OK, Someone Has Read Waxman-Markey. Uh Oh.

Jonathan Adler of the Volokh Conspiracy asks what's in the 1500 hundred pages (give or take) of the Waxman-Markey cap-and-trade global warming bill, (known as ACES--the American Clean Energy and Security Act). He links to a breakdown of its 50 most outrageous features posed by Stephen Spruiell & Kevin Williamson at The National Review:

Waxman-Markey creates a permanent new regime in which environmental romanticism and corporate welfare are mixed together to form political poison. From comic bureaucratic power grabs (check out the section of the bill on candelabras) to the creation of new welfare programs for Democratic constituencies to, above all, massive giveaways for every financial, industrial, and political lobby imaginable, this bill would permanently deform American politics and economic life.

If you take the time to read the legislation, you’ll discover four major themes: special-interest giveaways, regulatory mandates unrelated to climate change, fanciful technological programs worthy of The Jetsons, and assorted left-wing wish fulfillment. We cannot cover every swirl and brushstroke of this masterpiece of misgovernance, but here’s a breakdown of its 50 most outrageous features.