Goldman Sachs stands to make billions of dollars if the Cap and Trade bill is passed. Do you remember Geitner who Obama appointed as Sect. of the Treasury. He came from Goldman Sachs. Goldman Sachs got a lot of money in the bailout. Geitner in his new position saw to it that Goldman's two best rival were allowed to fail so Goldman now has very little competition.
Their plan is to buy a very big bunch of "carbon permits" and sell them at a jacked-op price to those companies that will need them. Incidently they are based in Europe and pay no tax to the USA.
The idea behind Cap and Trade is to decrease CO2 emissions to counter global warming. But China and India (two of the world's biggest CO2 producers) have already stated that they will do nothing that might hurt their economy. Maybe they also already know that Global warming is a HOAX. I have already told you that the earth warms up and cools down in 27 year cycles. The last year of warming was 1997 so now the earth is cooling and will do so until 2024.
The media show polar bears not having enough ice to float around on. They are supposedly an endangered species. several years ago it was estimated there were 5,000 of them. The latest esimate says there are now 25.000. Their favorite food is baby seals, lately they have gotten a taste for humans. I don't feel sorry for them at all.