Posted on 06/02/2008 8:03:10 PM PDT by EPW Comm Team
http://epw.senate.gov/public/index.cfm?FuseAction=Minority.Blogs&ContentRecord_id=4baad06a-802a-23ad-42d7-350ee0918ec4&Issue_id=
Posted By Marc Morano ? 6:09 PM ET ? Marc_Morano@EPW.Senate.Gov
Boxer Claims Recession is Best Time to Raise Energy Costs
Read More About the Impacts of Lieberman-Warner: www.epw.senate.gov/lieberman-warnerbillexposed
Senator Barbara Boxer (D-CA), the chairman of the Environment & Public Works Committee, declared in her opening floor speech today that a ?recession is the precise time to" enact the Lieberman-Warner global warming cap-and-trade bill because it ?brings us hope.?
The Lieberman-Warner global warming bill would have many consequences, but ?hope? is not among them. The Cleveland Plain Dealer editorialized on June 1, that the bill "will just bore new holes into an already battered economy." American workers, already suffering from a weakening economy, skyrocketing home energy, and gas prices would face more economic pain under the bill. With average gas prices across the country approaching or at $4 a gallon, the Senate?s global warming ?de-stimulus? bill will further drive up the cost at the pump.
Despite these economic woes, Senator Boxer claimed that now is the ?precise time? to pass a bill that will raise energy prices. ?Why do this [the Lieberman-Warner bill] now? We?re in a recession. Precisely because we?re in a recession is why we should be doing this. This bill is the first thing that brings us hope,? Senator Boxer said during her opening remarks on the Senate floor today.
Here is a sampling of economic government and private economic analyses of the impact of Boxer?s Climate Tax Bill: (LINK )
- Various analyses show that Lieberman-Warner would result in higher prices at the gas pump, between 41 cents and $1 per gallon by 2030.
- The bill would represent the largest tax increase in U.S. history. (LINK )
- The bill would be the biggest pork bill ever contemplated with trillions of dollars in giveaways.
- Science Applications International Corporation SAIC shows that up to 4 million jobs will be lost by 2030 in the U.S. (LINK )
- Manufacturing jobs will be one of the hardest hit sectors as the Energy Information Administration (EIA) projects that manufacturing output will decline by up to 9.5% in 2030. This country has already lost 19% of its manufacturing since 2000. (LINK )
- EIA estimates that this bill will result in the loss of nearly 300,000 U.S. jobs by 2020.
- The Congressional Budget Office (CBO) estimates that ?most of that cost would ultimately be passed on to consumers.? (LINK )
- CBO says Lieberman-Warner would effectively raise taxes on Americans by more than $1 trillion over the next 10 years. (LINK )
- Sen. George Voinovich (R-Ohio), warned last week that Lieberman-Warner ?could result in the most massive bureaucratic intrusion into the lives of Americans since the creation of the Internal Revenue Service.? (LINK )
- The bill would not have a detectable impact on the climate. According to the Environmental Protection Agency?s own analysis, by 2050 Lieberman-Warner would only lower global CO2 concentrations by less than 1.4% without additional international action.
- The Wall Street Journal calls it "the most extensive government reorganization of the American economy since the 1930s." (LINK )
- The bill would hinder U.S. competitiveness. It will transfer American jobs overseas where environmental regulations are much more lenient.
# Senator Inhofe said on April 20, 2008: ?Only in Washington could higher energy prices be characterized as not negatively impacting the U.S. economy. If Democrats have their way, Americans will pay significantly more at the pump, in their homes, and in many cases, with their jobs, all to accomplish an undetectable impact on the climate. The question now is which U.S. Senator will dare to stand on the Senate Floor a month from now to vote in favor of significantly increasing the price of gas at the pump??
# #
What an extremist moron! Even Arnold Schwarzenegger is perferable to this anti-economy Marxist.
In a sane and logical world, Barbara Boxer would have risen no higher than assistant fitter at a discount brassiere shop in Queens.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Democrats like Boxer do not understand the economy, cause and effect, or the real issues involved with so-called global warming. They don’t understand the concept of a cost/benefit analysis; i.e. even if you think we should enact policies from the global warming agenda, the costs and benefits of those policies need to be weighed so that the cure doesn’t become worse than the disease.
There’s a lack of common sense among some politicians.
So Boxer wants to freeze poor people to save the planet?
Has she ever had a class in Economics 101?
HTML formatting is your friend.
Like I said on an earlier thread, if Barbie Boxer Shorts tells you Sumpthin’ is GOOD for you...
RUN FOR THE HILLS!!
* Cease all ethanol production. It takes away from food production and the unintended consequence is higher food costs. As diesel prices go up, the cost of farming tips the balance of cost to make ethanol a bad idea. Just say "no" to ethanol! Even Jimmy Carter says that diverting farm production from food to fuel is dumb – even HE gets it.
* Immediately create only ONE "blend" of gasoline and cease regional "boutique" blends which are stupid, costly, and meaningless. Even if this is the "cleanest" blend, just make it ONE and be done with it. Trucking custom blends around the country is wasteful.
* Lift the restrictions in order to drill for oil in Alaska, Gulf of Mexico, and other sites in the CONUS as a matter of national security.
* Encourage the petro industry to construct state-of-the-art refineries and/or retrofit current and dormant ones and crank up production for our newly-accessed oil in the CONUS.
* Make all “carbon credit” scams unlawful. Discrediting Algore should have been a slam-dunk a long time ago. Stop electing Reps who buy into the Global Warming / Global Cooling / Climate Change Hoax. CO2 is not our enemy!
* Construct SEVERAL, regional Pebble-Bed Modular Reactors (or other similar modern designs) that are not considered "breeders", are rechargeable, and cleaner than any current nuclear generator design. Breeders are OK, but PBMR's are better. NO SOMETHING NUCLEAR to resolve energy problems.
* Use the residual heat from the reactors above to process motor fuel from coal and/or shale. Even though Clinton "stole" some of the best coal reserves, we still have a lot to use.
* Become independent enough to make the cartels (i.e. OPEC) inconsequential.
* Convince local taxing bodies to lift or cap the sales tax on gasoline so that as gas prices go up, the local tax collectors don’t see a windfall revenue jump at the expense of the consumer. The Federal government could compel the states (and locals) to cap the fuel taxes.
If you squint real hard, and read between the lines, the ‘manifesto’ will require the dismissal of all RINOs and LibDems and the election of some clear-minded conservatives to even consider any of the above.
Barbara “Check Bouncer” Boxer has never known a recession since being in Congress. The best years were those years when taxpayers subsidized the House Bank — what a deal! (For her.)
She was probably in the class but was/is too dumb to understand!
You underestimate Ah-nold. At least she has the intellectual (*snicker*) honesty to be in the right party for a moonbat. Ah-nold should make it official and join her.
Boxer has a razor-sharp intellect.
One of the Top 10 Stupidest Senators.
Would you please run for office. You have the key to our salvation!
AMEN to that!
she’s rich man’s bimbo
and doesn’t belong in the u.s. senate.
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