Indiana Governor Mitch Daniels is telling the feds to stick their cap and trade where the sun don’t shine:
Quite simply, it looks like imperialism. This bill would impose enormous taxes and restrictions on free commerce by wealthy but faltering powers — California, Massachusetts and New York — seeking to exploit politically weaker colonies in order to prop up their own decaying economies. Because proceeds from their new taxes, levied mostly on us, will be spent on their social programs while negatively impacting our economy, we Hoosiers decline to submit meekly. [Read the rest]
This comes on the heels of the news that several major insurance companies who qualify for TARP funds are telling the government where they can stick that poison pill.
Perhaps individual state’s rights are aligning with private sector interests. They do both seem to be facing hostile take over from the federal government so it isn’t out of the question.
In a way the health of individual state’s rights and the helath of the private sector work like a canary in a coal mine. Problem is, in this case it is hard to tell who is the canary and who is the coal mine. Either way, it doesn’t look that good for the bird or the shaft.
