Free Markets, Free People
Which lies? Well in this case I’m talking about the lie that cap-and-trade will be a green job bonanza and an overall job producer and that it will stimulate the economy. Not so says the CBO:
So, instead of stimulating economic growth, it will slow it and instead of creating net jobs, it will be a job killer. Tell me again how that’s a “good thing” in a recession?
A House-passed bill that targets climate change through a cap-and-trade system of pollution credits would slow the nation’s economic growth slightly over the next few decades and would create “significant” job losses fr-om fossil fuel industries as the country shifts to renewable energy, the head of the Congressional Budget Office told a Senate energy panel Wednesday.
CBO Director Douglas W. Elmendorf emphasized that his estimates contained significant uncertainties and “do not include any benefits from averting climate change,” but his message nevertheless contrasted sharply with those of President Obama and congressional Democratic leaders, who have suggested that a cap on carbon emissions would help revive the U.S. economy.
How much will it slow the economy? Elmendorf’s estimates:
Elmendorf testified before the Senate Energy and Natural Resources Committee that the cap-and-trade provisions of the House bill — in which emitters of greenhouse gases would be able to buy and sell pollution credits — would cut the nation’s gross domestic product by 0.25 to 0.75 percent in 2020 compared with “what it would otherwise have been,” and by 1 to 3.5 percent in 2050.
That in the face of growing skepticism over the science supporting the premise that a) man is causing the climate change problem and b) that man can actually “change” nature’s direction in that regard.
But that doesn’t matter. Reps Waxman and Markey have decided that it is necessary regardless of the science, cost or what you want. They have a planet to save you see and it’s all our fault we’re in the situation we’re in now:
“The harsh reality is that America’s global warming and energy challenges are just too important for us to keep mailing it in by not enacting a comprehensive energy and global warming bill.”
So they plan on passing this tax which will slow growth, increase joblessness and impact most those who can afford it the least. Why would they concern themselves with that when the possibility exists they might be able to save a couple of polar bears.
Congress’s approval ratings effectively reflect their priorities – and as you can tell, constituents have figured out their priorities have nothing to do with the needs of constituents or the nation.
We’ve talked about the effects that false self-esteem is likely to have on children raised to think every little thing they did, to include failure, was “awesome”. A couple of decades ago, some parents of the “me” generation adopted the false self-esteem nonsense Nathaniel Branden published in ‘The Psychology of Self-Esteem” (1969) which purported that the most important factor in raising a child was instilling a health sense of self-worth:
For decades afterward, children’s television shows reminded their young viewers that they were the most important people in the world. Teachers heaped praise upon even the most lackluster students, and little league coaches dispensed trophies to anyone who showed up to play. Criticism and competition became suspect.
That spawned the “all about me” generation. And that generation is now parents. As you might imagine, the way they were raised has had a less than desireable effect on how some of them approach the job of being a mom or dad. Christine Rosen has a long but fascinating article covering the topic. It’s worth the read and should stimulate some very interesting commentary.
Vladimir “Pooty Poot” Putin, with the opportunity to either back the words of Russia’s president that sometimes sanctions are just necessary or the Foreign Minister’s words of yesterday, chose to back the FM’s:
Russian Prime Minister Vladimir Putin warned major powers on Wednesday against intimidating Iran and said talk of sanctions against the Islamic Republic over its nuclear programme was “premature”.
Putin, who many diplomats, analysts, and Russian citizens believe is still Russia’s paramount leader despite stepping down as president last year, was speaking after U.S. Secretary of State Hillary Clinton visited Moscow for two days of talks.
“There is no need to frighten the Iranians,” Putin told reporters in Beijing after a meeting of the Shanghai Cooperation Organisation.
“We need to look for a compromise. If a compromise is not found, and the discussions end in a fiasco, then we will see.”
“And if now, before making any steps (towards holding talks) we start announcing some sanctions, then we won’t be creating favourable conditions for them (talks) to end positively. This is why it is premature to talk about this now.”
There’s more afoot here than just stiffing the US, although that seems to have become a bit of a game for the Russians lately. Iran is very important in the Russian scheme to have hegemony over its “near abroad”. It is interested in Iran, not because of its oil, but mostly because of its natural gas. Russia is the major supplier of NG to Europe. Iran is another potential source. Russia sees an advantage in exercising nominal control over Iran’s supply of NG by maintaining friendly relations. That control allows them to use the supply of NG as leverage. Power and money talk – “reset” buttons don’t.
Another little change in Russia’s approach to the world today is their possible change in their nuclear arms strategy:
Russia is weighing changes to its military doctrine that would allow for a “preventive” nuclear strike against its enemies — even those armed only with conventional weapons. The news comes just as American diplomats are trying to get Russia to cut down its nuclear stockpile, and put the squeeze on Iran’s suspect nuclear program.
Not exactly the position you’d like to see them take if you have a goal of reducing nuclear stockpiles. And note that Russia not only reserves the right to make a preemptive nuclear strike, but reserves that right to use nuclear weapons against a foe that is armed with conventional weapons only.
As for those talks, this seems to be the Russian negotiating position:
In the interview, he takes a swipe at the United States and NATO, saying that the alliance “continues to press for the admission of new members to NATO, the military activities of the bloc are intensifying, and U.S. strategic forces are conducting intensive exercises to improve the management of strategic nuclear weapons.”
In other words, Moscow is holding to a hard line, precisely at a time when Washington is trying to play nice. The administration wants the Kremlin’s help — to pressure Iran, to revive the arms-control process — but the bear still needs to brandish nukes.
Cutting through the clutter, it seems their initial demands will have little to do with nukes and everything to do with what they deem encroachments into their sphere of influence. That may lead to some talks about nuke stockpiles, but it appears those may end up aimed mostly at US reductions and not so much those of the Russians (who may claim to have unilaterally gotten rid of many nukes because they couldn’t afford to keep them up during the transition from the USSR to its present state).
In the meantime, it is reported that the US will allow Russian inspectors on US sites – apparently granted with absolutely nothing in return. Again.
If you have the feeling we’re going to get rolled in any future nuclear arms talks, join the club.