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.
[ad] Empty ad slot (#1)!
That is if we’re committed to using science as the basis for our determination of whether or not the House or Senate versions of cap-and-trade are needed. And, as we’ve been pointing out for the last couple of weeks, the science of AGW is shaky at best and continuing to come apart at the seams.
But that hasn’t stopped ye olde sausage factory in the Senate from grinding out another version of CO2 emissions control. The Boxer-Kerry (BK) cap-and-trade bill has emerged with even more stringent caps on CO2 than the Waxman-Markey (WM) bill. BK calls for a 20% overall reduction of 2005 levels by 2020 (17% in WM) and 83% by 2050.
You can get an idea of how BK plans on administering the carbon offset market here. But, like WM, it targets those industries which fuel and power the nation (although unlike WM, it does give a nod to nuclear power and “clean” coal). However there is evidence that the administration is trying to hide the real impact of such legislation from the American people:
Meanwhile, the Competitive Enterprise Institute (CEI) today accused the Treasury Department of continuing to hide information on the cost of climate legislation. In a news release, CEI said it had notified the Treasury Department of its intent to sue over the administration’s “inadequate disclosure of documents” recently requested under the Freedom of Information Act.
Documents released by the Treasury Department two weeks ago show the administration believed climate legislation could cost as much as $300 billion per year, which was much higher than the government’s public estimates, and could result in companies moving overseas. Studies have shown that the Waxman-Markey bill could eliminate 2 million American jobs a year.
2 million jobs a year? See the post below. Add the cost of 300 billion a year and then try to imagine a manufacturer that is a heavy user of energy trying to justify staying here instead of going somewhere else where not only energy, but labor, are cheaper than here.
Thus far BK has about 45 Senators who’ve signed on. Kerry is giddy (this would most likely be his first substantial accomplishment during his Senatorial tenure and naturally it would do more harm than good) saying he thinks the bill has a good shot of passing. But a senior Republican says he knows of no Republicans who would support the bill as written.
Senator Lamar Alexander seems to represent the prevailing thinking of the Senate’s Republicans:
“The Kerry-Boxer bill has fancy, complicated words that add up to high energy costs that will drive U.S. jobs overseas looking for cheap energy,” said Lamar Alexander of Tennessee.
But John Kerry see’s it differently:
Kerry said the event was the “beginning of one of the most important battles we will ever face as legislators and citizens.”
For once, Kerry is right about something, but not for the reason he believes. It is the beginning of one of the most important battle we well ever face and the importance lies in the fact that if passed, this legislation will kill jobs, push companies out of the US and drive our economy off the cliff. That makes it very important in my book. And with Copenhagen’s climate talks coming up in December, Democrats are going to try to push this turkey through so President Obama doesn’t show up empty handed.
The short term goal should be to ensure he does show up empty handed and the long term goal should be to defeat this outright. It’s based on shaky science, it is an economy killer and it will cost us far more than it will ever accomplish in terms of the environment. A much more sensible course would be a comprehensive energy policy which begins to use nuclear power and natural gas as the basis of a transition to clean energy with viable renewable brought on line as they become available while continuing to use and exploit the resources we have available.
Instead we’re being threatened with legislation that’s real purpose is to create a multi-billion dollar revenue stream out of thin air which will cost us jobs, income and our standard of living.
UPDATE: Speaking of Copenhagen and the desire to show up at the climate conference with something positive, it appears that the Obama administration has decided it will act unilaterally instead of wait on Congress.
Unwilling to wait for Congress to act, the Obama administration announced on Wednesday that it was moving forward on new rules to regulate greenhouse gas emissions from hundreds of power plants and large industrial facilities.
But he has authorized the Environmental Protection Agency to begin moving toward regulation, which could goad lawmakers into reaching an agreement. It could also provide evidence of the United States’ seriousness as negotiators prepare for United Nations talks in Copenhagen in December intended to produce an international agreement to combat global warming.
“We are not going to continue with business as usual,” Lisa P. Jackson, the E.P.A. administrator, said Wednesday in a conference call with reporters. “We have the tools and the technology to move forward today, and we are using them.”
The proposed rules, which could take effect as early as 2011, would place the greatest burden on 400 power plants, new ones and those undergoing substantial renovation, by requiring them to prove that they have applied the best available technology to reduce emissions or face penalties.
Phaaa, Congress … who need’s them?
[ad] Empty ad slot (#1)!
Last week I pointed to the fact that the “scientist” who provided much of the basis for the AGW crowd’s alarmist appeal (as incorporated in the UN’s 2007 IPCC report) refused to provide the original data on which that model was based to peers. He later claimed that the original data had been lost because it was unable to be transferred to newer data storage (an unmitigated crock). IOW, peers can’t review his data and check out his theory to ensure what he’s theorizing has a valid basis in fact. That’s a cardinal sin in real science circles.
And now, in less than a week, a second cardinal sin is uncovered. That of cherry-picking data. In the cross-hairs is Keith Briffa. Steve McIntyre explains the problem:
The Briffa temperature graphs have been widely cited as evidence by the IPCC, yet it appears they were based on a very carefully selected set of data, so select, that the shape of the graph would have been totally transformed if the rest of the data had been included.
In fact, as with Phil Jones who I reported about last week, Briffa refused repeated requests for his original data (from tree rings). And it was the Briffa graphs which were used to support the contention that the “hockey stick” was valid.
When others finally got a hold of all the data and graphed it out, their findings were quite different than Briffa’s:
And, of course, when they were merged they told quite a different story than was Briffa and the IPCC:
My, what a difference using all the data makes, no?
Steve McIntyre and Anthony Watts have all the gory details, but as one commenter on Watt’s site says:
Coming just after the “lost” data from the Hadley Centre by Phil Jones, this is beginning to look more than just carelessness.
I call it the “great unraveling”. The hoax is coming unglued. And this shameful conduct will set real science back 100 years.
The question is, will the politicians see it before it is too late? Will the administration which promised that science would again take the forefront actually keep its word and ensure that happens? Methinks we’re going to find out that a political agenda and ideology are much more powerful than science. Science, quite honestly, is only useful to politicians – any politician – as long as it advances their agenda. If it doesn’t then the politician will claim it to be false science – regardless of how overwhelming the evidence is to the contrary.
[ad] Empty ad slot (#1)!
This story slipped quietly under the radar last week as we had the UN speech, the Iran revelation and the G20.
An examination of the Waxman-Markey cap-and-trade legislation finds it contains 397 new regulations and 1,100 new mandates. And you’ll be pleased to know it will simplify your life, make child birth pleasant and cost you nothing.
But you can rest assured there is most likely something for everyone because this isn’t just about controlling CO2 emissions. This is about more control of your life via the radical green agenda.
Take homeowners for instance. If you thought selling your house was a pain in the kiester before, Mr. Waxman and Mr. Markey can’t wait to make it even more fun for you:
One of them would affect almost everyone who buys or sells a home. If Waxman-Markey becomes law, homes for sale that qualify as “federally related transactions” — which is almost all of them — would be required to undergo an environmental inspection.
Inspections are not free. Nor is fixing the inevitable violations. Compliance with new energy-efficiency standards would make homes, especially older ones, more expensive. Selling one’s home would become even harder than it already is in this down market if Waxman-Markey-style cap and trade becomes law.
And that is just one of the unintended consequences.
Suppose you have a window that isn’t quite airtight or your appliances are a little too old. Maybe they’re not Energy Star certified. You’d have to replace them before you would be allowed to sell your home.
Suppose you wanted to sell your house “as is” and let the person who buys it fix it up, for a suitable discount of course.
That is no longer a choice you’ll have. The buyer and seller wouldn’t be allowed to make that decision anymore. The party that continuously claims that “choice” is important to them apparently believe that particular choice is one neither the buyer or seller should have. The transaction is subject to the regulations of Mr. Waxman and Mr. Markey’s bill and you’ll not sell anything government inspectors haven’t deemed “green” enough to sell and certified as such.
Nothing, of course, could go wrong with that, could it? And of course, the article deals with just one of the unintended consequences. Let me again point out that it includes 397 new regulations – that means there’s at least one unintended consequence for each of them (and possibly more) and it will most likely be a nasty surprise.
In fact, take a good look at what could be more of the unintended consequences from just the regulation requiring home inspections:
To sum up: Inspecting homes for sale for their environmental friendliness would raise home prices. Buying or selling a home would become an even more onerous process than it already is. And there’s an easy way to dodge the bullet: Rent instead of own. If enough people did that, the inspection requirement would fail to achieve its goal of making homes more energy efficient.
And that in the face of and in conflict with policy which seeks to increase home ownership.
When regulation becomes too arduous, what do people normally do? Adjust, avoid and do what is easier and cheaper.
Is there any reason, depending on what the other 396 regulations contain, that the same won’t happen with them?
This is where we’re headed – regulators literally telling you what trees to plant and how to plant them (that’s actually contained in the Waxman-Markey bill as pointed out in a previous post). Is this the government you want? Is this the level of government with which you’re comfortable?
If they can require you to plant your trees and fix up your home their way, what else might they figure they should have the power to do?
[ad] Empty ad slot (#1)!
That number doesn’t come from some opposition think tank or the CBO. According to CBS, that number is one calculated by the administration as the cost of Waxman-Markey:
The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.
A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.
Interestingly, the Heritage Foundation, a right-wing think tank, put the cost at $1,500 a few months ago and were slammed for using scare tactics to try to defeat the bill. Other estimates range as high as $3,100. Democrats have used $800 a year as their estimate based on a study by MIT’s John Reilly.
The FOIA’d document written by Judson Jaffe, who joined the Treasury Department’s Office of Environment and Energy in January 2009, says: “Given the administration’s proposal to auction all emission allowances, a cap-and-trade program could generate federal receipts on the order of $100 to $200 billion annually.” (Obviously, any final cap-and-trade system may be different from what Obama had proposed, and could yield higher or lower taxes.)
Because personal income tax revenues bring in around $1.37 trillion a year, a $200 billion additional tax would be the equivalent of a 15 percent increase a year. A $100 billion additional tax would represent a 7 or 8 percent increase a year.
Of course, whatever the cost, it will hit those who can least afford it the hardest. What will that mean? Well, if history is any indication, it means a certain percentage of the population will be subsidized by another percentage of the population. Whether in the form of tax credits (unlikely, since the segment of the population likely to need help probably doesn’t pay taxes anyway) or direct subsidization, it will end up as a giant, bureaucratic redistribution scheme riddled with fraud, waste and abuse. For some families the cost will be close to zero. For others it will be well above $1,726 per family when they pay for those subsidies in other taxes.
And Jimmy Carter doesn’t yet understand why people are angry? Buy a clue, Mr. Carter.
[ad] Empty ad slot (#1)!
Cap-and-trade is only the beginning. France is mulling a CO2 tax on its citizens:
The French government plans next year to begin making heavy users of household and transport fuels bear more of the tax burden. President Nicolas Sarkozy is expected to say in coming weeks that such a shift is necessary to nudge French citizens toward cleaner alternatives.
The tax would reportedly start at about 14 euros (or $20) for each ton of CO2 emitted, and could rise to levels of around 100 euros ($143) for each ton by 2030. That could mean substantial increases in the price of gasoline and diesel, as well as a sizable jump in the cost of keeping homes warm.
Nudge French citizens? What is government doing nudging its citizens toward anything to do with their energy usage? Quite simply government, at least in France, has decided that citizens must conform to its priorities (proven or unproven) and thus uses its power to tax to “nudge” people into the behavior it prefers?
Is that a proper function of government? Only if you believe government is infallible and should be the arbiter of what constitutes the “proper” way of living. Trust me, such a belief has absolutely nothing to do with freedom, choice or liberty.
But skeptics say the idea may have less to do with clean energy, and more to do with a desire on the part of Mr. Sarkozy’s government to find new ways to keep the national debt in check.
Heh … the skeptics may be on to something. We have the same sort of problem in this country which is why I imply that cap-and-trade is only the beginning. Once implemented government will use the precedent (“we’re controlling industrial CO2 emission, now we need to control “private” CO2 emissions”) to tax citizens on their use. It’s all about revenue and this source is perfect – created, literally, out of thin air.
As usual, the socialists in France (and elsewhere) are without a clue:
In addition, members of the opposition Socialist party have slammed the plan, suggesting it would unfairly burden lower income citizens — particularly those who are obliged to use their cars.
Segolene Royal, a former presidential candidate, has instead called for direct taxes on gasoline and other energy companies.
Because everyone knows that a direct tax on “gasoline and other energy companies” would never be passed on to “lower income citizens” who are “obliged to use their cars” and “unfairly burden” them, would they?
Perhaps indicating why he has never been a politician, Van Jones lays a whopper on the American public (my emphasis):
A top environmental official of the Obama administration issued a statement Thursday apologizing for past incendiary statement and denying that he ever agreed with a 2004 petition on which his name appears, a petition calling for congressional hearings and an investigation by the New York Attorney General into “evidence that suggests high-level government officials may have deliberately allowed the September 11th attacks to occur.”
Van Jones, the Special Advisor for Green Jobs at the White House Council on Environmental Quality, is Number 46 of the petitioners from the so-called “Truther” movement which suggests that people in the administration of President George W. Bush “may indeed have deliberately allowed 9/11 to happen, perhaps as a pretext for war.”
In a statement issued Thursday evening Jones said of “the petition that was circulated today, I do not agree with this statement and it certainly does not reflect my views now or ever.”
He did not explain how his name came to be on the petition. A source said Jones did not carefully review the language in the petition before agreeing to add his name.
Jones’ statements are so laughable that one could be forgiven for thinking that this is a parody from The Onion (it’s not; I checked the URL … twice).
He and the Obama administration are really expecting us to believe that Jones didn’t know what he was signing? That just begs the question, what did he think it was? Why did Truther group come to him for a signature in the first place? What made them think he would sign it? Did they know of Jones’ apparent disdain for reading what he puts his name on and figure he would offer up his John Hancock without any issue? Or did they, being composed of several other statist weirdos (Cynthia McKinney, Howard Zinn), activists (Medea Benjamin and Jodie Evans of Code Pink), and radicals (Ed Asner, Ralph Nader), know full well that Jones would happily sign the petition because it fits in with his own radical views?
Don’t expect any answers to these questions to be forthcoming.
At this point, the White House isn’t answering any of these questions, but they will have a difficult time sticking with the “I didn’t read it” defense for very long. To be sure, lots of excuses will be offered up by the media in an attempt to provide cover for Obama’s administration, but this isn’t a story that can just go quietly away. They tried to do that with Rev. Wright, but the buzz from non-MSM sources kept it alive until Obama was forced to throw Wright under the bus (with his own grandma!). Expect the same here.
As Congress members slink back into Washington DC to get trauma treatment for their townhall wounds, a new Rasmussen poll indicates cap-and-trade legislation isn’t much more popular than health
care insurance reform.
The survey of 1,000 adults showed 35 percent of Americans favor the climate change bill, while 40 percent oppose it.
Nearly one adult in four — 24 percent — are not sure whether passage of the bill is a good idea — findings which reflect virtually the same results as in late June.
While that may not seem overwhelming, it changes dramatically when the question of cost to the person being polled is brought up:
On economic impact of the legislation, 56 percent said they are unwilling to pay more in taxes and utility costs to generate cleaner energy and fight global warming, the same number who expressed that opinion in June.
Another poll mirrored the results. Of those polled in a Washington Post/ABC poll 52% supported cap-and-trade legislation, until cost was introduced into the questioning:
When asked if a cap and trade program “significantly lowered greenhouse gases but raised your monthly electrical bill by 25 dollars a month” – then only 39 percent support cap and trade while 59 percent oppose it.
The Heritage Foundation modeled the current pending legislation and found that on average it would increase electricity prices by $32.67 a month. But that’s just part of it:
But that’s just one small chapter in the book on how an average family of four’s pocketbook would be hit. Cap and trade is a massive tax on energy across the board – so your electricity bills will rise and so will everything else – gasoline, natural gas, and home heating oil. Add it up and the family of four energy expenditures increase on average by $69 per month from 2012-2035. Because the carbon caps become more stringent in subsequent years, the costs are highest in 2035 at $103 per month in the form of direct higher energy prices.
And we’re still not done – also added into the mix are the indirect costs these price increases will bring:
The energy tax also hits producers. As the higher production costs ripple through the economy, the household pocketbooks get hit again and again when producers pass costs onto the consumers. If you look at the total energy tax from Waxman-Markey, it works out to an average of $2,979 annually from 2012-2035 for a household of four. By 2035 alone, the total cost is over $4,600.
Now that $32.65 a month for the family of four has grown to $248.25 brought on solely by the imposition of cap-and-trade. Add to that the cost of the proposed health
care insurance reform, the bailouts, the unstimulating “stimulus” and the pork laden emergency spending bill, plus a 10 year budget that puts us 9 trillion further in debt and you can begin to understand why the American people are angry and the clueless Congress and administration are seeking trauma care.
Like one woman said at one of the townhall meetings, echoing Adm. Yamamoto’s WWII quote, “I think you’ve awakened a sleeping giant”.
I certainly hope so. And if so, hopefully cap-and-trade will go the way of the Dodo bird, and become an extinct idea. Cap-and-trade is based on dubious and unsubstantiated science and it is obviously detrimental to the economic health of this nation. It should be abandoned immediately.
[ad] Empty ad slot (#1)!
Part of the reason is the financial situation and part of it is the new evidence that science is producing which is making Americans more skeptical about the AGW crowd’s claims.
Recent Gallup polls carry the news:
Here’s what Gallup found: The number of Americans who say the media have exaggerated global warming jumped to a record 41 percent in 2009, up from 35 percent a year ago. The most marked increase came among political independents, whose ranks of doubters swelled from 33 percent to 44 percent. Republican doubters grew from 59 percent to 66 percent, while Democratic skeptics stayed at around 20 percent.
What’s more, fewer Americans believe the effects of global warming have started to occur: 53 percent see signs of a hotter planet, down from 61 percent in 2008. Global warming placed last among eight environmental concerns Gallup asked respondents to rank, with water pollution landing the top spot.
Another recent Gallup study found that, for the first time in 25 years of polling, more Americans care about economic growth than the environment. Just 42 percent of people surveyed said the environment takes precedence over growth, while 51 percent asserted expansion carries more weight. That reverses results from 2008, when 49 percent of respondents said the environment was paramount and 42 percent said economic growth came first. In 1985, the poll’s first year, 61 percent placed a bigger priority on the environment, while 28 percent ranked economic growth highest.
Scientists have begun to push back against those who have been claiming “consensus” for so long. And, Americans are simply becoming more informed about the matter. Part of that is the effect of the new media which has broken the monopoly hold of the mass media’s ability to shape public opinion. As the poll points out, Americans increasingly think the media is exaggerating the problem. That skepticism has to be based in something, and the only media carrying the skeptical side of the argument is the new media.
Obviously, since the financial meltdown, priorities have also changed. While AGW was apparently never a high priority among environmental priorities, it is dead last now. That’s again because people are becoming more informed about the economic impact of the draconian legislative measures being touted as a solution. And as time goes by, and there is more of a focus put on cap-and-trade legislation, I expect the numbers in opposition to go up even further.
Naturally the opposition disagrees and cites polls from Pew and the National Wildlife Federation that they claim contradict Gallup (no date for those two polls is given). But as you recall, Rasmussen had a very recent poll which had similar results to the Gallup poll.
The radical agenda is in trouble, folks. Whether that means Democrats will “listen” as they claim they do, is another matter entirely. I fully expect them to attempt to ram both health care and cap-and-trade through. But that doesn’t mean we have to give them a pass if they do. Be your “un-American” best and tell them loudly and strongly that cap-and-trade is not a good thing for the US and is not something that should be passed while the science of AGW is decidedly unproven.
Again, what’s the freakin’ rush?
I have not posted much lately. Busy. Very busy. I don’t see how McQ does it. He’s a machine.
But I have been paying attention, and I must say Obama is as amusing during his first six months as I had hoped, and maybe more. Here’s a brief summary of where he’s at as far as I’m concerned, categorized into various types of success and failures on the political front.