I think the carbon cap and trade scheme has the potential to destroy the economy of the US. Under the most optimistic scenario the plan will reduce the gross national product starting immediately after implementation, and as far into the future as can be projected (which is 2050 in studies). It will raise the price of electricity, gasoline, and all products that are produced with those commodities. In addition there will be literally millions of job loses; more than usually predicted because I think a lot of businesses will be driven off-shore. (China and India are not going to participate in the Global Warming/Climate Change madness.) Part of my concern is that I feel certain that the alternative energy sources that the Obama Administration is expecting to come on line will not be developed soon, and will not achieve the the cost reductions with increased scale that have been projected. I also have doubts about the economical success of carbon sequestration systems. There are some differences in the predicted impacts from various studies, but all predict negative impact, unlike the campaign rhetoric which presents a rosy picture. A study of the impacts of carbon cap and trade is given here.