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Run Galt Run Part II - US Should Pay Other Contries Carbon Outlays for Imports

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With G8 passed and the up and coming countries of China and India saying "I don't think so" to the Carbon Prosperity Guilt System (AKA cap and trade), Gary Locke (US Commerce Secretary) has made the following statement.

It's important that those who consume the products being made all around the world to the benefit of America -- and it's our own consumption activity that's causing the emission of greenhouse gases, then quite frankly Americans need to pay for that.

Now in addition to crushing the last vestiges of industry in the US we need to hold the US consumer responsible to pay for the sins of other countries who refused to accept their own guilt in polluting Locke is stating.

The trigger for this statement is China complaining that the latest Cap and Trade (CPGS) bill passed by the house includes carbon tariffs on 'cabon-intensive' goods imported into the states. This includes steel, cement, paper, etc. All industries which have basically been crushed in the US.

Of course raising the cost of core materials, will have a drastic effect down stream for consumer goods. Most structural steel at this point comes from China, as does the steel used by defense contractors and other remnants of US industry. All of which will have cost increases.

But thats OK because we are saving the planet. Of course a tariff would normally have the effect of allowing domestic firms to expand and become more competitive. Unfortunately in this case the regulations and CPGS fees will leave little chance of that.