According to Jeffrey A. Glassman, Phd. :
"Carbon dioxide in the atmosphere is the product of oceanic respiration due to the well-known but under-appreciated solubility pump. Carbon dioxide rises out of warm ocean waters where it is added to the atmosphere. There it is mixed with residual and accidental CO2, and circulated, to be absorbed into the sink of the cold ocean waters. Next the thermohaline circulation carries the CO2-rich sea water deep into the ocean. A millennium later it appears at the surface in warm waters, saturated by lower pressure and higher temperature, to be exhausted back into the atmosphere. Throughout the past 420 millennia, comprising four interglacial periods, the Vostok record of atmospheric carbon dioxide concentration is imprinted with, and fully characterized by, the physics of the solubility of CO2 in water, along with the lag in the deep ocean circulation.
Notwithstanding that carbon dioxide is a greenhouse gas, atmospheric carbon dioxide has neither caused nor amplified global temperature increases. Increased carbon dioxide has been an effect of global warming, not a cause. Technically, carbon dioxide is a lagging proxy for ocean temperatures. When global temperature, and along with it, ocean temperature rises, the physics of solubility causes atmospheric CO2 to increase.
If increases in carbon dioxide, or any other greenhouse gas, could have in turn raised global temperatures, the positive feedback would have been catastrophic. While the conditions for such a catastrophe were present in the Vostok record from natural causes, the runaway event did not occur. Carbon dioxide does not accumulate in the atmosphere."
Now I am NOT a rocket scientist, but I can read between the lies (err I mean lines) and see that there is nothing that a cap and trade bill will do to benefit the environment.
Cap and trade will create a new commodity to be traded on the market, which will make lots of profits for those that can afford to by carbon credits, and create business and personal bankruptcies for those of us that cannot afford to play the markets. The average cost to a homeowner will be about $6,038 annually, with nothing in return. In fact, when you want to sell your property, you will have to obtain an inspection and certification from the EPA which will indicate to prospective buyers that your home meets the stringent EPA standards. This will cost another few hundred dollars provided that the EPA does not find any "violations" which will of course haveto be corrected before yo can sell your house.
More and more of our personal freedom and rights to privacy are being eroded by a President and Congress that has not only lost touch with the people, but have abandoned the U. S. Constitution in its entirety for the express purpose of enslaving the citizens. There can be no other justification for this blatant abuse of power in public office.