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Old 05-28-2008, 04:18 PM
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Join Date: Mar 2008
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Default Congress & what the Global Warming Hoax will cost you

Next week congress begins debate on a bill that will phase in nearly $2.00 to the price of a gallon of gas, among many other taxes designed to control the weather through taxation. It's the perfect scam, charge people ever increasing amounts of money to fix a problem that doesn't exist.

This single greatest problem with the global warming hoax is that the world has been cooling for the past ten years. And predictions are now coming out predicting it will remain in a cooling trend for many more decades.

The Economic Costs of the Lieberman– Warner Climate Change Legislation




-“Lieberman-Warner, if enacted, would likely devastate national and local economies in addition to putting a severe strain on the American family. The bill would reduce the nation’s Gross Domestic Product by 2.3% by only 2015 as modeled by CRA International. EPA finds that in 2030, GDP would be reduced by $983 billion and lowered even further by as much as $2.8 trillion in 2050…”

- “Under this legislation, America stands to lose millions of jobs. Greenspan forecasts such a problem announcing that ‘cap-and-trade systems or carbon taxes are likely to be popular only until real people lose real jobs as their consequence.’ Within only seven years of enactment, up to 1.2 million net jobs will be lost. Many of these will be going offshore, where restrictions on emissions are nonexistent, to countries such as China. Worse, by 2020 up to 3.4 million net jobs may be lost. Thousands more workers in Northeast Ohio, Pennsylvania, and Michigan could become jobless in an area already subjected to heavy layoffs. The Energy Information Administration (EIA) found that manufacturing output would drop by as much as 9.5% by 2030…”


-“Added on top of nationwide job losses, families will be hurt further at home with heating and electricity bills. EPA modeling of Lieberman-Warner shows that electric prices will rise 44% by 2030 over baseline predictions for that time period…”


-“Kevin Book, an energy research analyst for FBR Capital Market Corporation testified to the Environment and Public Works Committee that not only will consumers be hurt, but the poorest of those will be hurt the worst. Book stated in reference to S.2191 that ‘any effort to trigger conservation or environmental stewardship, even if price hikes are mediated through larger enterprises before they reach consumers, will affect the poorest Americans first…’”


-“EPA suggests that gasoline prices will rise $.53 per gallon on top of the baseline rise in gasoline prices. Additionally, EIA found that gasoline prices could rise anywhere from 41 cents to over a dollar by 2030…”


-“The legislation bypasses the appropriations process and commits revenues from the auctioning of allowances to various different programs potentially predetermining winners and losers in the marketplace. In fact, many in the energy industry support the bill because the costs, according to the CBO, are passed on almost entirely to energy consumers, while the benefits, in the form of free allowances, accrue largely to energy companies and their shareholders, as well as a wide variety of politically favored special interests….”
http://epw.senate.gov/public/index.c...e-67dfb894cc40
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