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R.I. Sen. Whitehouse sees silver lining in demise of global-warming bill01:00 AM EDT on Sunday, June 15, 2008 BY JOHN E. MULLIGAN Journal Washington Bureau whitehouse WASHINGTON — The Senate’s global-warming bill, many months in the making, is dead for this congress, but one of the senators involved in preparing it says the work wasn’t wasted. The next president, whether Barack Obama or John McCain, is likely to sign into law a bill, based on the one that faltered last week in the Senate, that is meant to curb the pace of climate change, Sen. Sheldon Whitehouse said in an...

Last week’s Senate debate over Lieberman-Warner – the America’s Climate Security Act – brought to national attention an under-recognized yet rising threat to liberty and limited government: corporate America. Several of the largest corporations worked with environmental special interest groups and left-wing politicians to pass so-called “cap-and-trade” legislation to address global warming concerns. By pushing for the legislation, these companies hoped to get revenue in the form of government subsidies plus accolades from the media for taking measures to “save the planet.” Never mind the impact on the everyday citizen, who pays for it all with higher taxes and increased...

WASHINGTON, DC – Sen. James Inhofe (R-Okla.), Ranking Member of the Environment and Public Works Committee, criticized the Democrats’ Consumer First Energy Act as a “No” Energy bill in floor remarks today. Senator Inhofe voted against cloture on the bill yesterday.   “The simple fact remains that until we explore and develop domestic energy resources and increase domestic refining capacity, the cost of gas at the pump will increase,” Senator Inhofe said. “As Oklahomans and Americans face $4 per-gallon gas prices, now is not the time for politics as usual – now is the time for common sense solutions. The Democrats’...

The most obvious lesson to be learned from the U.S. Senate's failure to mount any sort of grown-up debate on climate change last week is that the country needs a new occupant in the White House. By that we mean a president who not only understands and cares deeply about the issue - which both Senators Barack Obama and John McCain say they do, and which President Bush clearly does not - but who is also willing to invest the time and the political capital necessary to push good legislation through Congress. The bill that died in the Senate sought...

Lieberman Hopeful, Despite Global Warming Bill's FailureBy JESSE A. HAMILTON | Washington Bureau Chief June 7, 2008 WASHINGTON — - It wasn't really about winning, anyway. So nobody's crying over the Friday defeat of a Senate bill to counter global warming. Not even Sen. Joe Lieberman, whose name was on it. The bill to slash industrial carbon emissions — a massive and deep-reaching piece of legislation known as the Lieberman-Warner Climate Security Act — was the 2008 shot at doing something about the climate warming trend. As expected, it burned out. But the politics is in the details, and in...

Posted by Wonk Room 3 days ago From the Wonk Room.This morning, in the only order of business today, the Senate voted 48-36 to filibuster the Lieberman-Warner Climate Security Act (S. 3036) – 60 votes would have been required to achieve cloture and limit debate. 16 senators – six Democrats and ten Republicans – failed to vote. The vote was specifically on cloture for Senator Barbara Boxer’s (D-CA) substititute amendment (S.A. 4825) to the bill. Voting in the affirmative were 39 Democrats, seven Republicans, and two independents (Republicans and independents in ALL CAPS, senators up for re-election in bold, senators...

This week, the Senate opened debate on the most massive tax increase in history and a government takeover of private industry that makes Roosevelt's New Deal look tiny by comparison. The sheer chutzpah it takes to even offer such a thing is breathtaking, matched only by how frightened we all should be by the sheer economic destruction it would inevitably cause and the loss of freedom to which it would directly lead. I am speaking, of course, of the ever-so-benign-sounding “cap and trade” bill. This bill would criminalize the normal energy usage and that goes with a prosperous economy and...

For months, Democrats and the environmental lobby promoted last week's Senate global-warming debate as a political watershed. It was going to be the historic turning point in U.S. climate change policy. In the event, their bill collapsed in a little more than three days. Democrats failed to secure a majority, much less the 60 Senators necessary, for a procedural vote on Friday morning that would have allowed the real work of amending the bill to begin. By that point, Majority Leader Harry Reid had already made it plain that he wanted the bill off the floor as quickly as possible...

Grouped By Vote Position YEAs ---48 Akaka (D-HI) Baucus (D-MT) Bayh (D-IN) Bingaman (D-NM) Boxer (D-CA) Cantwell (D-WA) Cardin (D-MD) Carper (D-DE) Casey (D-PA) Collins (R-ME) Dodd (D-CT) Dole (R-NC) Durbin (D-IL) Feingold (D-WI) Feinstein (D-CA) Harkin (D-IA) Inouye (D-HI) Kerry (D-MA) Klobuchar (D-MN) Kohl (D-WI) Lautenberg (D-NJ) Leahy (D-VT) Levin (D-MI) Lieberman (ID-CT) Lincoln (D-AR) Martinez (R-FL) McCaskill (D-MO) Menendez (D-NJ) Mikulski (D-MD) Murray (D-WA) Nelson (D-FL) Nelson (D-NE) Pryor (D-AR) Reed (D-RI) Reid (D-NV) Rockefeller (D-WV) Salazar (D-CO) Sanders (I-VT) Schumer (D-NY) Smith (R-OR) Snowe (R-ME) Stabenow (D-MI) Sununu (R-NH) Tester (D-MT) Warner (R-VA) Webb (D-VA) Whitehouse (D-RI)...

As this week’s debate on climate change has unfolded, the American people and those watching us around the world had every reason to hope that we would act. Every credible scientist and expert believes action is necessary. This is critical and long overdue legislation that represents a good first step in addressing one of the most serious problems facing our generation. Like many of my Senate colleagues, I believe the legislation could have been made even better. Had there been a substantive Senate debate about some of the concerns with this bill, I believe the outcome could have generated broad...

U.S. carbon-capping climate bill dies in Senate 11 minutes ago U.S. legislation that would have set up a cap-and-trade system to limit climate-warming carbon emissions died on Friday after a procedural vote in the Senate. The bill aimed to cut total U.S. global warming emissions by 66 percent by 2050. Opponents said it would cost U.S. jobs and raise fuel prices in an already pinched American economy.

The Senate is debating a cap-and-trade proposal, and although it's unlikely to pass, it will return because all the major presidential candidates support the concept. Cap and trade extends the long government tradition of proclaiming lofty goals that are impossible to achieve. We've had "wars" against poverty, cancer and drugs; but poverty, cancer and drugs remain. President Bush called his landmark education law No Child Left Behind rather than the more plausible Few Children Left Behind. Carbon-based fuels (oil, coal, natural gas) provide about 85 percent of U.S. energy needs and generate most greenhouse gases. So, the simplest way to...

Legislation to combat global warming by putting limits on greenhouse gas emissions appeared headed to defeat as Democrats and Republicans accused each other of manipulating Senate rules to impede it. Opponents of the bill, co-authored by Sen. John Warner of Virginia, are "trying to fritter away the time" that Senate leaders had set aside for debate, Democratic Sen. John Kerry charged. On Wednesday, Republicans forced Democrats to have the 492-page bill read aloud on the floor, taking up more than nine hours. Majority Leader Harry Reid then scheduled a showdown vote for this morning on a motion to limit additional...

I'm sorry, fellows. Do you really think the world is filled with morons? When it comes to bait and switch, used car salesmen are paragons of virtue compared to this global warming crowd. Excuse me. It's not the ``global warming'' crowd now; it's the ``climate change'' crowd. Of course, they don't want any of us to own automobiles; so what the heck. They can act like used car salesmen because there will be more jobs for them as being advocates in the climate change arena.

Not all environmentalists are evil. Some truly believe in what they do and genuinely feel that Anthropogenic Global Warming is one of the greatest threats to human existence to ever emerge. Once I get over my misgivings that this concern is colossally overblown by some and pathetically manipulated by others, I can see why the people at Climate Progress, are seething at their “Progressive” Senators. It seems that these individuals have figured out that someone actually has to pay for reductions in CO2 emissions. Given that this activity is far less enjoyable than insulting Republicans for not caring enough about...

To: STATE EDITORS Contact: David Almasi, +1-202-543-4110, for National Center for Public Policy Research WASHINGTON, May 28 /PRNewswire-USNewswire/ -- As the Senate is poised to vote on the Lieberman-Warner America's Climate Security Act, a new poll finds an overwhelming majority of Americans oppose the higher energy costs the bill would impose. The poll, conducted by the National Center for Public Policy Research, found 65% of Americans reject spending even a penny more for gasoline in an effort to reduce greenhouse gas emissions. The number rejecting raising gas prices to combat global warming has increased by 17 percentage points -- or...

Mr. President, I don't think, with all due respect to my good friend, the majority leader, who decided to bring up this bill, that discussing one of the most massive bills we have seen is a waste of time. I don't think 30 hours is too long. The Wall Street Journal, which he dismisses--I don't dismiss it--said:    This is easily the largest income redistribution scheme since the income tax.    That was today's Wall Street Journal editorial. I wish to say, this is not a matter that should be lightly dealt with. Thirty hours is not enough. We need to spend a...

Senator James M. Inhofe Floor Statement Climate Debate June 2, 2008  Selected Excerpts of Senator Inhofe’s floor statement: We believe that any climate legislation must offer Clean Energy Solutions. Substantial investment must be made in new, clean energy technologies which generate more energy efficiently by producing less carbon, without the government picking winners and losers.  It makes good business sense to produce energy more efficiently and American companies are at the forefront of developing new technologies.  We support investments in solar, wind, hydro, geothermal and other innovative technologies.  But we must be careful not to interfere in the free market system or...

Senate Debate Halted While Clerks Read 400-Page Bill Aloud June 04, 2008 2:30 PM ABC News' Z. Byron Wolf Reports: Senator Barack Obama may have clinched the Democratic Presidential nomination calling for a politics of "change," but none of that rubbed off on his colleagues after a brief visit to Capitol Hill today. Obama spent 16 minutes in the Senate, greeting colleagues and voting on a budget resolution. It was all smiles, handshakes and back-slaps for Obama as he greeted senators from both parties. But not long after he left, Democrats and Republicans were locked again in partisan gamesmanship. Democrats...

How does Washington plan to resolve our energy problems and control atmospheric temperatures? Well, how do they fix anything? By proposing a gargantuan boondoggle. A "cap and trade" bill, one that will supposedly cut 66 percent of our emissions by 2050, is being debated in Congress this week. To begin with, proponents of America's Climate Security Act have been misleading the public by claiming that cap and trade is a "market- based" solution. In truth, cap and trade does to the market what "American Idol" does to music. The idea sounds harmless: government caps emissions, and corporations trade the allotted...

We wrote here about the economic disaster that goes by the name Lieberman-Warner, the carbon cap-and-trade system now being considered by the Senate. We posted a diagram created by the Chamber of Commerce that exposed the ludicrous complexity and intrusiveness of the proposal. The bill, as amended by Barbara Boxer, has now gotten even worse. Boxer's amendment adds more than 300 regulations and mandates. The Chamber has accordingly prepared another version of their chart that reflects Boxer's changes. It is a remarkable document; click to enlarge: This morning, four Republican Senators held a press conference on Lieberman-Warner. Jim Inhofe of...

For conservatives who would like to think the whole government should be handed over to the liberals for a few years until the Reagan wing of the Republican Party can get its act together, a quick look at a monstrosity under consideration by Congress is in order. Liberal Democrats and "green" Republicans are proposing a massive reorganization of the American economy to fight so-called global warming. Worse yet, proponents of this bill are attempting to sell this eco-socialism as a "market-based" policy, and their allies in the national media are going along with the charade.

This week, the Senate debates America’s Climate Security Act (S. 2191), sponsored by Sen. Joseph Lieberman (I., Conn.) and John Warner (R., Va). The Lieberman-Warner bill (LW) would restrict energy use to combat global warming. Like global warming itself, the bill has undergone considerable hype and little hard-nosed analysis. Several myths need to be dispelled.Myth #1: LW wouldn’t be expensive. Fact: LW works like a massive energy tax. By restricting carbon-dioxide emissions from coal, oil, and natural gas — with a freeze at 2005 levels beginning in 2012, to a 70-percent reduction in 2050 — the bill forces down supply...

Cap-and-trade is a huge tax hidden in a bureaucratic labyrinth of opaque permit transactions An unprecedentedly radical government grab for control of the American economy will be debated this week when the Senate considers saving the planet by means of a cap-and-trade system to ration carbon emissions. The plan is co-authored (with John Warner) by Joe Lieberman, an ardent supporter of John McCain, who supports Lieberman’s legislation and recently spoke about “the central facts of rising temperatures, rising waters and all the endless troubles that global warming will bring.” Speaking of endless troubles, “cap-and-trade” comes cloaked in reassuring rhetoric about...

http://epw.senate.gov/public/index.cfm?FuseAction=Minority.Blogs&ContentRecord_id=4baad06a-802a-23ad-42d7-350ee0918ec4&Issue_id= Posted By Marc Morano ? 6:09 PM ET ? Marc_Morano@EPW.Senate.Gov Boxer Claims Recession is Best Time to Raise Energy Costs Read More About the Impacts of Lieberman-Warner: www.epw.senate.gov/lieberman-warnerbillexposed Senator Barbara Boxer (D-CA), the chairman of the Environment & Public Works Committee, declared in her opening floor speech today that a ?recession is the precise time to" enact the Lieberman-Warner global warming cap-and-trade bill because it ?brings us hope.? The Lieberman-Warner global warming bill would have many consequences, but ?hope? is not among them. The Cleveland Plain Dealer editorialized on June 1, that the bill "will just bore new holes...

  Major policy decisions require weighing of trade­offs, and that is especially true with regard to global warming. Clearly, the American people would not benefit from measures designed to address global warming that do more economic harm than environ­mental good. For this reason, it is important to weigh the consequences of any proposed climate legislation: both the costs to the American people and the bene­fits in the form of reduced adverse impacts from glo­bal warming.This Backgrounder is a companion to the Center for Data Analysis (CDA) report titled "The Economic Costs of the Lieberman–Warner Climate Change Leg­islation."[1] It concludes that...

Global Warming On the Rocks by: Emily Ham, June 02, 2008 As the congressional curtains open on the Lieberman-Warner “Climate Security Act,” the subjects of higher taxes, job expansion and economic growth are taking center stage in many people’s minds. The act, which deals with controlling levels of greenhouse gases (GHGs) produced by the United States in order to protect the government will be open for Senate discussion for the few following weeks. And while many agree measures must be taken to protect the environment from carbon dioxide levels and such, some people are seeing a flaw in the act...

The current plan for dealing with global warming would trigger a lobbying frenzy to win new subsidies and preferential treatment. Robert J. Samuelson NEWSWEEK Updated: 12:42 PM ET May 31, 2008 We'll have to discard the adage "everyone talks about the weather, but no one does anything about it." In this era of global warming, it is inoperative, because the whole point of controlling greenhouse-gas emissions is to do something about the weather. This promises to be hard and perhaps futile, but there are good and bad ways of attempting it. One of the bad ways is "cap and trade." Unfortunately,...

WASHINGTON - An unprecedentedly radical government grab for control of the American economy will be debated this week when the Senate considers saving the planet by means of a cap-and-trade system to ration carbon emissions. The plan is co-authored (with John Warner) by Joe Lieberman, an ardent supporter of John McCain, who supports Lieberman's legislation and recently spoke about "the central facts of rising temperatures, rising waters and all the endless troubles that global warming will bring." Speaking of endless troubles, "cap-and-trade" comes cloaked in reassuring rhetoric about the government merely creating a market, but government actually would create a...

Some facts on climate legislationPublished on Sunday, Jun 01, 2008 Here are questions about the Lieberman-Warner Climate Security Act that the Senate is to begin debating this week: Q: What is it? A: The bill by Sens. Joseph Lieberman, I-Conn., and John Warner, R-Va., would create a ''cap-and-trade'' program designed to reduce environmentally harmful carbon dioxide emissions by power companies, big manufacturers, refineries and other businesses. Q: How would it work? A: Affected companies would be forced to meet new limits — the ''cap'' part — on their emissions. They would have to reduce emissions by about 2 percent each...

If there indeed is a second Great Depression to come, this will be the government measure that guarantees it arrives with a devastating gut punch. The U.S. Senate returns to session this week and will take up something deceptively labeled "America's Climate Security Act of 2008." It's a bill designed to combat man-made global warming. But anybody with a brain should be able to understand that the only thing this bill would "secure" would be our national demise. Not only is it one of those sadly classic bureaucratic "solutions" in search of a problem, it is a sad exercise...

May 28, 2008 Posted By Marc Morano – 3:33 PM EST – Marc_Morano@EPW.Senate.Gov New York Times Makes Factual Blunder Paper erroneously claims Senate last voted on global warming bill in 2003 A New York Times editorial today arguing in favor of the Senate’s upcoming mandatory global warming cap-and-trade legislation committed a blatant factual error. The May 28 Times editorial incorrectly claimed, “The Senate last addressed climate change in 2003 when it cast 43 votes in favor of a bill sponsored by Mr. McCain and Mr. Lieberman.” (LINK) In their apparently hasty Google search of Senate history, the editors at the...

An influential coalition of Fortune 500 companies and environmental groups that was formed to support climate-change legislation has splintered over the Lieberman-Warner bill that is headed next week to the Senate floor. The U.S. Climate Action Partnership formed last year won't take a position on the bill, although nine of its members - including General Electric (GE, Fortune 500), Alcoa (AA, Fortune 500) and four utility companies - signed a letter to senators backing the legislation. The letter, also signed by big environmental groups and obtained by Fortune, says: "Prompt action on climate change is essential to protect America's economy,...

On June 2, the United States Senate will begin debate on America's Climate Security Act (S. 2191), sponsored by Senators Joseph Lieberman (I-CT) and John Warner (R-VA). The Lieberman-Warner bill (LW) would restrict energy use to combat global warming. Like global warming itself, the bill has been the subject of considerable hype and little hard-nosed analysis. For this reason, there are several myths about it that need to be dispelled.Myth #1: LW would not be expensive.Fact: Simply put, LW works like a massive energy tax. By restricting carbon dioxide emissions from coal, oil, and natural gas--with a freeze at...

Climate Bill Underlines Obstacles to Capping Greenhouse GasesBy Juliet Eilperin and Steven Mufson Washington Post Staff Writers Sunday, June 1, 2008; Page A12 When the Senate takes up landmark climate legislation this week, its backers can be sure of just one thing: The obstacles they face show how hard it will be to enact a meaningful cap on greenhouse gases -- probably under the next administration. The next administration, not this one, because even supporters of the complex, extensively negotiated 494-page bill say that there is little chance that it will win Senate approval, less chance that the House will...

Presidential Candidates May Miss Climate Vote Sen. John McCain walked through the wilderness that surrounds Chester Morse Lake with state and local officials North Bend, Wash., May 13, 2008, to call attention to his climate change agenda. (Associated Press)Updated 6:48 p.m.By Juliet EilperinLOS ANGELES -- While the three remaining presidential candidates have touted climate change as a central theme in their campaigns, all of them may miss next week's critical vote when the Senate considers a landmark bill imposing mandatory limits on greenhouse gases. With the debate set to begin Monday, Sen. John McCain (R-Ariz.) will miss the entire...

Introduction and summaryThe United States Senate will soon begin debate on America's Climate Security Act of 2007, popularly referred to as the Lieberman-Warner bill after its chief sponsors, Senators Joseph Lieberman (I-CT) and John Warner (R-VA).The legislation ostensibly is intended to cut U.S. industrial emissions of greenhouse gases in an effort to reduce the risk of catastrophic global warming.  Senator Lieberman has estimated the bill would reduce overall U.S. greenhouse gas emissions by up to 63% by 2050.1  The policies the legislation would impose, however, have little hope of meeting this target and would likely have little impact on...

The Economics of America’s Climate Security Act of 2007S.2191, Lieberman-Warner Climate Bill White Paper   Senator James M. InhofeRanking MemberUnited States Senate Committee onEnvironment and Public WorksMay 2008 National EconomyFamiliesPoorest Bear the Biggest Costs of Lieberman-WarnerIntroductionThe issue of climate change is now at the forefront of American environmental policy.  While the science behind the causes of recent warming trends has been argued vigorously in the past, the debate over the economic costs of addressing this issue has been relatively quiet until now.  However, on this issue there is little to debate at all. Leaders from both sides of the...

Global Warming Follies by: Emily Ham, May 28, 2008 When it comes to the issue of global warming, it seems that there are three different types of people in the world: those who want to do something to put an end to it, those who don’t believe in it at all and those who really don’t care what happens. But what do you get when a country’s government finds itself in the process of passing legislation on a topic recent studies have proven to be a myth? One in the U.S. Senate, the Lieberman-Warner Climate Security Act, and the Boxer...

The global warming debate arrives in the Senate next week, and it's about time. Finally, the Members will have to vote on something real, as opposed to their buck-passing to courts and regulators, and their easy trashing of President Bush. The vehicle is a bill that principal sponsors Joe Lieberman and John Warner are calling "landmark legislation." They're too modest. Warner-Lieberman would impose the most extensive government reorganization of the American economy since the 1930s. Thankfully, the American system makes it hard for colossal tax and regulatory burdens to foxtrot into law without scrutiny. So we hope our politicians will...

The ACCF/NAM study on Virginia Economic Impact on the State from the Lieberman-Warner Proposed Legislation to Reduce Greenhouse Gas Emissions Costs and Topics covered: Impact on Jobs Under L/W, Impact on Disposable Household Income L/W’s Impact on Energy Prices Factors Contributing to Higher Electricity Impact on Economic Growth Impact on Low Income Families Factors Contributing to Higher Electricity Prices Impact on Economic Growth Impact on Industry Impact on Low Income Families Understanding the economic impacts of the Lieberman- Warner Climate Security Act1 (L/W bill) can help guide choices on climate change policy(2) In this study, the L/W bill was analyzed...

Hampton,Va.(HFR:WASHINGTON) A conservative, free-market advocacy group will begin airing ads this week pressing Senate Republicans and Democrats to vote against a bill that aims to reduce greenhouse gas emissions. The Club for Growth wants to scuttle a bill by Sens. Joe Lieberman, an independent from Connecticut, and John Warner, R-Va., that the Senate is scheduled to begin debating next month. Despite the ad campaign, the bill seems to lack the votes needed to overcome a filibuster. With $250,000 in radio and television spots, the Club for Growth is targeting Republican Sens. Elizabeth Dole of North Carolina and Lamar Alexander...

Robert B. Bluey is director of the Center for Media & Public Policy at The Heritage Foundation and maintains a blog at RobertBluey.com Exactly one year after angering conservatives with an amnesty bill for illegal aliens, Sen. John McCain managed to fire up the right again last week—only this time he’s proposing a massive plan to combat global warming that would have severe consequences for the U.S. economy. During a West Coast trip to Oregon and Washington state, McCain outlined his global warming strategy, which in many ways resembles legislation offered by Senators Joe Lieberman (I-Conn.) and John Warner (R-Va.)....

If the ‘progressives’ get their way on reducing greenhouse gas emissions, it will be ordinary Americans who suffer, says John Entine Let’s call it the black box syndrome: making revolutionary changes or new products without any real handle on what has actually been created or the potential impact. No-one really knew what the risks were when the wizards of Wall Street launched the inscrutable credit products that led to the current financial bubble that is now imploding, rocking the world economy. Now we have something akin to that bubble building in the environmental arena, in the inflated rhetoric on...

Pending American Crises by: Bethany Stotts, May 08, 2008 Electricity prices increase between 35% and 65%. 1.2 million to 2.3 million American jobs are lost. Household revenues decrease as much as $1,300. No, these are not the effects of an American recession—they are an act of Congress. The Lieberman-Warner bill, also known as America’s Climate Security Act of 2007, proposes an aggressive cap-and-trade scheme for American businesses and will cost the federal government an additional $3.17 billion by 2015. According to the Congressional Budget Office, the bill will also impose an annual mandate of $90 billion on carbon-emitting private...

BISMARCK — The North Dakota Public Service Commission got a walk-through Wednesday of the congressional bill that would create a “cap and trade” system to reduce greenhouse gas emissions in the U.S. Some don’t like what they’ve learned. It’s the Lieberman-Warner bill, which is expected to be debated in the Senate in June. It would set up a system in which coal-fired plants, farms, industrial processors, manufacturers, utility companies and others will be issued a set number of allowances which will then be decreased over the next few decades to match the decrease in their emissions, until 2031, when their...

Thursday, November 1, 2007 Posted By Marc Morano - Marc_Morano@epw.senate.gov - 5:47 PM ET Weblink to Blog: Climate Bill Will Cost ?Hundreds of Billions of Dollars' - Lieberman Concedes The Lieberman-Warner global warming cap-and-trade bill (S2191) would cost "hundreds of billions of dollars" to the electrical and industrial sectors of the economy, Senator Joseph Lieberman (I-CT) conceded today. Senator Lieberman made the remarks during today's Environment & Public Works (EPW) subcommittee markup on the bill. "It's hard to imagine that [Lieberman-Warner] will not cost - over time -- these two sectors (electric power and industrial), hundreds of billions of dollars...

You didn’t have to be a rocket scientist in the 1990s to figure out that speculative investment in dot-coms with no revenues would be disastrous. The same goes for lenders giving mortgages to borrowers with no jobs, no incomes and no assets. So after surviving the tech bubble and while trying to extricate the economy from the housing bubble, why are we bent on heading into the global warming bubble? Just this week the Environmental Protection Agency issued its economic analysis of the Lieberman-Warner global warming bill that is being considered by the Senate. The EPA projects that if the...

March 12, 2008 Posted by Marc Morano – 4:43 PM ET – Marc_Morano@EPW.Senate.Gov Boxer Waves White Flag on Lieberman-Warner Climate Bill Washington DC - Environment and Public Works Committee Chair Barbara Boxer conceded today that the Lieberman-Warner global warming cap-and-trade bill would be pulled if “weakening amendments” are added during the scheduled June 2008 floor debate. Boxer’s pledge today appeared to signal the 2008 exit strategy for pulling the Lieberman-Warner bill (America's Climate Security Act - S2191.) Greenwire reporter Darren Samuelsohn described Boxer as “pledging to punt the issue into 2009 if any amendments get added that weaken the legislation.”...

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...