Peter Ferrara absolutely nails the abomination that is the Waxman/Markey “Cap and Trade” bill in his American Spectator article today. Thankfully Representative Earl Pomeroy had the good sense to vote against this monstrosity in the U.S. House. Now we will find out if Senators Dorgan and Conrad will actually fight the legislation that if enacted would prove hugely damaging to North Dakota’s economy. Will they truly fight this? Or will they just vote “NO” and claim to be fighting, fighting, fighting for North Dakota? Ferrara explains that:
The bill is designed to raise the price of energy in the U.S. so much that it will reduce the use of fossil fuels by 17% by 2020 and by 83% by 2050. Sentencing the U.S. economy to high cost energy is not a particularly good strategy for creating jobs. The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million each year.
Yet, all you hear in North Dakota media (paid advertising by out-of-state advocacy groups) is that somehow this is a “green” jobs bill! That is a HOAX. It is also a hoax stacked upon a lie because:
During the campaign, Obama also pledged that he would never raise taxes in any form on Americans making less than $250,000 per year. But his cap and trade tax is estimated to cost American families almost $2,000 a year when it becomes effective, growing to almost $7,000 a year for a family of four by 2035. That will be paid through higher prices for electricity, oil, gasoline, natural gas, home heating oil, coal, food, and every product that is produced or transported using energy.
This bill is a HOAX because it will have negligible effect:
But even if the bill works exactly as envisioned, the most radical environmentalists admit that it will only slow temperature increases by 2050 by a ridiculous 9/100th of one degree Fahrenheit! Even after all the costs of reducing the use of fossil fuels by 83%, that is all that would result.
The scientific HOAX is falling apart:
The latest science shows that the theory of significant man-made global warming has now been definitively proved false. The UN’s own climate models, the top source of global warming hysteria, project that if man’s emissions of carbon dioxide and other greenhouse gases were causing global warming, there would be a particular pattern of temperature distribution in the atmosphere, which scientists call “the fingerprint.”
There is no such “fingerprint”, this is all a lie perpetrated by politicians and their subsidized scientific lackeys.
There are huge things at stake here in North Dakota. It is time for the political leaders to stand up and based on the scientific evidence yell, “NO, HELL NO!”