The CBO on Cap and Trade

The Provocateur ^ | 10/15/2009 | Mike Volpe

[fiscon1]

The CBO just scored the house version of cap and trade.

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 from 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.

[Tarpon]

And what might be the benefits of avoiding climate change(fraud)? Can I get a list?

Did the report say how much the CO2 levels would be lowered and what that would actually do? We need numbers from the now Obama-CBO.

[Nachum]

The list, ping

[WOBBLY BOB]

just bill it to our carbon credit card!

[FreeAtlanta]

Slight????? They have to be bumbling idiots or have caved to the left extremist. Imagine doubling or trippling the energy costs for your small and now struggling retail stores, manufactures, and other buisnesses? Heating and cooling costs money... drive it up and you are going to cost jobs and drive up the costs of goods.

What the @#!! is wrong with these people?

[scory]

Hussein has the example of Spain to look to for the consequences of pursuing an aggressive “green” agenda. Unemployment nearing 20% and deficits soaring. Not that he cares. High unemployment, soaring deficits and a bankrupt U.S.A. are the goals of this administration.