Joe Barton’s Letter to Secretary Geithner on Cap and Trade

Nicolas Loris /

Congressman Joe Barton

Can President Obama lead the United States out of the recession? In a word, no. Economist Russ Robert opines, “No man or woman runs the economy. No man or woman or team of people can possibly plan the evolution of the economy in the coming months. America will come out of the recession but the time and pace are unknown. Obama can help. But he can just as easily slow down any recovery. Some part of the current mess we’re in is the result of erratic government policy that has added to the uncertainty facing consumer, investors, and entrepreneurs.”

The takeaway here is that he can help or he can make things worse. In a letter to Treasury Secretary Timothy Geithner, Congressman Joe Barton (R-Texas) does a very good job explaining how a cap and trade policy will do the latter: