The dispute over MIT professor John Reilly’s cap and trade cost study has exposed, again, how the left has no idea how wealth gets created. The MIT study estimates that the government revenue from a carbon cap and trade policy would amount to $366 billion per year, or roughly $3,128 per American household. As Reilly readily admitted in a an email to the Weekly Standard, the government revenue raised through cap and trade (which any economist and even Tom Friedman will tell you is just a tax) will be ultimately …
The Weekly Standard has done yeoman’s work exposing the insane logic of an MIT professor, the St. Petersburg Times, and the Center for American Progress. The controversy centers around a study by MIT professor John Reilly that shows a carbon cap and trade would cost the average American household $3,9000 a year. $800 of that figure comes from, according to Reilly, “the cost to the economy [that] involves all those actions people have to take to reduce their use of fossil fuels or find ways to use them without releasing …
This past summer we took the Center for American Progress to task for putting their name on a “study” purporting to show how how many “green collar jobs” $100 billion in government spending on “green investments” would create. At the time, we argued that all of CAP’s green job creation numbers were worthless since they ignored all the jobs that would be destroyed by the taxing and regulation needed to subsidize those green jobs. Now a new study out of Spain, the very country President Barack Obama cites as an …
The Center for American Progress has a new report out titled “Competitive Health Care: A Public Health Insurance Plan that Delivers Market Discipline”. Listing everything that we disagree in their report would result in something much longer than a blog post, but since they mention us by name, we need to make one fact clear: including a public plan in a Federal Employees Health Benefit Plan (FEHBP) health insurance reform model would destroy a competitive health insurance market. Here is what CAP writes: Promoting choice among health insurance plans to …
In a study released this morning, Heritage senior fellow Robert Rector pegged the honest cost of the House economic stimulus plan at $1.34 trillion, not the $816 billion that has been reported. Rector reasoned: The recently passed U.S. House of Representatives stimulus bill contains $816 billion in new spending and tax cuts. Of this sum, $264 billion (32 percent) is new means-tested welfare spending. … But this welfare spending is only the tip of the iceberg. The bill sets in motion another $523 billion in new welfare spending that is …
Remember when leftist groups like the Center for American Progress were denying the CBO had a report debunking the claim’s of The Pelosi-Reid-Obama Debt Plan? Turns out that report DOES EXIST! President Barack Obama has promised that 75% of the money from the stimulus package will be pumped into the economy by Sept. 30, 2010. Well, according to the very real CBO report only 41% of the government purchases in The Pelosi-Reid-Obama Debt Plan occurs in the first two years. Sounds like a thorough debunking to us.
Last week both the AFL-CIO and the Center for American Progress claimed that seven out of the top ten countries on our 2009 Index of Economic Freedom do not require secret ballot elections for union organizing elections. Of course, being strong supporters of card check, CAP and big labor don’t call it that. They both called it “majority sign up as an option for workers trying to form a union” (See, it’s just a harmless sign up, like joining a kickball league!). CAP and Big Labor both go on to …
The Center for American Progress’ Matthew Yglesias asserts that “George W. Bush was a terrible president” and that since “the end of his administration coincides with everything being in a sorry state” that “it would be appropriate to respond with new and different policies.” We’ll let history judge how terrible a President George Bush is/was, but Matt is right about one thing: our country does need new and different policies. Problem is the Obama temporary tax cut/permanent new spending stimulus plan is Bushism on steroids. Heritage predicted back in January …
Bill Beach recently appeared on Bloomberg TV to debate with Will Straw from the Center For American Progress on what should be done with the new Stimulus bill. [youtube]http://www.youtube.com/watch?v=uwbcMUcaZ_w[/youtube] For more information on the Stimulus bill, visit our new “Rapid Response” page on the Economic Stimulus
National Rural Electric Cooperative Association CEO Glenn English and Virginia, Maryland & Delaware Association of Electric Cooperative CEO Jackson Reasor write in the Washington Post: In the past five years, utility bills have risen 30 percent, largely because of the rising cost of fuel, mainly coal and natural gas. The country’s leading consumer organizations, including the Consumer Federation of America and Consumers Union, recently wrote to President-elect Barack Obama, calling on him “to devote as much attention to the affordability of electricity as has been devoted to gasoline.” The U.S. …
