Cap and trade and other ecology myths
I, like many others, have been listening to both sides of the fence on the global warming issue.
I must admit the science seems a little skewed depending on which side you are listening to and I am not sure just how much we humans are affecting the climate.
I am not sure that we even have the ability to affect something as large as the climate for that matter.
I am sure however that the plan put together by Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) proposing another global warming bill in the failed traditions of McCain-Lieberman, Lieberman-Warner, Dingell-Boucher and others will have little impact on world temperatures.
It will however create a massive energy tax in disguise that promises job losses, income cuts and a sharp left turn toward big government.
I read a recent paper The Economic Impact of Waxman Markey by William W. Beach, David Kreutzer, Ph.D., Karen Campbell, Ph.D. and Ben Lieberman which was quite an eye opener.
The statistical information is available online at the Heritage Foundation, web memo 2438.
Basically the bill would allow people to continue polluting the environment, but make them pay for their excesses in greenhouse gases, auto fuel usage, electricity consumption at your home, etc.
The result is government-set caps on energy use that damage the economy and hobble growth—the very growth that supports investment and innovation.
According to the memo, the original draft bill discloses a basic two-pronged approach to cutting greenhouse gas emissions. The first is a set of mandates forcing efficiencies independent of any cost-benefit calculations on the part of industry or consumers. These mandates include a requirement for low-carbon motor fuels and a tenfold increase in the production of electricity from renewable sources.
The second prong is cap and trade.
With cap and trade, absolute limits on total emissions of greenhouse gases are established. Before those in a covered sector can emit a greenhouse gas, they need to have the ration coupons (also known as pollution permits or allowances) for each ton emitted.
Because the ration coupons will have a value, and therefore a cost, cap and trade becomes a tax on fossil fuels and the energy they generate.
What would be the result?
According to the Heritage Foundations Analysis, Waxman-Markey will cause higher energy costs to spread throughout the economy as producers everywhere try to cover their higher production costs by raising their product prices.
Consumers will be most directly affected by rising energy bills.
Even after adjusting for inflation, gasoline prices will rise 74 percent over the 2035 baseline price. Compared to the baseline, residential natural gas consumers will see their inflation-adjusted price rise by 55 percent.
Because of its reliance on coal, the cost of electricity will rise by 90 percent—again after adjusting for inflation and in addition to what the price would have been anyway in 2035.
As President Obama pointed out, cap and trade can work only when energy prices "skyrocket." To force consumer-energy cutbacks, the prices need to rise to painful levels. The analysis shows the results of this strategy. By 2035:
* The typical family of four will see its direct energy costs rise by over $1,500 per year.
* Pain at the electric meter causes consumers to reduce electricity consumption by 36 percent. Even with this cutback, the electric bill for a family of four will be $754 more that year and $12,933 more in total from 2012 to 2035.
* The higher gasoline prices will have forced households to cut consumption by 15 percent, but a family of four will still pay $596 more that year and $8,000 more between 2012 and 2035.
* In total, for the years 2012-2035, a family of four will see its direct energy costs rise by over $24,000.
These inflation-adjusted numbers do not include the indirect energy costs consumers will pay as producers are forced to raise the price of their products to reflect the higher costs of production.
Nor does the $24,000 include the higher expenditure for such things as more energy-efficient cars and appliances or the disutility of driving smaller, less safe vehicles or the discomfort of using less heating and cooling.
* As the economy adjusts to shrinking GDP and rising energy prices, employment takes a big hit.
On average, employment is lower by 844,000 jobs.
In some years cap and trade reduces employment by more than 1.9 million jobs.
* The negative economic impacts accumulate, and the national debt is no exception. Waxman-Markey drives up the national debt 29 percent by 2035.
This is 29 percent above what it would be without the legislation and represents an additional $33,400 per person, or more than $133,000 for a family of four.
To reiterate, these burdens come after adjusting for inflation and are in addition to the $450,000 per family of federal debt that will accrue over this period even without cap and trade.
The interesting part came near the end of the paper. It sort of snuck up on me and I had to go back and read it again.
Basically it stated that even though all these restrictions were going to be placed on everyone and even after the citizens are taxed into bankruptcy trying to lower their electric bills and driving unsafe cars called hybrids, or whatever, even after all that they predicted it would only lower the global temperature by hundredths of a degree by the year 2050 and no more than two-tenths of a degree by the end of the century.
Did you get that?
In reality such low numbers are most likely within normal variances of typical temperature degree changes and have nothing to do with any of the measures demanded in the bill.
This is junk science created for the benefit of special interest groups in an effort to generate more wealth for a favored few.
There is no benefit to America or Americans in this bill or any other like it.
This is simply a way for the liberal left to force its way into our pocketbooks for the benefit of a small number of the ultrarich.
This drives me nuts.
When we will we see a return to sanity?
When will our elected officials once again stand for what is good for America and not what is good for their party, or their re-election?
What does the country gain when our elected representatives place their party loyalty above loyalty to our country?
Too long we have suffered under the yoke of false promises, self interest, and party fanaticism.
We must have a return to sanity in our government.
The path this administration has chosen is reckless at best and threatens the very future of our nation.
We must recognize what is happening today, and remember it at the polls tomorrow. I have had enough of the junk science, double speak and mumbo-jumbo.
Lets try to find someone with a little common sense for the job; someone with the backbone to stand up for his country and his countrymen; and someone who is willing to take the hard road when it comes to standing up for what is right for America and Americans.
We are obviously going to have to fight to take our country back from the liberals, and those of their ilk, who have invaded our schools, businesses, churches, and government.
When we have a speaker of the house lying about her involvement in CIA briefings we have a problem.
When the President of the United States can exercise an improper use of executive power to abrogate the rights of private business owners we have a problem.
When our Nation feels it is necessary to parse their words so they are politically correct, we have a problem.
I for one am done worrying about whether my comments might offend someone on the left.
At this point I could care less about what the liberals or the democrats think.
I will not stand by quietly while insanity runs rampant through the branches of our government.
I choose to exercise my 1st Amendment Right to Free Speech, and again, the Liberals and the left be dammed.
If ever we needed a time for God to bless America, it is now. I just hope he still holds favor over our great Nation as he has in the past and is willing to forgive us for allowing Washington D.C. to become a modern Sodom and Gomorrah that puts Las Vegas to shame.
We need to be proactive here, and prayer is a good a place to start as any. Pray for our Nation, and vote your conscience at the polls.