... they will accomplish with cap-and-trade! I am referring to Obama's idea that healthcare reform is going to spur all sorts of new business and create all sorts of new jobs. Since we already know this won't be the case when it comes to healthcare reform, they most certainly will get their way with cap-and-trade legislation.

Last week, Barbara Boxer introduced her cap-and-trade bill. She, too, believes that cap-and-trade will lead to a jobs boom in the United States. She says that it would bring billions in private investment. Well - Barbara Boxer really isn't all that bright, so it's hard to take any jobs promise she makes seriously. It's far more likely that he taxing and regulatory schemes will be a jobs killer.

Assuming that Boxer's bill is somewhat similar to the Waxman-Markey climate bill that has been around for months, we can assume the following:

One independent analysis predicts our nation would lose 2 million jobs if the House plan is enacted. In Virginia, an estimated 15,500 jobs would be wiped out by 2015, and 72,000 jobs would be lost by 2030 under Waxman-Markey.

Even the Government Accountability Office (GAO) warned that a cap-and-trade climate bill could result in great economic pain for little environmental gain. The GAO noted that climate legislation could make American companies less able to compete internationally and drive American jobs overseas to nations that do not limit greenhouse gas emissions. This would increase international emissions enough to offset or overwhelm any reductions made by the United States.

I don't know about you, but that definitely sounds like a way to spur economic growth in our country. Don't ya think?