Carbon Cap & Scam Ping - (POGW)
Posted on 06/09/2009 5:17:36 AM PDT by reaganaut1
Proponents of a cap-and-trade program to combat global warming face an uphill fight. For all their attempts to spin it as a solely environmental issue about saving the planet from extinction, the reality is that it’s a political question that ultimately comes down to economic tradeoffs.
That reality explains why a cap-and-trade proposal similar to the one presently being considered crashed and burned in Washington last year, despite Democratic majorities in both houses of Congress. Voters got a sense that a new regulatory regime to limit carbon-dioxide emissions would impose huge costs across the economy, and they let their representatives know that was unacceptable.
The irony is that the Democrats beating the drums for a global-warming bill understand — and even embrace — the economics of carbon-dioxide regulation. In an exceptionally candid interview with the San Francisco Chronicle editorial board last year, then-senator Barack Obama talked about bankrupting the coal industry and said, “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” Raise the price of coal- and petroleum-based energy so people use less, or force consumers to employ energy technologies that cost vastly more. Either way, higher prices are inherent to cutting emissions.
But these proponents also know that the economics of the issue must be obscured at all costs if they want the public to swallow a massive new regulatory scheme on the scale of cap and trade. And so the debate put forth by most influential advocates of global-warming regulation hinges on willful distortions of basic truths and insidious inversions of language that would make George Orwell blush.
(Excerpt) Read more at article.nationalreview.com ...
just another $$$$$ grab
The above, is the TRUE MONEY QUOTE.
Carbon Cap & Scam Ping - (POGW)
ping
Snow across the upper middle of the country in the second week of June...
They better build more power plants FAST or it’s going to be a long hard winter in the north!
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