This is spot on and needs to be screamed far and wide.
The cap and trade scam is one of the biggest ripoffs in history, and it's being perpetrated largely because corporations such as GE and GS have been set up nicely by their Washington cronies to make a killing off it should it pass.
These bloated (abeit well-connected) modern robber barons don't have a "post bubble" business plan, so now they're counting on the quisling politicians they've purchased to save their bacon by allowing them to suck massive amounts of wealth out of American families and small businesses.
And the politicians (read the obscene democrap party bosses running the criminal enterprise federal oligarchy) will gain unprecedented control over every aspect of your life with cap and tax! Think what the oligarchs can do with the power to regulate any community over their carbon output ... and whom or how will the serfs challenge them in this new power? We cannot, the federal oligarchs control the courts now, too!
Exactly, but explaining it to refute the Save-The-Planet crowd isn't easily reduced to a sentence or two. That's why it's important to understand the financial (and political) motivations driving it.