Cap and Trade, a failure on all counts

The nefarious forces that are beholden to political correctness and pseudo-science this week scored a victory for the hate America first group in an overt attempt to destroy what is left of the economy. Apparently, real science, as presented by a premier wordpress blog, Wattsupwiththat, mean nothing.

“The Heritage Foundation’s senior policy analyst for energy and environment, Ben Lieberman, has produced a stellar paper on [the cap and trade bill]… Based on available evidence and analysis, Lieberman concludes ‘that both the seriousness and imminence of anthropogenic global warming has been overstated.’ But even if we assume the problem is as bad as the hysterics claim, the proposed bill ‘would have a trivial impact on future concentrations of greenhouse gases. …[It] would reduce the earth’s future temperature by 0.1 to 0.2 degree C by 2100, an amount too small to even notice.’ The bill would bind only the U.S., not other nations, many of which, like China, are ‘polluting’ at a record pace. Also note that many European nations that have already imposed similar emissions restrictions have seen their emissions rise. But what would the costs be for this quixotic legislative paean to earth goddess Gaia? Contrary to the flawed analyses being advanced by the bill’s proponents, Heritage estimates that the direct costs would be an average of $829 per year for a household of four, totaling $20,000 between 2012 and 2035. But when considering the total cost as reflected in the cost of allocations and offsets, the average cost to that family unit would be $2,979 annually from 2012 to 2035. Adding insult and hypocrisy to injury, the bill would hurt the poor the worst because they would bear a disproportionate burden of the higher energy costs the bill would trigger. Now here’s the kicker. The bill is also projected to harm the manufacturing sector and cause estimated ‘net’ job losses, averaging about 1.15 million between 2012 and 2030. The overall gross domestic product losses would average $393 billion per year from 2012 to 2035, and the cumulative loss in gross domestic product would be $9.4 trillion by 2035. The national debt for a family of four would increase by $115,000 by 2035. Enough already. Throw the bums out.” –columnist David Limbaugh

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4 Responses to “Cap and Trade, a failure on all counts”

  1. Hopeless Change! « Maddmedic Says:

    [...] Conservative Libertarian Outpost we have the Crap and Tax Bill!! All kinds of Hopeless Change for you in this [...]

  2. goldtracker Says:

    It definitely is a scary bill and I think the American people had better to their best to get out of debt and start finding safe ways to store their money because the possibilities tax wise of this thing are horrible if you ask me. Even more frightening is that no one has read this thing completely. I saw a video of the Climate Czar Carol Browner where even she admitted that she hadn’t read it.

    One thing you can count on is that there will be companies who can’t compete following this new tax and will either be forced to close or move out of country.

  3. dsgawrsh Says:

    This Crap & Trade Bill did do one thing for conservatives: it shined a light on the traitors in our midst and who we need to focus our energies on. Mike Pence had the audacity to claim on Sean Hannity’s radio show that we didn’t need to worry about Republicans when Hannity asked who on the GOP side supported this bill, but that we needed to worry about the Democrats. Hmm…let’s see…the bill passes by seven votes and eight Repubs voted for it. Yeah we don’t need to worry about them.

  4. Cole20 » Posts about Wordpress dor education as of 1 July 2009 Says:

    [...] History Channel (03-04-2009)The Education of Charlie Banks (03-23-2009)Eight New Wolverine Images Cap and Trade, a failure on all counts – patricksperry.wordpress.com 06/30/2009 The nefarious forces that are beholden to political [...]

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