By Ronald Bailey
June 30, 2009
"The worse, the better," Vladimir Lenin is said to have observed. What Lenin meant was that the worse social conditions became in Russia, the more likely he and the Bolsheviks could foment a communist revolution. President Barack Obama's White House Chief of Staff Rahm Emanuel recently updated Lenin's maxim, saying, "Never allow a crisis to go to waste."
Last Friday, the Democratic leadership in the House of Representatives took those maxims to heart when they pushed through their 1,200-page American Clean Energy and Security (ACES) Act by a vote 219 to 212. The bill is supposed to address the twin crises of economic recession and climate change by creating millions of new "green" jobs. Instead of an old-fashioned Soviet-style five-year plan, ACES can be thought of as 50-year plan to radically transform how Americans produce and use energy.
Read more at: http://www.reason.com/news/show/134443.html
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