Rooted in Reason: Nurturing the Seeds of Liberty

Gary Palmer on Cap and Trade by maliab
July 11, 2011, 6:01 pm
Filed under: Economy | Tags: , ,

The environmental lobby has doubled down on selling us the notion that human activity is the enemy, and, as such, deserves to be punished.  Through economic sanctions, loss of jobs, high gas prices, and the legislative tools of the environmental groups . . . essentially policies such as Cap and Trade have resulted in our declaring war on ourselves, to potentially devastating results.  As Gary Palmer of the Alabama Policy Institute explains, we are exacting a high price for being the enemy:

The evidence is undeniable – global warming is now a major problem for practically every person in America, including the people of Alabama. If you don’t believe it, check your monthly utility bill or the price of gasoline to see that global warming is a big problem in terms of what it costs you.

Technically, the problem is not global warming. It began with cooked up statistics that leftist politicians and environmentalists used to push an agenda that will devastate our economy and do nearly nothing to impact the global temperature. A formidable array of politicians and scientists have bought into the proposition that human activity is bad for the planet.

. . . .

Needless to say, that would not go over well with most Americans who are opposed to such schemes as Cap and Trade. Even though the Cap and Trade bill died in the U.S. Senate last year (after passing in the House), the Environmental Protection Agency (EPA), with the full support of the Obama Administration, is in the process of implementing it anyway. If the EPA succeeds in this effort, the impact on the American economy will be devastating.

A Heritage Foundation analysis of the Cap and Trade bill that passed the U.S. House of Representatives projected that the GDP for the United States would decline by a cumulative $9.4 trillion between 2012 and 2035. Heritage also projected that net job losses would approach 1.9 million by 2012 and could approach 2.5 million by 2035. The irony of the job losses is that they will hit manufacturing and mining particularly hard, eliminating thousands of union jobs.

Read the whole article on the Grassroot Institute website . . .


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