http://la.streetsblog.org/2009/10/26/senate-climate-bill-triples-the-house%e2%80%99s-investments-in-clean-transportation/ Covering Los Angeles's livable streets movement Tue, 07 Feb 2012 14:06:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://la.streetsblog.org/2009/10/26/senate-climate-bill-triples-the-house%e2%80%99s-investments-in-clean-transportation/comment-page-1/#comment-44311 Michael D. Setty Mon, 26 Oct 2009 17:42:01 +0000 http://la.streetsblog.org/?p=17191#comment-44311 Notwithstanding the improved recognition for transportation by some Congresscritters, cap and trade overall is a horrible idea, since it is (1) much more complex than a simple carbon tax; (2) the complexity opens it up to myriads of political horsetrading and logrolling; but (3) worst of all, it provides yet another opportunity for the Grand Casino, er, Wall Street, to gamble and puff up yet another financial bubble. In other words, NO BILL is the BEST BILL if the current proposals are what we have to choose from. Notwithstanding the improved recognition for transportation by some Congresscritters, cap and trade overall is a horrible idea, since it is (1) much more complex than a simple carbon tax; (2) the complexity opens it up to myriads of political horsetrading and logrolling; but (3) worst of all, it provides yet another opportunity for the Grand Casino, er, Wall Street, to gamble and puff up yet another financial bubble. In other words, NO BILL is the BEST BILL if the current proposals are what we have to choose from.

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