That’s Gov. Mitch Daniels of Indiana, the state with the most manufacturing-intensive economy in the nation.
We read with interest and admiration today’s op-ed in the Wall Street Journal by Gov. Daniels, the two-term Republican governor and former OMB director, “Indiana Says ‘No Thanks’ to Cap and Trade.” Admiration because the Governor isn’t letting the activist/politician/media machine browbeat him into endorsing a fundamental reordering of the economy that will impoverish Indiana’s citizens.
The largest scientific and economic questions are being addressed by others, so I will confine myself to reporting about how all this looks from the receiving end of the taxes, restrictions and mandates Congress is now proposing.
Quite simply, it looks like imperialism. This bill would impose enormous taxes and restrictions on free commerce by wealthy but faltering powers — California, Massachusetts and New York — seeking to exploit politically weaker colonies in order to prop up their own decaying economies. Because proceeds from their new taxes, levied mostly on us, will be spent on their social programs while negatively impacting our economy, we Hoosiers decline to submit meekly.
The Waxman-Markey legislation would more than double electricity bills in Indiana. Years of reform in taxation, regulation and infrastructure-building would be largely erased at a stroke. In recent years, Indiana has led the nation in capturing international investment, repatriating dollars spent on foreign goods or oil and employing Americans with them. Waxman-Markey seems designed to reverse that flow. “Closed: Gone to China” signs would cover Indiana’s stores and factories.
With so many political, cultural and economic forces allied to create a new, not-quite-market-based economy, it’s great to see an elected official call cap-and-trade a terrible idea that will do real harm to people.
And for what, asks Daniels.
No honest estimate pretends to suggest that a U.S. cap-and-trade regime will move the world’s thermometer by so much as a tenth of a degree a half century from now. My fellow citizens are being ordered to accept impoverishment for a policy that won’t save a single polar bear.
Latest posts by Carter Wood (see all)
- Farewell from a Blogger - May 25, 2011
- Activist Ignore Evidence to Back Shakedown Suit Against Chevron - May 25, 2011
- More than a Lawsuit: A Circle of Political Pressure Against Chevron - May 25, 2011