Tuesday, June 09, 2009

Cap and Trade CO2 Emissions

The thermometer watching tree hugging enviro-nazis are salivating at the prospect of this bill being passed. It will decimate the American economy, destroy jobs and do what the marxist idiots want:

Put America on the same level as Cuba or worse.

CO2 bill will cost jobs, raise energy costs
The spokesman for the Cornwall Alliance for the Stewardship of Creation says the Waxman-Markey bill will have enormous negative impacts if passed.

The Waxman-Markey bill -- described by some as an energy tax in disguise -- recently made it out of the House Energy and Commerce Committee. The bill seeks to tackle the issue of alleged "manmade climate change" by limiting the amount of carbon dioxide emitted by businesses and power plants. Sometimes referred to as "cap-and-trade" legislation, the bill seeks to reduce CO2 emission by 17 percent by the year 2020.

Energy Secretary Steven Chu praises the legislation. "[It] is our best shot of anything I've seen in recent legislative pasts where Congress might get something [passed], and it's got a lot of support in the industry now," he told Reuters. But Dr. E Calvin Beisner with the Cornwall Alliance disagrees. "It will increase energy costs across the board," he notes. "It will probably lead to the loss of, in an average year between now and 2035, of about 1.1 million jobs."

Beisner also contends that energy costs will increase by about $125 per month per household. And he says the overall cost will be about $9.6 trillion between now and 2035. According to Beisner, for the past several years there has been no global warming -- and temperatures have been falling faster than they have been predicted to rise in the next 100 years. He also concludes that if the Waxman-Markey bill passes, it will have no significant effect on global temperatures in the next 50 to 100 years.

Beisner is not alone in his concerns about the Waxman-Markey bill. Ben Lieberman, senior policy analyst with The Heritage Foundation, offered his comments at the International Conference on Climate Change this spring. "This is an energy tax in disguise," he stated. "Energy prices go up -- but it's done in such a roundabout and convoluted way that the hope is the public doesn't recognize it as a tax, at least not until it's too late."

The bill must pass through several more committees before it goes before the full House for a final vote.

So all you tree-hugging thermometer watchers just hold your breath for 5 minutes beginning now. That will reduce CO2 levels dramatically.

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