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Cap and Trade-Gate

Cap and Trade-Gate published on

Quite honestly, I can fit the head on a pin, when I honestly know about this “Cap and Trade” bill that Congress is trying to ram through. So, instead of sitting and writing about crap I know zero about, I will quote people that do know about it.

Hey, At least I am honest.

Wall Street Journal writes:

Steve Fielding recently asked the Obama administration to reassure him on the science of man-made global warming. When the administration proved unhelpful, Mr. Fielding decided to vote against climate-change legislation.

If you haven’t heard of this politician, it’s because he’s a member of the Australian Senate. As the U.S. House of Representatives prepares to pass a climate-change bill, the Australian Parliament is preparing to kill its own country’s carbon-emissions scheme. Why? A growing number of Australian politicians, scientists and citizens once again doubt the science of human-caused global warming.

Among the many reasons President Barack Obama and the Democratic majority are so intent on quickly jamming a cap-and-trade system through Congress is because the global warming tide is again shifting. It turns out Al Gore and the United Nations (with an assist from the media), did a little too vociferous a job smearing anyone who disagreed with them as “deniers.” The backlash has brought the scientific debate roaring back to life in Australia, Europe, Japan and even, if less reported, the U.S.

In April, the Polish Academy of Sciences published a document challenging man-made global warming. In the Czech Republic, where President Vaclav Klaus remains a leading skeptic, today only 11% of the population believes humans play a role. In France, President Nicolas Sarkozy wants to tap Claude Allegre to lead the country’s new ministry of industry and innovation. Twenty years ago Mr. Allegre was among the first to trill about man-made global warming, but the geochemist has since recanted. New Zealand last year elected a new government, which immediately suspended the country’s weeks-old cap-and-trade program.

The number of skeptics, far from shrinking, is swelling. Oklahoma Sen. Jim Inhofe now counts more than 700 scientists who disagree with the U.N. — 13 times the number who authored the U.N.’s 2007 climate summary for policymakers. Joanne Simpson, the world’s first woman to receive a Ph.D. in meteorology, expressed relief upon her retirement last year that she was finally free to speak “frankly” of her nonbelief. Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming “the worst scientific scandal in history.” Norway’s Ivar Giaever, Nobel Prize winner for physics, decries it as the “new religion.” A group of 54 noted physicists, led by Princeton’s Will Happer, is demanding the American Physical Society revise its position that the science is settled. (Both Nature and Science magazines have refused to run the physicists’ open letter.)

Ed Morrissey, Who’s a hell of bunch more informed on this sort stuff than I; Writes:

All of the increase will get passed to consumers.  Democrats hope to buffer that through targeted subsidies, but the AP neglects to mention that mechanism — because that money also comes from consumers.  Business costs always get passed to the purchaser in the form of higher prices, and anyone who argues that they don’t either have no understanding of business and pricing or has a desire to sell snake oil to the gullible.

Cap-and-trade is a tax, one imposed through an artificial scarcity model onto an industry that drives the economy.  The AP reports the CBO and EPA cost estimates without mentioning that those predictions only cover the actual mechanical costs of cap-and-trade.  They do not predict the economic impact on American families from the loss of economic power as energy becomes more scarce and expensive.  This bill will lose the US 2.5% of its GDP each and every year in the years after the first decade of implementation.

King Canute knew better than to believe his advisers when they told him that he was powerful enough to affect ocean levels.  Unfortunately, this administration and the Democratic Party don’t have the sense Canute did.

Greenpeace does not even like the Bill, but not for the reasons you might think:

Washington, D.C., United States — In advance of tomorrow’s vote on the American Clean Energy and Security Act in the House of Representatives, Greenpeace USA Deputy Campaigns Director Carroll Muffett issued the following statement:

“Since the Waxman-Markey bill left the Energy and Commerce committee, yet another fleet of industry lobbysists has weakened the bill even more, and further widened the gap between what Waxman-Markey does and what science demands. As a result, Greenpeace opposes this bill in its current form. We are calling upon Congress to vote against this bill unless substantial measures are taken to strengthen it. Despite President Obama’s assurance that he would enact strong, science-based legislation, we are now watching him put his full support behind a bill that chooses politics over science, elevates industry interests over national interest, and shows the significant limitations of what this Congress believes is possible.

“As it comes to the floor, the Waxman-Markey bill sets emission reduction targets far lower than science demands, then undermines even those targets with massive offsets. The giveaways and preferences in the bill will actually spur a new generation of nuclear and coal-fired power plants to the detriment of real energy solutions. To support such a bill is to abandon the real leadership that is called for at this pivotal moment in history. We simply no longer have the time for legislation this weak.

“With many others in the environmental, faith and consumer rights communities, Greenpeace has expressed tremendous concern about the role of offsets in this legislation. Unless strictly controlled, the abuse of offsets could prevent real emission reductions for more than a decade. The decision to move authority over offsets from EPA to the Department of Agriculture further reduces the likelihood that such controls will be maintained and increases the likelihood they will undermine real reductions.

This legislation sends a strong and unmistakable signal to the world that the United States is not yet ready to show the leadership necessary to reach a strong agreement at Copenhagen in December. Already, we are seeing the impact of this signal as one country after another retreats from the aggressive targets needed to avoid catastrophic climate change.

We call on the Congress to reject this bill and begin immediate and urgent work on legislation that treats seriously the dire threat of climate change. We call on President Obama to move beyond rhetoric and deliver on his commitments to “restore science to its proper place” and to lead the world in addressing climate change.

Yeah, I know what your thinking; (Fuck Greenpeace!) and I agree. I just thought I would add their take on it.

Investors Business Daily Editorials Writes:

Not since a misguided piece of legislation imposed tariffs that turned a recession into a depression has there been a piece of legislation as bad as Waxman-Markey.

The 1,000-plus-page American Clean Energy and Security Act (H.R. 2454) is being rushed to a vote by House Speaker Nancy Pelosi before anyone can seriously object to this economic suicide pact.

It’s what Janet Napolitano, secretary of Homeland Security, might call a “man-caused disaster,” a phrase she coined to replace the politically incorrect “terrorist attack.” But no terrorist could ever dream of inflicting as much damage as this bill.

Its centerpiece is a “cap and trade” provision that has been rightfully derided as “cap and tax.” It is in fact a tax on energy everywhere it is consumed on everything it is used to make or provide.

It is the largest tax increase in American history — a tax on all Americans — even the 95% that President Obama pledged would never see a tax increase.

It’s a political bill that could come to a vote now that a deal was struck with farm-state legislators concerned about the taxation of even bovine flatulence.

As part of the agreement reached Tuesday night and announced by Rep. Henry Waxman, D-Beverly Hills, agricultural oversight for cap-and-trade was transferred from the Environmental Protection Agency to the U.S. Department of Agriculture.

Farmers hope the USDA will be less intrusive. The EPA has been tasked by a Supreme Court ruling to regulate greenhouse gas emissions from your nostrils to your lawn mower. This even covers the emissions of barnyard animals, including the methane from cows.

The American Farm Bureau warns that cap and trade would cost the average farmer $175 on every dairy cow and $80 for beef cattle. So farm-state politics trumped climate change.

I guess you can see, by what is written here; that this bill is no good for anyone. Higher Taxes, Businesses being punished; Not good, not good at all.

There are quite a few bloggers covering this topic and are more informed about it than I. Here they are: QandO, Vox Popoli, Pundit & Pundette, Michelle Malkin, The Sundries Shack, The Foundry, AmSpecBlog, Gateway Pundit, A Blog For All, American Solutions, And So it Goes in Shreveport, Cold Fury and The Other McCain, Weekly StandardRedStatePajamas Media, Riehl World View, : The Jawa Report, The Strata-Sphere, And So it Goes in Shreveport, Pundit & Pundette, The Volokh Conspiracy, QandO, Classical Values, AmSpecBlog, CommentaryThe Other McCain and Michelle Malkin

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