The cap and trade delusion (2) - Scott Grannis - It would appear that the chances of the Waxman-Markey cap and trade bill passing the Senate this year are going down big-time. Three days ago, the Senate Environment Public Works Committee held a hearing at which the EPA administrator said that “unilateral U.S. action to reduce greenhouse gas emissions would have no effect on climate.” - Calafia Beach Pundit

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Is the TARP Bailout already profitable? - Jeff Senters  -  … Don’t hold your breath. Rep. Barney Frank, the chairman of the House Financial Services Committee, wants to spend those TARP profits rather than returning them to the taxpayers. Frank introduced a bill called the “TARP for Main Street Act of 2009.” This bill proposes that the profits from the program be immediately redirected toward housing proposals favored by Frank … The original TARP legislation required that ALL money made from the program “shall be paid into the general fund of the Treasury for reduction of the public debt.” Frank, however, wants to spend the money instead of paying down the debt.  … - Examiner.com

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Artificial Stimulus - By Daniel Gross - It’s too soon to say whether the stimulus package is working. - Slate.com