GE's CEO Jeffrey Immelt wants the U.S. government to set a long-term price for carbon so the U.S. can compete with China in the green energy market.
"Immelt said that a carbon pricing scheme would create jobs[.][. . . .] Doesn’t sound like it, if he has in mind a cap-and-tax scheme. (Here’s also a useful primer on costs of global warming policies.)"
"To avoid having the Senate vote on her nomination (as the Constitution’s Appointments Clause clearly requires for such presidential appointees), which might result in her nomination being defeated, the administration has formally appointed her not to be Director of the Bureau (the position she will in fact be exercising), but rather to two other White House and Treasury Department positions that did not historically require Senate confirmation — positions from which she will informally control the Bureau. In essence, President Obama is circumventing constitutional checks and balances, as Yale Law Professor Bruce Ackerman, a staunch liberal, notes today in The Wall Street Journal."
The Pledge to America
The GOP unveiled their "Pledge to America" yesterday.
"We may need to think well beyond this political pledge; What kind of society is sustainable over centuries? How about over thousands of years? Whatever the requirements, we have to make sure that America is the kind that can survive. Even with creeping government growth and paternalism, a handful of centuries is enough to wipe out precious freedoms if government is not restrained. So we want to see packages like this pledge, but also serious, fundamental extensions of it that ask questions not driven merely by responses to the antics of an opposing party."