Thursday, June 4, 2009

The Morality of Climate Change

According to this article by Paul Driessen Harvard economists predict Cap and Trade will cost the average American family an additional $1500 a year in energy costs. MIT economists predict it will be even higher toping out at $3000 per family. This is sick and immoral and based on lies and unproven theories.
Compared to no cap-and-tax regime, Waxman-Markey would cost the United States a cumulative $9.6 trillion in real GDP losses by 2035, according to an updated study by the Heritage Foundation’s Center for Data Analysis. The bill would also cost an additional 1.1 million jobs each year, raise electricity rates 90% after adjusting for inflation, cause a 74% hike in inflation-adjusted gasoline prices, and add $1,500 to the average family’s annual energy bill, says Heritage.

The Congressional Budget Office says the poorest one-fifth of families could see annual energy costs rise $700 – while high income families could see their costs rise $2,200 a year. Harvard economist Martin Feldstein estimates that the average person could pay an extra $1,500 per year for energy. MIT says household energy costs could climb $3,000 per year.

Where will families find that extra cash? “What do I tell a single mom, making $8 an hour?” asked North Carolina congressman (and Congressional Black Caucus member) G. K. Butterfield.

In Spain "green jobs" cost more to create than jobs in other enegry related fields. Can this be our future?

Spain’s experience should be cautionary, but probably won’t be. According to a study by Dr. Gabriel Calzada, Spanish taxpayers spent $800,000 for each new job in the wind turbine industry (mostly installing towering turbines) – and destroyed 2.2 regular jobs for each “green” job, primarily because pricey “renewable” electricity forced companies to lay off workers, to stay in business.

And we get this from a President who has vowed to respect and value science.

You can find more articles by Paul Driessen at Townhall.com

And Eco- Imperialism.com

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