Re: Point of View: presidents power, cap and trade

There would seem only one problem with cap and trade legislation: it's been introduced by Democrats. Had this one been introduced by Republicans, you'd be singing it's praises. To wit this quote:

"There is a lot of confusion and misinformation circulating about the cap and trade mechanism in the energy and climate legislation being debated before Congress. By capping and trading carbon emission we can reduce greenhouse gases that cause global warming.

While cap and trade may seem like a confusing concept, it has actually been around for almost 20 years effectively reducing sulfur dioxide that causes acid rain and nitrogen oxides that cause smog.

The 1990 Clean Air Act Amendments, signed into law by George H. W. Bush, established the first cap and trade program that now serves as a model for the program being proposed to reduce carbon emissions.

Cap and trade was proposed by business interests and Republicans as a means of using market forces to reduce pollution more efficiently than the alternative of requiring each polluter to reduce their pollution by a fixed amount.

And here is the original reference: