Bogus cap-and-trade statistic of the day
Conn Carroll does the math:
Most problematic is their complete omission of economic damage from restricting energy use. Footnote three on page four reads, “The resource cost does not indicate the potential decrease in gross domestic product (GDP) that could result from the cap. The reduction in GDP would also include indirect general equilibrium effects, such as changes in the labor supply resulting from reductions in real wages and potential reductions in the productivity of capital and labor).” That’s a pretty big chunk of change to ignore. In The Heritage Foundation’s analysis of the Waxman-Markey climate change legislation, the GDP hit in 2020 was $161 billion (2009 dollars). For a family of four, that is $1,870 that they ignore.
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Trackbacks
- Cap-And-Trade: Why Lie If You Don’t Have To? « NEOAVATARA
- More Cap And Tax Omissions « Vets On The Watch
- No “Global Warming” in Arizona - Coldest June on Record Since 1913 « Frugal Café Blog Zone
- Nancy Pelosi Is Trying to Do WHAT This Friday? Ram Through Energy Tax Bill with Cap and Trade without It Being Fully Reviewed Americans Knowing How High Their Taxes Will Go « Frugal Café Blog Zone
- Nancy Pelosi Is Trying to Do WHAT This Friday? Ram Through Energy Tax Bill with Cap and Trade without It Being Fully Reviewed Americans Knowing How High Their Taxes Will Go « Frugal Café Blog Zone
- Pelosi Pounding Drum Louder for Cap-and-Trade Vote This Friday, WSJ Exposes What Americans Will Pay for Waxman-Markey Energy Bill « Frugal Café Blog Zone
- Pelosi Pounding Drum Louder for Cap-and-Trade Vote This Friday, WSJ Exposes What Americans Will Pay for Waxman-Markey Energy Bill « Frugal Café Blog Zone
- Pelosi Pounding Drum Louder for Cap-and-Trade Vote This Friday, WSJ Exposes What Americans Will Pay for Waxman-Markey Energy Bill « Frugal Café Blog Zone
- Before It’s Too Late… Mark Levin Surge: Call Congress to Vote ‘No’ Tomorrow to Cap-and-Trade Energy Bill « Frugal Café Blog Zone
- Cap and Trade Another Monumental Experiment — Democrats Still Gambling with American Taxpayer Money « Quick Daily Hits — Politics and Such
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A decrease in GDP matters not to the left. They feel guilty that America has done well. If our standard of living goes down, they will feel righteous.
The most ethical congress mislead the American People?
Never!
the waxman-markey climate change bill is indeed another fabrication of make believe numbers. with waxman involved one can be sure it’s also a california way of thinking disaster, one that makes the paper it was printed on better to be used in the bathroom to wipe something after reading the sports page.
Aloha Guy: If the standard of living goes down, would that not decrease the apparent gap of the socialist minimum living wage?
Don’t these a$$hats understand anything?
I’ve imagined the death of this country in many ways in the last many years since 9/11… and I must say I missed this one entirely. I wouldn’t have guessed that we would implode our country by taxing carbon. The first time I read about Cap and Trade taxes I thought it was an Onion article. Turned out it wasn’t. But even with all I’ve heard about it, I just didn’t believe our congresscritters would go here. How suicidal can you get?
So I guess for this thread I’ll just vote “Present.”
I note that Congress has exempted the gas passed by farm animals from any legislation on the “greenhouse gas” issue, as farmers have convinced them that this amounts to a “cow tax,” which it does.
Why is it that Congress understands that imposing a tax on the emissions of cows (and pigs, and sheep) would lead to fewer of them, and thus higher prices on food (and leather, and wool), but, at the same time, fails to understand that taxing the emissions of power plants will lead to fewer of them, and hence less energy, and hence higher prices on everything?
The problem with bho and team is they don’t start doing math till it hits the ‘b’ or ‘t’ stage. Soon, I pray, American’s will get a grip and say enough is enough. That means those who voted for bho TOOOOOO!!!
L
maybe the congress really is the residual affect of the gas passed by farm animals.
I used to be a fairly prolific writer on my blog, but I haven’t posted anything new in a couple months for the simple fact that every single day something new comes from this administration (and I use the term loosely) that just leaves me at a loss for words.
It’s like watching 9-11 in slow motion and all I can do is say “My God, My God”
The left have been enabled to perpetuate their lies for the past 30 years. All the while furthering their ludicrous agenda and gaining more control over the people Our tax dollars should be spent on the infastructure of this country and it’s military. Nothing more! Nothing less! It’s time to stop the madness that has been going on at our expense far too long. TERM LIMITS! I don’t care how we get them..but we must get them.
Why are we arguing about doing the wrong thing?
Doing the wrong thing – even it were free is still the wrong thing.
I think the enemy does this to get the argument about how much it costs instead of whether or not it’s necessary.
term limits can only happen when the people decide to take this country back, the government is where it is because we allowed it, we the people are the government not those idiots in dc. they can be taken out as easily as they were put in office.
How can we begin to trust ANYTHING this government puts out?
BTW, I saved 105 million jobs today.
I’ve been wondering about this for a long time. When the Republicans let the debate devolve into the cost of a program rather than the principle involved, they’ve already lost.
Or what authority they would have for doing it…
and that does NOT include the $1500.00 to more likely $3000.00 a year for every homes utilities…i.e. your electricity and heat.
Heritage; deduct $150.00 a month ‘hit’
plus $250.00 a MONTH power/heat=
$400.00 a month EXTRA for NOTHING.
DRILL HERE-DRILL NOW.
$800 BILLION a year we could KEEP.
But everybody knows that the government controls the economy and subsequently the GDP. That’s why the stimulus and omnibus bills were so important.
/lgm
But they’re more popular than you.
/moonshot
Get back in your trailer.
/ILMC
The looney, leftwing liberals fudging numbers to get their agenda passed? So what else is new?
I was going to dispute your jobs figure, but I was too busy saving jobs myself.
I believe that our current Congress is the personification of the old maxim about a camel being a horse designed by committee.
Gosh, a camel is elegant compared to the monsters this Congress is turning out.
But I think your point is well made…
On June 23rd, 2009 at 3:31 pm, John Deaux said:
HAhahahaha! Love it, JD, thank you so much! If only those commenters could see just how predictable their posts have become -
The corrupto-crats are now pulling out all the stops. The government HACKS at NOAA are even resorting to doctoring the temperature record. The unadulterated data from four independent temperature data sets all confirm a trend of anywhere from no warming to slight cooling over the last 10 years. BHO is repeating the same LIES that Gore puked up three years ago many of which were subsequently shot down later in a British court like 20 foot sea level rise, polar bear extinction, stronger hurricanes, Mount Kilimanjaro snow melting, Lake Chad evaporating, etc. – it’s all RUBBISH!
What’s the consensus of scientists they tell us? Oh wait.. they FAIL to mention that most or all of the scientists in their precious consensus all work for the government. Those scientists all know that if they say one thing skeptical about the watermelon agenda they are OUT of a job!
The country we enjoy now, (while it lasts..), was built on coal and steel. Thank our Constitution plus those two resources for the most accelerated improvement in standard of living and life expectancy in world history.
I just heard on a military history channel film that the supply line to the front after the invasion at Normandy involved delivering up to 800,000 gallons of gasoline – PER DAY! We would NOT have won WW2 if not for our manufacturing base and boodles of fossil fuel back then.
These con artists do not even have ONE actual piece of scientific evidence to support their claim that human CO2 contributes ANY measurable amount to global warming.. NOT ONE!
Gee, the first place I’d go to get solid scientific research is a political organization that is run by mostly a bunch of third world dictators and has been caught red handed for scandalous behavior in the past.
I conclude that Al Gore is a communist, and AGW is a communist plot. There’s just no other explanation for the immense scope of this colossal fraud.
The corrupto-crats are now pulling out all the stops. The government HACKS at NOAA are even resorting to doctoring the temperature record. The unadulterated data from four independent temperature data sets all confirm a trend of anywhere from no warming to slight cooling over the last 10 years. BHO is repeating the same LIES that Gore puked up three years ago many of which were subsequently shot down later in a British court like 20 foot sea level rise, polar bear extinction, stronger hurricanes, Mount Kilimanjaro snow melting, Lake Chad evaporating, etc. – it’s all RUBBISH!
I think that should be the slogan.
Global Warming: It’s all RUBBISH!
Because that’s all it is.
What’s the consensus of scientists they tell us? Oh wait.. they FAIL to mention that most or all of the scientists in their precious consensus all work for the government. Those scientists all know that if they say one thing skeptical about the watermelon agenda they are OUT of a job!
These con artists do not even have ONE actual piece of scientific evidence to support their claim that human CO2 contributes ANY measurable amount to global warming.. NOT ONE!
Gee, the first place I’d go to get solid scientific research is a political organization that is run by mostly a bunch of third world dictators and has been caught red handed for scandalous behavior in the past.
The country we enjoy now, (while it lasts..), was built on coal and steel. Thank our Constitution plus those two resources for the most accelerated improvement in standard of living and life expectancy in world history.
I conclude that Al Gore is a communist, and AGW is a communist plot. There’s just no other explanation for the immense scope of this colossal fraud.
fixed it.
In the end, there will only be chaos.
I hear that they are breeding smaller cattle to reduce the gases they produce. I wonder how much those steaks Obama likes will cost? They are a $100.00 a pound now. Not to worry the government will just print more money!The inmates are running the asylum.
The liberal way to tax the air we breathe and the lemmings suck it up and go along.
I submit to you all; Al Gore is a genius. In 2004 he starts his own 501(c)(3) corporation to sell nothing (carbon credits). Knowing how gullible people are he makes a movie about nothing (AGW). He flies in his Gulfstream around the world buying carbon credits from his own non-profit corporation. He gets his tax write-off for vacationing all over the world and keeps his money while the lemmings sing praises to his holy name.
If that is not pure genius – nothing is.
Well… Gore is a REVERENT observer of the earth goddess “Gaia”. I. E. – at best he’s a occultist. Humans are destroying the earth so they must be stopped and Gore was ‘chosen’ to help her stop them!
The best example is BIO-FUEL which is already starving the third world per Oxfam. The poorest people are the worst polluters because they cannot afford the financial overhead of being ecologically sound.
Instead of helping them become rich, self sufficient and clean like us – Gore believes that is impossible so the only solution is to starve them to death. Getting rich people to burn food in their machines and thus price it right out of the mouths of the poor is a PERFECT way to do just that!
That little “10% Ethanol” you see on gas pumps required OVER ONE FOURTH OF THE US CORN CROP to supply! (and it requires more energy to distill than what we get out of it too BTW). So 40% would require …?
Not only that, but he also figured out how to get millions of people to do the marketing for him for free.
You would think that more people who are going to push an alternative fuel would at least educate themselves about it. I could never understand why people jumped on the ethanol band wagon when it has nothing to offer. Especially taking into account it uses more fuel to make it than if we didn’t use it at all. Complete stupidity. We are too smart for our own good me thinks. snicker, snicker!
cap-and-trade–one more tax a whole lot of dummies think only the rich will pay. Double your utility bills, park the car and see inflation roar all the while “sticking it to the man”. But I am sure algore can make a buck of it with his Gold Carbon Credit Card.
—
Well of topic but Perez Hilton got a black eye from the tour manager of the Black Eyed Peas. Poetic isn’t it?
The silver lining to all of this is that by 2010 and certainly by 2012 Republicans should be well inside “canned ham” territory: the electorate will be so enraged with what the donks have done that a strong majority will cast a vote for no other reason than to punish them.
The tarnish on the silver lining is, however, that by 2010 and certainly by 2012 the donks will have done irreparable damage to the country, even if — if — the new Republican majority doesn’t fumble away its opportunity to start rolling it all back.
True that. Just like in the beginning…
John #17
Actually, I planted 25% of all the trees in Yellowstone National Park 40 years ago so I’ve got carbon credits coming out of my ___ I’ll never be able to use them all for myself so I guess I’ll just have to sell them. .. for the right price of course, (I can offer easy financing too!)
I would laugh but they have kids doing the propaganda and that makes me sick on my stomach.
I believe that our current Congress is
the personification of the old maxim about a camel beinga horse’sdesigned by committeearse.Errah I just purchased the original Back To The Future car with Mr. Fusion attachment so I’m covered when the oil dries up. I wonder if it floats??!!
Isn’t it amazing? They took a non-existing problem, created a market for the solution that doesn’t exist, and are about to arse rape the entire planets money supply to do it. And the victims are going to THANK them for it.
It also takes more of it per/mile to get you from point A to B, compounding your point about the cost and energy to make it.
Ok that may have been a little too graphic, but its the way I see it going down.
Global Warming will go down in history as monumental cultural Darwinism, like leeching or flat-Earth.
Two words: public schools
They are not so stupid as to not understand that people that starve to death cannot work or pay taxes. They may have deduced that from the Communist induced famines in the Soviet Union and China. Contrary to popular belief it seems leftists can learn.
Depends on who your friends are.
That sums it up completely.
Errah,
I have no friends, only potential victims.
I think it is Al Gore’s Revenge.
Had to.
Errah in my spare time the POTUS has me driving around Tora Bora to see if OBL needs a cab ride. Pretty ingenious!!
The Lefts agenda DOES NOT WORK, if we continue to have a TWO party system. They need the Democrats to permanently control the US, while Obama puts together his plan to control the rest of the globe.
The economic damage?-
Permanent socialism, and the fastest and furthest drop in a countries standard of living the world has ever seen, exactly what a socialist trying to equalize the working class world wide would want- for the economically dominant country!
Would he do that?
Everyone must understand that all this jibberish leads to one bottom line destination; COMMUNISM of the one world order. Obama and the world will rehash our economy, banks, car companies, drug companies, and EVERYTHING else until none of it matters anymore. A peasant(future Americans) doesn’t need all of this to survive. They just need to know where their next meal is coming.
Hey, all these taxes and talk of new taxes made me do some research. 16 pages of how Obama is going to institute taxes on Imputed Income on your real estate using the data YOU are supposed to be stupid enough to supply on the 2010 Census.
Just thought y’all would like to know how they will be paying for the deficit…
Serious question, are Obama voters dumber than the post, or the hole?
About the size of it. One damn caller to the local talk show was all upset that BroBama closed the car dealer where he works; the dummy voted for Obama but didn’t realize the man was a Liberal.Tell that man to sit in the corner and I’ll bet he would stay there until he starved.
Now we wait for forty years of crop failures-in ten years Arizona will have a shortage of tumbleweeds.
*Looks like Congress will destroy the economy, all based on a hoax; It’s the sun, stupid!; We need to keep tabs on who votes for this mess so that we may target them for removal from office in 2010; The Dems need to be sidelined by the voters before they do any more damage; Hurry 2010 and 2012!
If we could just get leftards to agree to exhale only on alternate days it would really help the “CO2 problem.”
Looks like Fox has been scared off by the Obamabots. They’ve drunk the GW Koolaid and have begun slanting their stories to promote the global warming propaganda. They also seem to be censoring comments criticizing them for their biased reporting.
It wasn’t nearly graphic enough imho.
I see this as another reason the idealogic pendulum will swing further to the right. Hopefully, it will swing far enough to undo all of this non-sense with no chance for the left to even have a voice. Payback is a b#tch.
as the taxes rise, the businesses fail, and the employees as well as the employers get hurt. harvard is laying off 275 because the endowments of all those fat cat banking execs fell off. but i’ll bet it’s not the janitors and secretaries, it has to be the dean of finance and his staff which gets the axe, right? this is why socialist scam artists like barry and nancy can play this class warfare crap with impunity, their side is too stupid to look at reality. they believe what they hear, not what they see. “who’re you going to believe, me or your lying eyes?” 10% unemployment by august, didn’t this commie crackpot tell us we had to pass the stimulus bailout to keep the unemployment below 8%. am i stupid, or didn’t we pass that mess. hmmmm.