as I comprehend it, after briefly speaking with Waxman at UCLA, his bill does
teh same as his '91 cap&trade bill under HW, on SO2 and NOx (viz,
acid rain); that is, it is just a "free trade" bailout for Wall Street (and
the City of London, financial district is known as).

if Dubya had known that Kyoto was just another cap&trade "free trade" nostrum,
I'm sure that he would have signed it, since he has been thoroughly indopctrinated
in the MBA school on "British Liberal Free Trade" (cotton, sugar & slavery etc.,
why the British organized and supported Secession with ships & materiel) --
what the Revolution was mainly about -- not just,
Taxation without representation, as a la the Tea Party effetes and
the Encyclopedia Brittaninca!

Waxman perhaps has been too long on the job;
when I spoke to him at the Faculty Center, he seemed to be on drugs, two,
a marked difference form when I saw him in P.Palisades. anyway,
as I asked him,
why can't we just have a very small Carbon Tax,
instead of letting the arbitrageurs run the bull & bear hijinx?

as they say, the bears make money, the bulls make money, and
the hogs always get slaughtered.

none of the (two) experts, I have read or asked,
thought that a tx would not work; only that it was somehow
politically impossible.

--sooner,bri