Friday, March 27, 2009

Economic Suicide By Believing In The Myth Of Man-Caused Global Warming

Is this where America is headed? It looks like it, if we follow the lead of our new socialist leaders in Washington D.C., liberal Democrats, and global warming fear-mongers like James Hansen and Al Gore. (Remember, you can do a search on this blog for key people, subjects, and ideas and find much more information.)

It is insane to increase taxes on conventional energy sources (coal, oil, and gas), destroy existing industries, with vast established infrastructures, (pipelines, refineries, power plants, etc.), put millions more people out of work from skilled jobs, and remove Billions of dollars of royalties and taxes that those industries currently give to local, state, and Federal treasuries.

To destroy industries that have taken a century and a half to build and try to replace these with economically unproven alternatives such as solar and wind power is insanity. Yet that is what people are proposing. I am worried about the economic future of America if we continue down this road.......all in the name of saving the Planet Earth from an imaginary global warming. We must stop the insanity such as described in the following article.

Government Should Compel Consumers to Use Alternative Energy, Congressman SaysFriday,
March 27, 2009By Josiah Ryan, Staff Writer (source)

( - Government policy should be crafted to raise the price of carbon-emitting energy sources so consumers are compelled to choose alternative energy, House Democratic Conference Chairman John Larson (D-Conn.) told on Thursday. Larson agreed that such a policy would likely result in higher electricity prices for consumers but said this is needed to protect the environment from the possible “catastrophic results” of not implementing a pro-green energy policy.

Some Republicans who spoke with at the Capitol agreed that electricity prices would go up, and they dismissed President Barack Obama’s cap-and-trade plan as little more than a large tax on energy producers, the cost of which is passed onto consumers. With cap and trade, the amount of carbon an energy company can emit is capped. If it exceeds that limit, the company can purchase credits (“trade”) that would go towards investment in green or alternative energy firms. “I think the government should serve as an impetus to do so, because as I said at the outset, not doing anything -- the catastrophic results that can come from that – are what drives this issue,” Larson told when asked if boosting electricity prices through government policy to drive consumers to green energy was a good idea.

“We ought to do it in a way that both enhances our economy and our economic opportunity and also preserves the universe and the earth,” said Larson. At a press conference Tuesday, Obama told reporters that a good cap-and-trade system for carbon emissions should be designed to “protect consumers from huge spikes in electricity prices.” "I think cap-and-trade is the best way, from my perspective, to achieve some of those gains, because what it does is it starts pricing the pollution that's being sent into the atmosphere,” Obama said. (Mr. Obama, carbon dioxide is not a pollutant, but a harmless gas, produced every time you exhale. Peter)

"The way it's structured, it has to take into account regional differences. It has to protect consumers from huge spikes in electricity prices. So there are a -- a lot of technical issues that are going to have to be sorted through," he added. But in an interview with the San Francisco Chronicle back on Jan. 17, 2008, then-candidate Obama said his plan for cap and trade would tax every unit of carbon emitted, which would in turn create an expanded market for new technologies.

Sen. George Voinovich (R-Ohio) (Photo courtesy of Voinovich's Web site)
“I was the first to call for a 100% auction on the cap-and-trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter,” said Obama. “That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.” Eventually, these taxes would ruin the U.S. coal industry, added Obama. “So if somebody wants to build a coal-powered plant, they can,” said Obama. “It's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.”

Republicans said that Obama’s plan to cap and trade carbon emissions would result in a massive tax hike on the companies and American consumers who have to pay for energy to heat and light their homes, and drive their cars, and to run myriad aspects of their daily lives. “Of course” Obama’s plan will drive up energy costs, Sen. John McCain (R-Ariz.) told “The president’s proposal is unacceptable, because it’s just being used as a source of revenue.”

Sen. George Voinovich (R-Ohio) told “Of course the cost is going to rise. When people think of cap and trade, they are going to think of a giant tax increase.” Larson also said he is concerned about “what happens down the food chain.” “My concern specifically is what happens down the food chain, so to speak, to the consumer who ultimately bears the cost,” he said. “I think that no matter what we do, I have to be in favor of a carbon-tax approach, because I think that it just levels with people right from the outset. But I believe completely in passing the savings back down the stream to have an impact on the consumer.”

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