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  • Waxman's Global Warming Plan That Will Save Our Economy

    California Rep. Henry Waxman, chair of the Energy and Commerce Committee, has a New Year’s resolution. For the good of the economy, let’s all hope he can’t keep it. AP reports,

    The chairman of a key House committee said Thursday he will move “quickly and decisively” to push legislation curbing greenhouse gases with a goal of passing climate legislation out of his committee before Memorial Day.”

    And straight from the horse’s mouth:

    Our environment and our economy depend on congressional action to confront the threat of climate change and secure our energy independence.”

    Let’s work out a quick exercise. Senators Lieberman and Warner introduced a global warming bill last summer and it quickly died on the Senate floor. Their goal was to enact legislation that would reduce carbon dioxide emissions 70 percent below 2005 levels by 2050. Our Center for Data Analysis ran the numbers of what such a commitment to reduce Co2 would cost our economy and found:

    • Cumulative gross domestic product (GDP) losses are at least $1.7 trillion and could reach $4.8 tril­lion by 2030 (in inflation-adjusted 2006 dollars).
    • Single-year GDP losses hit at least $155 billion and realistically could exceed $500 billion (in inflation-adjusted 2006 dollars).
    • Annual job losses exceed 500,000 before 2030 and could approach 1,000,000.
    • The annual cost of emission permits to energy users will be at least $100 billion by 2020 and could exceed $300 billion by 2030 (in inflation-adjusted 2006 dollars).
    • The average household will pay $467 more each year for its natural gas and electricity (in inflation-adjusted 2006 dollars). That means that the average household will spend an additional $8,870 to purchase household energy over the period 2012 through 2030.

    Keep in mind: This analysis did not extend beyond 2030 and the mandated greenhouse gas reductions continue to become more severe and must be 70 percent below the 2005 level by 2050.

    I’m wondering, what is so great about Waxman’s proposal that he can save the environment and our economy at the same time? Well, he hasn’t actually proposed anything, but he did invite a group of 14 corporate executives and environmental leaders who are testifying before the panel, who are part of

    a 31-member coalition that is calling for an 80 percent reduction in greenhouse gas emissions by 2050.”

    What’s worse:

    Obama has called for an 80 percent reduction in emissions by 2050 from 1990 levels, meaning greater reductions would have to be made.”

    So the plan is to enact legislation that would be even more stringent than the failed Lieberman-Warner bill, a bill that would have severely crippled our economy?

    Am I missing something?

    Posted in Energy [slideshow_deploy]

    22 Responses to Waxman's Global Warming Plan That Will Save Our Economy

    1. Greg, Columbia, MD says:

      Perhaps stopping global warming (RIP 1998) is so important that acting as though the Lieberman-Warner bill would miraculously improve the economy is justified based on the theory that the ends justify the means.

    2. Darvin Dowdy says:

      Sometimes I have this wonderful daydream that our elected GOP Rep's will all be standing on the front steps of the capitol, in solidarity against the "greenies" and the "hoax" of manmade global warming/climate change. Beginning an aggressive offensive against these "chicken little,sky is falling democrats". As the GOP Base wants them to do. We have the data and scientists to back this up. And one of the coldest winters in decades.

      But instead they sit quietly like the 3 monkeys no see/hear/speak. Such a collection of cowards. And they wonder what happened on 11/7/06 and 11/4/08. Darvin Dowdy

    3. Charles Pierce, Aust says:

      I was interested to find this blog. 20 years ago I had a book published on different economic concepts to point the way to a sustainable world economy. Someone who liked the book contacted me this year to suggest that I update and re-publish it as a blog. She set up the blog, and the book is now complete on the blog in a series of postings. There are now also additional pieces on global warming and other subjects. Here is the link:

      http://www.economicsforaroundearth.com

      With all good wishes,

      Charles Pierce

    4. Joseph Chavez says:

      Global warming is the biggest hoax ever played on the American people.

    5. Glen Raiburn, Sherma says:

      The Repubs. (gop) need to grow a pair and stand up and fight. To me they appear to be scared of the Donkies. Some one should tell them that they want bite, only bray some, come on repubs. stand up for your true thoughts, it want hurt to fight harder, they have you frightened out of your skin.

    6. Kristine Baker, Armo says:

      The GOP needs to be rebuilt. They are useless. They have all let us down. We need REAL conservatives, not rhetoric.

    7. Joe Ruffino, New Yor says:

      Henry Waxman's mustach and mouth are both larger then his brain. What qualifies him as an expert and for that matter both houses of congress. Just like the S Chip tax which will add $3.00 per cigar of taxes. On a box of 25 that is $75.00. This kind of action will not provide the monies necessary to cover the health care of children not covered by insurance whether from citizens or illegals. It will not provide funds if people stop buying cigars. One aspect not considered is that lots of our neighbors citizens, like Dominicans, Hondourans, Mexicans, and so on will be put out of work. Good foreign policy action. This is not considering the American put out of work. The ultimate result will the average US citizen will be denided one of the few remaining pleasures and the funds for childrens health care will not be achieved. The is the main reason GW Bush vetoed this bill two or three times before. A tax on goods not sold produce no tax revenue.

    8. Aaron, Virginia says:

      I worry we might be wrong about this. When I read books from scientists who talk about global warming I see that the science is pretty well established; I know a lot of Web sites like Heritage tell me not to worry, but I really trust scientists.

    9. Mike, Hickory, North says:

      Who needs more proof of the fact that Congress (and soon the White House) is controlled by megalomaniacally Socialist/government elitists, and the fact that, to such Socialist/government elitists, and their allies, the facts don't count, only their Socialist/government elitist agenda counts?

      The evidence of such freedom and prosperity destroying and, yes, most environmentally destructive Socialism/government elitism (as shown by everything including environmental evidence) and the megalomaniacal evangelists of it (such as Obama, Reid, Pelosi, Waxman, et al) continue to "wax" increasingly evident and obvious to any except their Socialist/government elitist comrades in academia and the media (who are complicit with them in trying to omit, deny, and obfuscate such evidence), and those who tend to be lazily gullible for them.

    10. Linda, pa says:

      Aaron,

      You make a valid point. Public policy analysts are not scientists nor should they claim to be. At the same time I think the voices of dissenting scientists are not heard enough; I do not believe the evidence is incontrovertible. Moreover, even if we try to do something that costs the economy a lot it simply won't change the temperature.

    11. Franklin Portland, O says:

      Hey everybody, Fairbanks Alaska has a high temperature of +45 deg today. Hasn't ever happened before. Fairbanks and Houston TX had the same high temp. Curious that..

    12. Mike Sheahen, Hickor says:

      The so-called "science", etc, used by evangelists of and their unquestioning believers in "anthropomorphic (man-caused) Global Warming" is verifiably nothing more than "junk science", which, unfortunately, is far more useful for sensationalistic fear and panic mongering "headlines"/Leftist political machinations, etc, than is any opposing real science.

      Indeed, considering a demonstrably Leftist/"Progressive"-dominated media, such an "anthropomorphic Global Warming" mantra is thus also much more "popular" and accordingly "availing" of both junk science "funding", Leftist/progressive demagoguing and pandering, and Leftist/"Progressive" media sensationalism, all of which of course helps them all "sell" their “legislating”, "copy" and "influence" accordingly.

      So yes of course anyone can find "scientists" and even "web sites" to support such junk science, etc, but the cold hard fact is such are too often motivated by a Leftist/socialist agenda and/or desire for "funds" and “influence” accordingly, instead of or more so than any unquestionable and incontrovertible evidence and facts about the environment.

      However, the cold hard fact is "anthropomorphic Global Warming" remains an UN-proven theory, continually shown as "questionable" at best and "altogether false" at worst by thousands of scientists and hundreds of millions of others, all with enough data and evidence of all kinds to render it so, and thus also make it a far from unquestionable and incontrovertibly established fact.

      Plus, Leftist efforts to omit and manipulate all sources and evidence of data and facts to the contrary against "anthropomorphic Global Warming", including the news media's having changed their headlines about it several times in the last hundred years (including since the 1970's when they were declaring "Impending Ice Age, and man is causing it!"), all actually help serve to reveal the fact that their efforts have practically everything to do with promoting a Leftist/Socialist "Progressive" agenda and practically nothing to do with the environment, with, of course, repeatedly matching effects and results, much like an infinitesimal gnat, with an ego the size of gaseous Jupiter, insisting upon his own power and influence over the environment, regardless of what the Earth and the Sun combined have to "say" about it through their own natural processes and effects.

      Do your own homework, and engage in truly independent thought, and you will find this is all true.

    13. Bob Burk, California says:

      I find it interesting that Duke Energy, Exxon/Mobil, Pacific Gas and Electric and others have fallen in line with the global warming fad. I suspect that they expect to make some money on this deal. I predict that the carbon trading scheme will follow the dot bomb of the 90's and the artificial housing bomb of the 2000's as the next boom/bust. My advice is to get in early and out before the truth comes out and the carbon scheme crashes.

      If the Obama administration really is interested in the science, it should force James Hansen to release his code for his GISS model. Clearly Dr Hansen is afraid that his code will not withstand the peer review process (of course it will not.) Human caused climate change is political, not science. Models built on faulty assumptions are crap, models who will not release their assumptions and code are snake oil salesmen. James Hansen is a snake oil salesman.

      Bob Burk

    14. Bobiscold says:

      Facts never get in the way when ALGORE and his disciples hand down tablets of phony knowledge. Don J. Easterbrook, Ph.D., emeritus professor of geology at Western Washington University, asked, "What does it take to ignore 10 years of global cooling, sharply declining temperatures the last couple of years, record setting lack of sun spots . . . failure of computer models to predict real climate, predictable warming and cooling climates for the past 500 years. The answer is really quite simple — just follow the money!"

    15. Delfin J Beltran MD says:

      henry waxman is a dangerous socialist radical. In 1990 I was practicing medicine in San Mateo County, California. I received a copy of a local business magazine that contained an article that was an interview of waxman. At the time he held the job similar to his present role in Congress and had taken the responsibility for financing healthcare. The article ended with a quote from waxman in which he stated, " It is our intent to cause healthcare to become so expensive that the public will demand government control. " This is the most radical anti-freedom curse that has come to fruition. It is no different that the goals established in the name of eugenics by the german socialist government in the 1920-30 period that led to the political annihilation of their political antagonists. This and the associated take over of the American concept of a Constitutional Republic is the direct cause of the current financial problems and is in line with the false science of global warming, the central control of education that has led to its failure to provide two generations of citizens that are communication incompetent. In essence the left wing with Congressional political radicals like waxman are leading this country into the cesspool of Socialist Idealism that is a proven form of political population control.

    16. Diane, NJ says:

      Aaron, Read "Climate Confusion". Not all scientists believe in global warming and/or that man is causing it. Your only hearing about the ones that agree. If the earth is warming up so bad why is the eastern half of the US going through such a freeze?

      Two days ago I went outside for like two minutes(to take out the trash), and the bottom of my pants leg happened to be wet, and the landscape rocks froze to the bottom of my sweatpants. I was wondering how these stones were all of a sudden all over my kitchen floor – they melted off of my pants after they heated up in my house

    17. Pingback: The Big Green Con : “7.62mm Justice” ™

    18. DoneThat2, Californi says:

      Part of the problem with Republican office holders & staffers is their consumption of mainstream media news on global warming, just like the rest of the populace. They need to seek alternative sources of data on the issue(s). At least for global warming they could start with the basic data here:

      http://www.c3headlines.com/chartsimages.html

      Once they got a data handle on the size (small) of the problem, they can turn to policy wonks to build a credible response to Waxman and his ilk.

    19. Lyle, Oxford, MS says:

      OK, when we found out that CFCs were destroying the ozone layer, Bush I passed amendments to the Clean Air Act through Congress to resolve the situation. We agree with the liberals that detrimental, man-made molecules released into our atmosphere should be regulated. No prob, simple stuff.

      When are our Congressman going to put a panel together to answer the question once and for all: Should natural, benign products of industry be capped or regulation? I.e., Do high levels of CO2 create detrimental, irreversible, long-term effects?

      Until our political leaders reach a general consensus on the FACTS we are dealing with, all this rhetoric seems pretty pointless.

    20. Thomas Gray South Ca says:

      Lyle,

      Our political leaders are not leading they are doing what ever they need to do to get elected,the poor, the environment, the sick, the unemployed ,the old, the schools mean nothing to people who sell their souls.

      How naive can people get to think the government is able the employ the millions that are losing there jobs every month during this recession.

      eco 101, we cannot borrow our way to prosperity.

    21. JCody, Homer, Alaska says:

      "The longest running quasi-global temperature record starts in 1850" (Wikipedia). Anyone that thinks that a mere 159 years of record keeping, out of 4.5 plus BILLION years of existance, can actually show a meaningful trend in climate flux, is just way too full of themselves.

    22. Dean Sire, Hollywood says:

      A bill of this magnitude based on questionable science is very disturbing to me. It assumes that man made global warming is fact and not up to any scientific debate, period.

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