There's an old saying that everything becomes funnier if you add
"on ice!" to the end of it. Walt Disney… on
ice! Nuclear winter… on
ice! John
Kerry… on ice! Pauly Shore…
on ice! Okay, the last one is never funny,
but you get the idea.
Anyway, John McCain seems to be taking a similar approach to
climate change legislation. Come up with whatever expensive
regulatory scheme you want, and then just add the words
"market-based." Suddenly, it's all good! So here he is telling the New
York Times today that he'll "propose a domestic
cap-and-trade system that will mobilize market forces to develop
and commercialize alternatives to carbon-based fuels." It's as if
he believes a massive regulatory intervention will somehow become
more palatable if you repeat the word "market" as many times as
possible.
topics:
Trade, John McCain
