Beam Me to Planet Gore !
Posted on 08/14/2009 4:25:31 PM PDT by pissant
A new study of the potential impact of the climate-friendly Waxman-Markey (W/M) Bill on manufacturing, jobs, energy prices and overall economy concludes that its enactment would have strong negative consequences — including reducing economic growth by 2.4 percent and costing 2 million jobs by 2030, according to a report in The Hill.
The study sponsored by the National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) analyzes W/M under low- and high-cost cases with respect to a baseline that projects the future in the absence of the bill.
W/M sets targets that would reduce green house gases (GHG) emissions to 17 percent below 2005 levels by 2020; 42 percent below 2005 levels by 2030; and 83 percent below 2005 levels by 2050. The price of carbon permits (what companies must pay to emit CO2) could reach between $48 and $61 per metric ton of CO2 (MT) by 2020 and could increase to between $123/MT and $159/MT by 2030.
This bill passed the House of Representatives by a slim margin (219-212) earlier this summer. The Senate is expected to release its version of climate legislation in September.
Following is a summary of the study’s findings.
(Excerpt) Read more at newsmax.com ...
General Electric certainly got its money’s worth when it raised almost half a million dollars in bundled contributions to elect this sick joke to the White House. The purpose of cap and trade is to force people and businesses to buy “green” GE products that cannot sell themselves in a free market.
We need to defeat both bills - the Obamacare and the Cap and Trade - both bills are destructive - one of our jobs and our economy and the other of our healthcare system as we have known it.
If either bill passes, frankly, there will be great suffering ahead.
ML/NJ
$8 billion - just for 'cap-and-trade' staffing
Global Warming on Free Republic
PARTY ON!
It rents for $35-50,000 a week. Negotiations are being finalized for the rental of Blue Heron Farm, a 28-and-a-half acre pile in the town of Chilmark that boasts a swimming pool, a small basketball court, and even a golf tee. There are four dwellings to choose from and more a half dozen other structures in which to swing a cat. (Chilmark, by the way, was deemed the most expensive small town in all America by Business Week back in 2007. It has since shot up again in value by several hundred million dollars.)
With one out of ten unemployed now - and millions more scared to death they’ll lose their jobs - what’s a few million more jobs lost to liberal grandiosity?
The program of this administration and Congressional leaders is CLEARLY Fascist in nature.
I just wrote a long analysis of Dear Leader's governing tendencies here and the reasoning by which he is clearly Fascist.
Thanks for that link - bump.
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