Senator Lieberman’s Honest Quote on Cap and Trade

David Kreutzer /

Senators Lieberman, Graham, and Kerry have come forward with a bold, new proposal on global warming… or not.

Here is Senator Lieberman’s description of the “new” proposal:

“You remember the artist formerly known as Prince?” Lieberman said. “This is the market-based system for punishing polluters previously known as ‘cap and trade.’ “

Who will be punished under this re-badged clunker? The Center for Data Analysis estimated that cap-and-trade legislation will cost the economy $7-9 trillion in lost national income and lead to millions of lost jobs (even after credit for any green jobs).