Government Study Projects Failure of Cap and Trade
A new study by the federal government, commissioned by Rep. Henry Waxman (D-CA) and Rep. Edward Markey of (D-MA), and perhaps intended as a weapon against opponents of Pelosi’s national energy tax, has instead, blown up in their faces.
The Study by the Energy Information Administration, which provides official energy statistics from the U.S. Government itself, addresses the economic impacts of H.R. 2454, the American Clean Energy and Security Act of 2009.
This act, the televised circus-like passing in the House of Representatives, of which started the Jolly Rogers website, is a complex bill that regulates greenhouse gas emissions through various mechanisms, incentives and programs.
The study found that electric bills for the average household will increase dramatically – between 19 and 30 percent and even with the rosiest of scenarios – that is, a proliferation of clown cars across America by 2030, there will only be between a 12 and 20 percent reduction in CO2 emissions.
According to the government study, Cap and Trade “increases the cost of using energy, which reduces real economic output, reduces purchasing power, and lowers aggregate demand for goods and services. The result is that projected real gross domestic product (GDP) generally falls…”
This means, that an American household with a bill of $70 a month, will see that cost balloon to nearly $100 – and all this while they are dutifully cruising around in their clown cars, and trying to pay for these things without jobs. The study seems to agree with previous work by the Heritage Foundation and the National Black Chamber of Commerce – both which found that “cap and trade” could destroy as many as 2.5 million jobs.
In fact EIA projects total discounted GDP losses between 2012 and 2030 to be about $566 billion on the low side, with a potential loss of nearly $1,897 billion.
And it doesn’t stop there. According to the government’s own most recent study – commissioned by the very people trying to force this energy program onto the public, the whole thing requires the U.S. “significantly increase the total amount of new electric capacity due to the retirement of many existing coal-fired power plants that otherwise would be expected to continue operating beyond 2030.
So, for this wonderful utopian plan to work, the citizens have to absorb higher and higher bills, drive smaller and smaller cars, build an entire grid of new electric-producing stations and destroy all the old ones – across the entire nation. And we must do it while more and more families lose their main source of income.
Lastly – and here’s the capper – the EIA study found that this new energy substitute requires that in “all cases” site and planning processes must be changed so that they can “support a large-scale transformation of the Nation’s electricity infrastructure by 2030.”
So all those pesky public hearings which have been necessary in the past, before the government begins to build a particular project – all that would need a bit of work. Basically, we’d have to just allow the government to seize whatever land they want, so they can begin building immediately.
The study summary ends with this paragraph:
Challenges beyond 2030. As previously noted, the modeling horizon for this analysis ends in 2030. Unless substantial progress is made in identifying low- and no-carbon technologies outside of electricity generation, the ACESA emissions targets for the 2030-to-2050 period are likely to be very challenging as opportunities for further reductions in power sector emissions are exhausted and reductions in other sectors are thought to be more expensive.
So can anyone explain to me with numbers and facts like these, why this even passed through the House? Is there any explanation for even a few people to continue to support this? Is it likely that the other countries producing massive amounts of greenhouse gasses, will sign on to this kind of a plan as well? Because if you accept the global warming scenario, you have to remember the most important term in there – “global.” Without global support, a program like this in the U.S. will simply bankrupt the country – of course, we already are bankrupt. The alleged stimulus plan did that.
For the rest of you out there, just barely making it from month to month with your $70 electric bill – hold on. Just hang in there. Change will come. Not “change we can believe in,” but real change. The storm is upon us – the darkness is upon us – but tomorrow will be a new day. And we will one day breathe again as a truly free people.
And for you people in the ivory towers – you Congressmen – our alleged leadership, know this:
We are coming for you. We are coming for you all.
-We The People.
*****
The complete EIA study of the results of H.R. 2454, should it pass into law and become active are here:
Sarah Palin Comes Out Swinging On Cap & Trade
If there is one person who knows energy in this country it is Sarah Palin. She has taken the gloves off and has come out swinging against cap and trade in her latest Op-ed in the Washington Compost. I love her subtle digs at Washington, DC, Obama, and this piece of legislation. She starts out calling it cap and trade but quickly moves into our beloved term; cap and tax.
Let the games begin!
I am deeply concerned about President Obama’s cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.
American prosperity has always been driven by the steady supply of abundant, affordable energy. Particularly in Alaska, we understand the inherent link between energy and prosperity, energy and opportunity, and energy and security. Consequently, many of us in this huge, energy-rich state recognize that the president’s cap-and-trade energy tax would adversely affect every aspect of the U.S. economy.
There is no denying that as the world becomes more industrialized, we need to reform our energy policy and become less dependent on foreign energy sources. But the answer doesn’t lie in making energy scarcer and more expensive! Those who understand the issue know we can meet our energy needs and environmental challenges without destroying America’s economy.
Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.
In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.
The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.
Absolutely BRILLIANT! – read the entire piece here.
Thought Police Legislation H.R. 1984… I mean 1966
Orwell is that you? I know the 80′s are back in style but I was hoping it wasn’t 1984 – I was wrong. In fact, maybe they should have named the bill H.R. 1984 instead of 1966!
Democrats scream bloody murder when progressive Republicans usurp the Constitution, but suddenly suffer from double standard glaucoma when their own progressives are running the show.
This is one insidious piece of legislation because it completely violates our first amendment rights. It will now be considered a FELONY, yes, a felony, to say anything offensive over email, on the Internet, through a blog, or anywhere else over the web. Any individual who may not be PC on any given day could face up to 2 years in prison.
This is pure thought/mind control and is the reason why the PC society we find ourselves in does more harm than good. Here is a section from the bill:
a) Whoever transmits in interstate or foreign commerce any communication, with the intent to coerce, intimidate, harass, or cause substantial emotional distress to a person, using electronic means to support severe, repeated, and hostile behavior, shall be fined under this title or imprisoned not more than two years, or both.
(b) As used in this section-
(1) the term ‘communication’ means the electronic transmission, between or among points specified by the user, of information of the user’s choosing, without change in the form or content of the information as sent and received;
(2) the term ‘electronic means’ means any equipment dependent on electrical power to access an information service, including email, instant messaging, blogs, websites, telephones, and text messages.
We all know this is unconstitutional, but hypothetically speaking, if this section of the Hate Crimes bill passes, who will be in charge of deciding whether something was offensive to an individual or not? I would make a wager that there will be an emotional distress czar appointed by Obama…unfortunately Stuart Smalley is currently working in Congress, but he’ll probably pick a liberal like Depak Chopra. If Obama does in fact pick a czar for this – your freedom of speech will be politicized. “Right wing extremist” talk, blogging, tweeting, and the like, will all be banned and we could all find ourselves in prison. Emotional distress is so vague that a simple civil argument could possibly offend someone and cause, in their eyes, distress… Like all things in America, a policy like this would be used to excess.
Wouldn’t one think that hate crimes would include every race, creed, religion, and sex? In a common sense world sure – but in DC, never. Take for example the fact that a black teen mob attacked a white family in Ohio. There was barely any mention of this in the news! I know for a fact that there are racists in every group, so why wouldn’t this be a hate crime as well? Why can’t white people be discriminated against? Heck! I was when I lived in Baltimore!
It came after a family night of celebrating America and freedom with a fireworks show at Firestone Stadium. Marshall, his family and two friends were gathered outside a friend’s home in South Akron.
Out of nowhere, the six were attacked by dozens of teenage boys, who shouted ”This is our world” and ”This is a black world” as they confronted Marshall and his family.
The Marshalls, who are white, say the crowd of teens who attacked them and two friends June 27 on Girard Street numbered close to 50. The teens were all black.
This could also be Obama’s back-door way to create an Internet czar to monitor the web, much like Russia, China, Iran, North Korea… getting the hint? Remember the fairness doctrine and net neutrality? I gaurantee that famous blogs will be taken down, conservative hashtags on twitter will give people away, and radio talk show hosts will be accussed of causing emotional distress.
I better watch myself! Here I was thinking I was an equal opportunity proponent by offending everyone – there goes my humor…
Here are the members of the House sponsoring this section of the bill:
Rep. Linda Sánchez [D, CA-39] (wrote the above section)
and 14 Co-Sponsors
* Rep. Timothy Bishop [D, NY-1]
* Rep. Bruce Braley [D, IA-1]
* Rep. Lois Capps [D, CA-23]
* Rep. William Clay [D, MO-1]
* Rep. Joe Courtney [D, CT-2]
* Rep. Danny Davis [D, IL-7]
* Rep. Raul Grijalva [D, AZ-7]
* Rep. Phil Hare [D, IL-17]
* Rep. Brian Higgins [D, NY-27]
* Rep. Marcy Kaptur [D, OH-9]
* Rep. Mark Kirk [R, IL-10] (he is not a Republican vote him out! – he voted for Cap and Trade too)
* Rep. Lucille Roybal-Allard [D, CA-34]
* Rep. John Sarbanes [D, MD-3] (I would give my right arm to run against this man in Maryland)
* Rep. John Yarmuth [D, KY-3]
Rep. Fleming Says If Officials Vote For Health Care, They Should Be Required To Use It
John Fleming (R-LA) has created a resolution in the House, backed by several other sponsors, which stipulates any Congress member who votes to back a government “option’ for health care, must use that same “option.”
