Everyone wants to Save the World, as long as Everyone else pays for it
The BBC reported yesterday that the Copenhagen climate summit negotiations have been suspended. The China-led G77 coalition of developing nations (and some wealthy nations like South Korea) have withdrawn their co-operation due to the “Danish text” that leaked last week. Turns out, the developing countries do not want to be penalized more than developed nations to prevent mythical climate change. Who would have thought central planning of the world economy would be so difficult?
When Governments Get Together Someone Suffers
At the onset of the Copenhagen conference the fear was that a binding agreement would cripple the US economy and the economies of other developed nations (and do not think that is off the table), but a leaked document called the “Danish Text” seems to have other plans.
Obama's Plan: Make existing jobs too expensive, replace with subsidized "Green Jobs." Good Plan.
Last week, Roll Call reported that President Obama pushed Cap-and-Trade at his so-called “Jobs Summit” as a way to create “green jobs” to lower the staggering unemployment. His plan is to increase the costs of producing carbon to the point that “green” technologies are cheaper by comparison. Notice I wrote, “by comparison” it would not actually be cheaper to switch to “green” technologies it would just be cheaper than continuing to use fossil fuels after the government jacks up the taxes and regulations.
Tort Reform: Popular Because it is Right
A recent Rasmussen poll shows that 57% of voters nationwide favor limiting the amount of money a jury can award a plaintiff in a medical malpractice lawsuit. On top of that, 47% believe that limiting the jury awards would reduce the cost for health care.
Drill Baby Drill...Just Not There...Or There... Or Over There, Or There either...
As a lifelong Coloradoan I was excited when Obama selected Ken Salazar as his Secretary of the Interior, because then he would no longer be our Senator. As an American, I was sad when Obama selected Ken Salazar as his Secretary of the Interior, because, well, he would be Secretary of the Interior. A new report from the Institute for Energy Research shows that my sadness was justified.
10 Reasons to be Thankful that Cap and Trade Hasn't Passed
This year we have much for which to be thankful: family, friends, and the Obama-Reid-Pelosi National Energy Tax (Cap and Trade) has not yet become law to name a few. We would like to remind you of 10 reasons you should be thinkful for that this year:
- We don’t have to pay over $100 billion in additional taxes.
- We don’t have to pay an additional $3.6 trillion in gas taxes.
- We won’t lose 1.1 million jobs between 2012 and 2030 and 2.5 million each year after that.
- We haven’t made new industries that are dependent on government handouts for their survival.
- We don’t have a new bureaucracy in place to allocate and sell carbon credits that will increase corruption and favoritism in Washington, DC.
- Our energy costs will not go up by $1500 per year for a family of four.
- We won’t have our national debt increase by 26 percent by 2030. An increase of $116,600 for a family of four.
- We won’t have protectionist tariffs to create trade wars and cause increased prices and shortages on the goods we need.
- We won’t have a reduction in GDP of $9.4 trillion between 2012 and 2030.
- We won’t have a 58% increase in gas prices.
Senate Cap and Trade Update
* Gang of 15 | Italics: Faces re-election in 2010 | Bold: Retiring
Congressman Latta Requests Hearing on Impacts of Cap and Trade
A letter went out today from Congressman Bob Lattea (R-Ohio) on behalf of 31 other Midwestern Colleagues requesting a joint hearing with the House Committee on Agriculture, House Committee on Energy and Commerce, and House Committee on Small Businesses to examine the effects of climate change regulations on manufacturing, agriculture, and small businesses in the Midwest. The letter is available in PDF format here.
"[C]arbon credits won't matter" Says Senator Vitter (R-La.)
An article yesterday by David Freddoso in the Washington Examiner explains how a provision in the Senate Climate Bill will expand the power of the executive branch to regulate carbon emissions and render the carbon credits created by the bill effectively useless. Senator Vitter held a press conference yesterday to talk about an “emergency provision” of the Kerry-Boxer bill that would require the President to “direct all Federal agencies to use existing statutory authority to take appropriate actions...to address shortfalls" if greenhouse gas levels climb above 450 parts per million. According to the Pacific Northwest National lab that limit will be reached in 2010 if undeveloped nations do not impose carbon restrictions on themselves.
Global Warming Has Brought on A New Ice Age!
Data on the average national temperatures from the NOAA came out for the month of October, and it is worse than we could have imagined… October was the 3rd coldest month on record! That’s right, global warming has become so intense, it is ushering in a new ice age. The NOAA reports, “The average October temperature of 50.8°F was 4.0°F below the 20th Century average and ranked as the 3rd coolest based on preliminary data.” Now one month of cooling doesn’t mean an ice age is coming, but the earth has been cooling since 1998! We must act immediately!