VARIOUS LEFT-WING WISH FULFILLMENT
41. One of Obama’s most reliable constituencies, college administrators, will be given billions of dollars to play with through the creation of eight “Clean Energy Innovation Centers,” university-based consortia charged with a mission to “leverage the expertise and resources of the university and private research communities, industry, venture capital, national laboratories, and other participants in energy innovation to support cross-disciplinary research and development in areas not being served by the private sector in order to develop and transfer innovative clean energy technologies into the marketplace.” Meaning that the famous business acumen of the federal government will be applied to the energy industry.

42. Another Obama constituency, the community-organizing gang — i.e., ACORN — will be eligible to receive billions in funding as the bill “authorizes the Secretary [of Energy] to make grants to community development organizations to provide financing to businesses and projects that improve energy efficiency.” Think federally subsidized consultants paid $55 an hour to tell businesses to turn down their AC in the summer.

43. Waxman-Markey also enables Obama to indulge his persistent desire to use the tax code to transfer wealth from people who pay taxes to people who don’t — i.e., from likely Republican voters to likely Obama voters. The bill “amends the Internal Revenue Code to allow certain low income taxpayers a refundable energy tax credit to compensate such taxpayers for reductions in their purchasing power, as identified and calculated by the Environmental Protection Agency (EPA), resulting from regulation of GHGs (greenhouse gases).”

↓ Keep reading this article ↓

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44. Not only will Waxman-Markey slip more redistribution into the tax code, it will establish a new monthly welfare check. It will create an “Energy Refund Program” that will “give low-income households a monthly cash energy refund equal to the estimated loss in purchasing power resulting from this Act.”

45. Another new class of government dependents will be created by Waxman-Markey: Americans put out of work by Waxman-Markey. The bill establishes a program to distribute “climate change adjustment assistance to adversely affected workers.”

46. Waxman-Markey will create yet another raft of government dependents, but of a different sort — bureaucrats. The bill creates: a new United States Global Change Research Program, a National Climate Change Adaptation Program, a National Climate Service, Natural Resources Climate Change Adaptation Strategy office at the White House, and an International Climate Change Adaptation Program at the State Department.

47. And since everybody else is getting a check, Bambi gets one, too, in the form of money for “domestic wildlife and natural resource adaptation.”

48. States also get in on the action. The legislation allows each state to set up a State Energy and Environment Development (SEED) account into which the federal government can deposit emission allowances. States can then sell these allowances and use the proceeds to support clean-energy programs. They must set aside a certain amount of the money to fund federal mandates, but they are given broad discretion to use the rest by making loans, grants, and other forms of support available to favored constituencies. It’s federalism, of a sort — the wrong sort.

49. And, of course, everything includes a health-care component, even cap-and-trade. Waxman-Markey requires the Department of Health and Human Services to develop a “strategic action plan to assist health professionals in preparing for and responding to the impacts of climate change.”

50. Waxman-Markey dumps money into questionable “partnerships” and grants to study “emerging careers” in “renewable energy, energy efficiency, and climate change mitigation.” The first career to emerge, of course, will be managing grants to study emerging careers.

That’s our Top 50. We could go on. And on.

When Nancy Pelosi was advising congressmen to back this beast, she said they should not worry about the words of the bill they had not read, but think about four others: “jobs, jobs, jobs, jobs.” The legislation offers Pelosi perverse vindication: Waxman-Markey will create a lot of jobs for Wall Street sharps, Big Business rent-seekers, ACORN hucksters, utility-company lobbyists, grant-writers at left-wing organizations, college administrators, light-bulb-policing bureaucrats, and an army of parasitic hangers-on. It’s up to the Senate to stop it.

— Stephen Spruiell is a staff reporter for National Review Online. Kevin Williamson is a deputy managing editor of National Review.

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