Remember Cap and trade? Pushed by Barack Obama, Nancy Pelosi, and Harry Reid and praised by Mark Jacobs. Like Obama, Texas businessman Mark Jacobs said a Washington ‘cap and trade system works very well’ and ‘really hits the mark’ ut the plan would have exploded energy costs, hurt the economy, and even cost Americans jobs—up to 30,000 jobs in Iowa. Call Mark Jacobs. Tell him Iowa families can’t afford higher energy costs from Washington.