So Americans are too dumb to know that the cap and tax would raise their costs? I guess many Americans thought it was going to be another government freebe.
In Pennsylvania, one electric utility is begging people to stash money now into a utility-managed account, for use when the rates skyrocket after cap-and-trade is passed.
They promise the suckers (er, “customers”) a 7.5% interest rate on the money, but of course that, too, will be used to defray the upcoming gigantic electric bills.
You don’t suppose, do you, that the electric company has already crunched the cap-and-trade numbers and concluded that a lot of customers will not have sufficient cash flow to pay their utility bills?
Hmmmmmm...