Public Support for Cap-and-Trade Bill Collapsing (and for good reasons) :: Political News and commentaries

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May 18, 2009

Public Support for Cap-and-Trade Bill Collapsing (and for good reasons)

Topics: Global Warming, Political News and commentaries

This comes as no surprise to me, I have little doubt that once Americans begin waking up to the real cost of cap-and-trade relative to the lack of science behind AGW - and particularly any effect of CO2 as a driver of climate change, there would be an avalanche of public outcry.

From Iain Murray at The Corner:

A new poll has surfaced that reveals extreme public discontent with what Congress and the administration plan to do to our energy bills in the name of fighting global warming (or "aiding climate recovery" or whatever the new spin is). It should be online soon, but in the meantime, here's the headlines ...

As Zonia Pino notes in her piece titled Cap-and-Trade in Pennsylvania, a cap-and-trade regulatory and tax scheme would significantly raise energy prices, cost the Commonwealth (ergp states) many jobs, and increase the cost of living (of all Americans) considerably - even as the scientific community becomes increasingly skeptical of claims that global warming is a crisis caused by human emissions of CO2:

A cap-and-trade regulatory and tax scheme would significantly raise energy prices, cost the Commonwealth many jobs, and increase the cost of living considerably.

Far from being a dangerous pollutant, carbon is a basic component of all living cells, and life on Earth depends on carbon dioxide. Increased CO2 concentrations in the atmosphere make plants grow faster and bigger and provide improved food chain conditions for humans and animals. It would be wrong to classify such an essential and beneficial resource as a pollutant.

CO2 cap-and-trade systems threaten the nation's economy and citizens' financial well-being. A cap on energy production amounts to a tax on all goods and services. Studies have found that a modest cap-and-trade system to limit carbon emissions to Kyoto Protocol guidelines (7 percent below 1990 levels) would reduce domestic economic growth by almost 2 percent per year, increase gasoline prices by 53 percent, and raise other energy prices by 86 percent.

If Pennsylvania were to adopt former vice president Al Gore's desired 90 percent reduction in carbon dioxide emissions, the resulting energy scarcity and price inflation would destroy the state's economy.

And that destruction applies to not only the state of Pennsylvania but every other state and every household in it, as well.

Little wonder public support for cap-and-trade is collapsing, but are the politicians listening?

Related video: The Great Global Warming Swindle

The Great Global Warming Swindle - Part 2