I've been trying to think of a well spoken way to express my feelings on this absurd bill that is no longer winding its way through the Senate, and have been unable to do so. But, fortunately, the WSJ did that for me. My concern is that Barbara Boxer is now claiming that McCain and Obama would both have voted for the bill, had they gone to work that day (she says Clinton would have as well). That either one of the two Senators would have espoused a plan whereby the half caps would be auctioned to the highest bidder, thus reducing investment dollars and imposing what is essentially a prepayment scheme, and so much freedom with the other half the system is just begging to be used as political favor is disturbing. I understand the point of cap-and-trade. I agree that limiting emissions is a positive thing all around. But the distibution model is flat out disturbing. Institute the system without the auctions, or use the auctions to pay down the debt and make it viable for companies to conduct R&D while they conduct future research - just don't put it in a barrel o' pigs.