The following is a speech given on the House floor last Friday by California Rep. Tom McClintock, after the passage of the Waxman-Markey Cap-and-Trade bill.
McClintock first discusses California's climate change legislation of 2007 and how it drastically deepened the state's financial woes, and then compares cap-and-trade to the disastrous Smoot-Hawley Tariff that sent the country into the Great Depression. It also doesn't hurt that he casually rips apart the claims of global warming alarmists used as a reason to support the bill.
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