Father Knows Best

http://www.futureofcapitalism.com/2010/04/duke-energy-ceo-jim-rogers-health-care-cap-and-trade-bloomberg

The CEO of Duke Energy Corp., Jim Rogers, says he is "offended" by the "father knows best" approach that the Democrats took in passing the health care overhaul. "Corporations are going to pay billions of dollars this year that no one even talked about in the debate and that's just the beginning," Mr. Rogers tells Bloomberg News in an interview. "The total cost of this has been significantly underestimated...We've structured something that we are going to look back on in five years and say 'how do we undo this?'"

Bloomberg says Mr. Rogers describes himself as a moderate Democrat. Lower in the article is the kicker:

The process used to pass the health-care measure is "unfortunate" because it dims prospects for getting legislation this year that would put a cap on the greenhouse-gas pollution blamed for climate change.

Duke, along with companies such as General Electric Co., has been pushing for a cap on carbon-dioxide emissions from power plants, factories and other sources...

It makes it sound like Mr. Rogers thinks a "father knows best" approach is okay for carbon, just not for health care.

by Ira Stoll  |  Apr 2, 2010 at 9:36 am Related Topics:  Energy, Health Care receive the latest by email: subscribe to the free futureofcapitalism.com mailing list