Atlas Puked!!!
Posted on 11/06/2007 1:28:21 PM PST by EPW Comm Team
Posted by Marc Morano - Marc_Morano@EPW.Senate.Gov - 1:43 PM
Climate Bills Will 'Require a Wholesale Transformation of the Nation's Economy and Society'
A Washington Post article today stated that the Democrats' current global warming proposals "will require a wholesale transformation of the nation's economy and society." The article by Post staff writer Juliet Eilperin noted that Democrat presidential candidates' climate proposals would "cost billions of dollars," and detailed exactly what the American people will face when it comes to cap-and-trade proposals. (LINK) [Note: Senator Joseph Lieberman (I-CT), the co-author of the Lieberman-Warner cap-and-trade bill, conceded last week that his bill would cost "hundreds of billions of dollars." LINK Others are concerned the real cost will be even higher, in the trillions of dollars. ]
The Post article cited an MIT expert who said climate proposals would drive up the costs of energy on already overburdened American families. "According to energy expert Tracy Terry's analysis of a recent Massachusetts Institute of Technology study, under the scenario of an 80 percent reduction in emissions from 1990 levels, by 2015 Americans could be paying 30 percent more for natural gas in their homes and even more for electricity. At the same time, the cost of coal could quadruple and crude oil prices could rise by an additional $24 a barrel," the article reported. 'A massive corporate windfall' Even the Democratic candidates are now fully admitting that the cost of these global warming bills will be extremely costly both financially and politically, according to the Washington Post article. Sen. Barack Obama (D-Ill) told a crowd in Iowa in October "there's going to be some costs, and we can't pretend like there's a free lunch." "I'd be the first to tell you: This is not necessarily the greatest political calculation," Democratic Presidential candidate John Edwards acknowledged, according to the article. Edwards has also come out in strong opposition to the Lieberman-Warner bill, calling it "a massive corporate windfall" on November 1. (LINK) These new climate proposals come at a time when a "winter-heating crisis looms," according to the November 5th edition of the Wall Street Journal.
"As fuel prices surge to new records, lawmakers are trying to limit a potential crisis that could leave many of the Northeast's poor without adequate heating this winter," the Wall Street Journal stated. (LINK)
'Benefits too little to bother'
Other newspapers are realizing the stark choice Americans face under these climate proposals.
The Colorado Springs Gazette today laid out the choices this way: "Impose costly, probably ineffective government dictates, or concede costs are too great and benefits too little to bother. Some are rethinking rash acts. An article in the British environmental journal Nature last month said it's time to dump the Kyoto Protocol because it's the wrong approach and has ‘failed' to cut greenhouse gases. The London School of Economics and Oxford authors also said carbon taxes and so-called cap-and-trade systems won't achieve reductions, either." (LINK)
The paper continued: "Meaningful CO2 reductions would negatively affect a large part of the economy, Alan Greenspan writes in his new book, The Age of Turbulence. Any meaningful reduction cap means a ‘large number of companies will experience cost increases that make them less competitive. Jobs will be lost, and real incomes of workers constrained.'"
The Colorado Springs Gazette concluded: "The Congressional Budget Office says consumers would pay most costs. Of course they would; consumers pay for everything in one way or another. The Free Enterprise Education Institute think tank forecasts an economic contraction that will cost each U.S. family $10,800 by 2020. ‘Cap-and-trade systems or carbon taxes are likely to be popular only until real people lose real jobs as their consequence,' Greenspan writes."
Rising Energy Costs Harm Poor
Other news outlets have detailed how the poor face the most harmful impacts from rising energy costs. A 2006 survey of Colorado homeless families with children found that high energy bills were cited as one of the two main reasons they became homeless. (LINK)
Senator James Inhofe (R-Okla.) summed up his opposition to the Lieberman-Warner bill in October. "Senators are going to be asking the American people to pay more for home energy and pay higher prices at the gas pump for no climate benefit. This bill will simply result in real economic pain, for no climate gain," Senator Inhofe, the Ranking Member of the Environment and Public Works Committee, said. (LINK)
Related Links:
Lieberman-Warner Climate Bill Meets Resistance from Unexpected Sources Climate Bill Will Cost ‘Hundreds of Billions of Dollars' - Lieberman Concedes INHOFE SLAMS NEW CAP-AND-TRADE BILL AS ALL ‘ECONOMIC PAIN FOR NO CLIMATE GAIN' SENATOR INHOFE OPENING STATEMENT AT SUBCOMMITTEE ON GLOBAL WARMING Senator Inhofe Exposes Costly Global Warming 'Solutions' INHOFE, BOXER DEBATE GLOBAL WARMING ON SENATE FLOOR Cutting Emissions May Cost U.S. Economy Up to $1.8 Trillion Senators Propose $4500 Climate Tax on American Families
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“Transformation”. Yeah, we had one of those in 1929.
What they are trying to say is that “wholesale transformation of the nation’s economy and society” means it will destroy it and put us all in the New World Order.
Wholesale Transformation of the Nation’s Economy and Society’ “”
For over 200 years we did pretty well and led the world. In 200 years we have done more then countries here over 5,000.
What shall we transform into? Duplicate the failures of all those others.
What is it about liberals that they think they must/can transform society?
Communism, let’s just be truthful about what the goal is.
That was sure fun. < /sarc >
I can hardly afford to heat my house as it is. What do these folks want of me?
Transformation? More like surrender.
This time its the WAR on GREENHOUSE GASES.
Which will be quickly and decisively ....LOST.
If the rats prevail; be afraid. Be very afraid.
I don’t think that they will. There is a large voting block of fortysome year olds who remember the ‘coming ice age’ from the 1970’s. Back then well meaning people (like me) believed in the integrity of scientists. Now many of us know that scientists too can be as easily bought as a two dollar whore or journalist. (Sorry to insult prostitutes by comparing them to journalists).
Same dance this time, even some of the frauds are the same (James Hansen used his witch doctor like climate model to predict the ice age). The only difference is that this time a lot of us won’t be fooled.
No kidding...this crap is beyond belief.
Because they hate and despise the Jewish-Christian society we had.
Well, if you can't live in a cave, they'd prefer you to die off without leaving offspring.
It's time to talk to the American people about what Al Gore's Nobel prize is going to cost them, if his political soulmates get their way. Most of the sheeple think that the eco-nuts only want them to suffer minor inconveniences, and we need to inform people about what throttling of the American economy the moonbats really have planned.
Well I can tell you what they are going to get out of me. If the cost of clean energy continues to increase, I like tens of millions of others will just start heating with wood. Won’t that be great for the environment?
Actions have consequences and these stupid socialists can never see beyond their failed ideology.
Atlas Puked!!!
~~ AGW™ ping~~
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