Posted on 11/08/2012 6:19:11 PM PST by jazusamo
Green agenda threatens economic future
When American voters re-elected President Obama, they also returned his Environmental Protection Agency (EPA), Interior and Energy departments and wide-ranging agenda for fundamentally transforming our nation.
This will mean cementing Obamacare, Dodd-Frank, higher taxes and rampant spending. It also will bring more disputes over energy and environmental regulations, the vanguard of Mr. Obamas determined campaign to eliminate hydrocarbons that power our economy and to embrace more green energy. The conflict will be fought primarily on six battlegrounds:
Carbon taxes: Hurricane Sandy presented a fresh pretext for regulating and taxing hydrocarbons. No respectable climatologist or meteorologist believes atmospheric carbon dioxide conjured up the destructive storm, but climate alarmism always has been about political science, not real science.
Democratic Rep. Jim McDermotts Managed Carbon Price Act imputes a cost for CO2 emissions and compels energy producers and users to buy carbon permits. The president is considering a direct carbon tax that he says will raise billions of dollars annually and reduce deficits. Both ought to be dead on arrival in the House. Another pointless round of United Nations-sponsored climate treaty discussions will take place soon in Doha, Qatar.
The real threat is EPA regulations limiting CO2 from power plants and other sources by executive fiat.
With China, India and other developing countries massively increasing their greenhouse gas emissions, none of these proposals would reduce atmospheric CO2 levels. They would, however, put government in charge of our entire economy, sharply increase energy prices for every business and household, kill millions of jobs, ensure that new tax revenues never materialize, and hurt poor families most.
(Excerpt) Read more at washingtontimes.com ...
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