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  • CBO's Latest Cap and Trade Analysis

    Here’s today’s news from the Congressional Budget Office on the recently passed Waxman-Markey legislation: It’s a big tax and spend bill. For the years 2010-2019 the tax increase is $872.8 billion. Ka-ching! (For the record, that’s pretty close [we’re talking government work here] to the $885 billion revenue estimate that … More

    How to Hide a Trillion Dollars

    The Obama Administration’s recent budget has some of the most revealing text in the smallest font. Put on your green eyeshade and get out your wonk decoder ring. We’re heading down into the weeds to hunt budget big game. Footnote 5 of Table S-6 starts off “Shown here are those … More

    Unexportable Jobs

    Here is a quote from the President’s new budget (emphasis added): “If we lead the world in the research and development of clean energy technology, we can create a whole new industry with high-paying jobs that cannot be shipped overseas. Some compare the promise of this sector to information technology.” … More

    Some Needed Climate Perspective

    Here is the world temperature diagram from the Hadley Center that some think projects a catastrophic warming (this projection was easier to believe before the cooling of the last several years). The trough-to-peak temperature change from 1910 to 2005 is about .9 degrees C. This is a diagram from our … More

    Stimulus Plan: Non-Existent Unemployed Climate Modelers Get $140 Million

    President Barack Obama’s trillion dollar stimulus plan, has morphed into an appropriations bill devoid of debate. The process forgoes any pretense of targeting unemployed people and resources. For instance, the bill reads “Provided further, That not less than $140,000,000 shall be available for climate data modeling.” This raises the question … More

    You, Too, Can Spot Bogus Catastrophes

    Here’s a quiz to see if you qualify to be a catastrophe-spotting climate economist: Part I: The cheapest way for John Doe to get to work is to take the Metro. The commute costs him $6 per day. He works 20 days per month. John would be richer by $120 … More