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If you create something that will have a devastating affect on one important aspect of life, thus being the economy, to gain minimal and timely results in another important aspect, being the environment, than it is a very inefficient way to do politics. Your just creating a bigger problem by solving another. Now does that make any sense?
Global warming itself is sketchy, why create legislation on something that were not even certain of. Not mention it will make are already shitty economy even shittier.