The bill is about “jobs, jobs, jobs, jobs” (for bureaucrats, enviro lawyers, and climate scientists). Investor’s Business Daily:
Regulations: Call it cap-and-trade or bait-and-switch, but John Kerry and Joe Lieberman continue to tilt at windmills with a bill to restrain energy growth in the name of saving the planet.
The bill introduced Wednesday and sponsored by the two senators is called the American Power Act, an Orwellian phrase if ever there was one. Like President Obama’s offshore drilling program, for every “incentive” there is a restriction. It’s as if Hamlet were to be appointed Secretary of Energy.
The legislation has little to do with developing America’s vast domestic energy supply. It’s cap-and-trade meets pork-barrel spending. It’s about regulations, restrictions and research. It does not deal with exploiting America’s vast energy reserves but with finding ways to mitigate their alleged harmful effect.
To that end, the bill creates some 60 new agencies and projects to eat up our tax dollars and buy support (see list alongside).
The rest here.