From Newsmax:

President Obama's cap-and-trade plan could deliver several blows to the U.S. economy, according to a Treasury Department memo that one observer described as "damning."

The country could lose 1 percent of its gross domestic product, face accelerated outsourcing of manufacturing jobs, and experience energy rationing if cap and trade became law, according to the memo, which the Competitive Enterprise Institute obtained under the Freedom of Information Act.

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