Cap What? Trade Who?
Vol: 94 Issue: 1 Wednesday, July 1, 2009
Cap What? Trade Who?
The controversial ‘cap and trade’ bill has passed the House of Representatives and is about to go before the Senate. The bill passed along party lines, passing by a margin of 219-212.
Fox News’ Brian Wilson reported yesterday after the vote that he could not find a single Congressman who said he had actually read all 1200 pages.
Thanks to the improbable 312 vote margin held by Al Franken, the Senate now has a filibuster proof majority (and Americans have one more reason to believe that free and fair elections are no longer possible in America).
Is full passage of the cap and trade bill is a foregone conclusion?
Although the Senate has a filibuster-proof majority, there is no guarantee that all sixty Senators will be able to vote. Robert Byrd and Ted Kennedy are both too ill to attend, but if the Senate votes along party lines, the bill will still pass 58 to 40.
What IS ‘cap and trade’ and what is its purpose?
Theoretically, under a cap and trade system, a government authority first sets a cap, deciding how much pollution in total will be allowed. Next, companies are issued credits, essentially licenses to pollute, based on how large they are, what industries they work in, and so forth.
If a company comes in below its cap, it has extra credits which it may trade with other companies.
Who will set the caps? Issue the credits? Ensure compliance? Whoever it is will instantly become one of the most powerful people in the nation.
The White House is calling the cap and trade legislation a “jobs bill.” That is a lie so blatant that even members of his own party who voted for it acknowledge it will kill jobs, not create them.
The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million EACH YEAR.
It is probably even higher. The cap and trade bill claims it was designed to reduce emissions by an astonishing eighty-three percent!
Noted Peter Ferrera of The American Spectator: “All those soccer moms better get used to riding their horses to the grocery store and back. And their husbands better get used to working the farms again, by hand, as high cost energy will chase remaining American manufacturing out of the country to India and China, which do not suffer from Al Gore’s delusions about supposed global warming.”
In addition to killing millions of jobs (and it can’t possibly have any other result) it also amounts to a humongous tax on every American citizen that will be paid through higher prices for electricity, oil, gasoline, natural gas, home heating oil, coal, food, and every product that is produced or transported using energy.
Obama’s cap and trade bill is estimated to cost the average American family an additional $2,000 per year up front, rising to almost $7000 per year by 2035.
The rationale for this bill is to counter global warming by sharply reducing greenhouse gases, primarily carbon dioxide. But even if the bill works exactly as envisioned, the most radical environmentalists admit that it will only slow temperature increases by 2050 by a ridiculous 9/100th of one degree Fahrenheit!
We’ve pointed it out before, but it bears repeating here. All the human activity on earth accounts for less than five percent of all harmful greenhouse gas emissions.
FIVE percent. The other 95% is naturally occurring from things like the oceans evaporating or volcanoes erupting and that sort of thing.
When you hear projections like reducing greenhouse gases by 20%, that is 20% of 5%. And the cap and trade won’t reduce all greenhouse gas emissions caused by human activity. Just the greenhouse gases caused by the activity of the 5% of humanity that lives in America.
China, which is the number one polluter on earth, isn’t affected by cap and trade. Neither are India, Russia, Africa and South America. So it is a percentage of 5% of 5% of 100% that is actually being addressed by cap and trade. Are you still with me?
As expensive as the plan is, its expense is eclipsed by its uselessness. The most reliable satellite weather data shows that global atmospheric temperatures have declined over the last 11 years, with the trend downward accelerating.
Actual science shows that the temperature patterns of the 20th century correlate with natural causes, not global warming theory. Temperatures did not increase steadily throughout the last century, even though carbon dioxide and other greenhouse gases did.
But even if global warming were real, (which it isn’t) and even if cap and trade were necessary to cool the planet (it is not) the cap and trade scheme puts the entire burden for the entire world on the United States taxpayer.
France, Poland, Australia and New Zealand are souring on the notion of paying to undo a global warming scenario for which evidence that it does not exist continues to mount.
The National Center for Policy Analysis projects cap and trade will result in a cumulative loss of $9.4 trillion between now and 2035, by which time the average American family’s share of the national debt will increase by $115,000.
How does the cap and trade bill work? First, by raising energy costs to such a level that people will be forced to cut back because they can’t afford any other option. That is a pretty hefty tax for a president who promised that no American making less that a cool quarter million annually would see a tax increase.
Who do you think is going to be most directly affected by a punitive ‘use tax’ on gasoline or home heating oil? Al Gore? Or the family of four working two jobs?
Who is going to have to choose between steak for dinner or gas for work? The multimillionaires in Congress? Or the guy who commutes to work and back each day?
So much for Obama’s concern for the plight of the poor. Or the middle class, for that matter. Under the terms of cap and trade, it will be illegal to sell one’s home without first getting an ok from a government inspector charged with certifying your home meets minimum government energy standards.
Forget about selling your house because it will cost too much to fix up. If you can’t afford fix it up enough to live in it, you can’t sell it as a fixer upper, either.
Consider the power that gives some government inspector over your life. Suppose a government inspector tells you that before you can sell your house, you need to replace your furnace and water heater with newer, more energy efficient models, replace all your windows and doors, and insulate your attic?
If you don’t have at least $20k equity your home, how will you pay for the repairs? And if you do, how will you come up with the downpayment for a new house?
The first result of cap and trade will be bootleg inspection certificates. Instead of meeting whatever demands an inspector might dream up, it will be a lot cheaper to slip him five grand for a fake certification.
So inspectors will get rich, you will get poorer, most houses that do get sold won’t be any more efficient and the rest won’t get sold at all, tanking the housing market.
Change you can believe in.
Have you ever noticed that when it comes to global warming, there are but two extremes within the scientific community? The scientists that support it regard those who don’t as heretics. The scientists that oppose it oppose it vehemently.
Nobody, it seems, takes a neutral, ‘wait and see’ approach. There are True Believers and skeptics. If there’s a third category, I’m unaware of it.
Personally, I find it hard to imagine anybody could believe in global warming in the first place. First, because it has never been global. Even at the height of the heat waves in the 90’s, it was hot one place, but cool somewhere else.
“Global” warming is only measurable in the northern hemisphere. During the same period, parts of the southern hemisphere experienced an unusual cooling trend.
Secondly, if it is man-made, then it should have showed up during the Industrial Revolution of the 19th century, by which time the Thames River was so polluted that the summer of 1858 was known to Londoners as “the Great Stink”.
The factories of the Industrial Revolution belched out smoke and pollution at levels where some European cities lived in a state of perpetual dusk. But during the whole of the Industrial Revolution, Europe was in the grip of a cold snap so severe it was nicknamed “The Little Ice Age.”
If one looks carefully at the lines drawn between the True Believers and the skeptics, one notices something else.
The skeptics among the scientific community have nothing to gain and much to lose by dissenting from the so-called “established science”. Many of the early skeptics who voiced their concerns were ruined professionally as ‘global warming deniers’.
Conversely, the True Believers have much to gain and nothing to lose. There is the acceptance of the political Establishment, with all the perks and financial incentives that come with it. If you want a government research grant to prove global warming, it is there for the asking.
On the other hand, try and get a research grant to prove global warming is a hoax. Where would one go to apply for that? So the dissenters have no motive for dissenting other than a dedication to the truth.
Yet more scientists deny global warming than support it.
A majority of scientists cited by the UN’s International Panel on Climate Change have since come out to complain that either their name was attached without their permission or their dissenting opinions were ignored by the IPCC.
The Japanese Society of Energy and Resources published a new study this year entitled, “Global Warming: What is The Scientific Truth?” All but one scientist disagrees that human activity played a role in global warming.
Noted energy expert and Princeton physicist Dr. Will Happer is a past director of energy research at the Department of Energy. He has authored more than 200 scientific research papers. His conclusion?
“Fears about man-made global warming are unwarranted and are not based on good science.”
University of Illinois’s Arctic Climate Research Center monitors global sea ice levels using satellite observations of the Northern and Southern hemisphere polar regions. It found that the amount of sea ice at the poles as of January 1st of this year is identical to 1979 levels.
It is impossible to accept that the global warming alarmists actually believe what they are selling. Even if they did, it is impossible to justify cap and trade as a remedy, since its effect is so miniscule as to be irrelevant.
So why pass it? To be fair, there are a few in the Congress who really do believe in global warming. But in any group of more than 500, one can expect to find some who will believe anything if it is repeated often enough.
Then there are those who recognize the additional power and control cap and trade will give them. Not to mention lobby money. Lots and lots of it. Like the example of the inspector and the homeowner cap and trade has the potential to hurt everybody it doesn’t directly benefit.
Want a smaller repair bill from the inspector? Money talks. Need a Congressional loophole to stay in business? Money talks.
Finally, there is the largest group — those in the Congress who passed this monstrous bit of legislation without even reading it. Since they hadn’t read it, their vote wasn’t based on ignorance, power lust and greed or ideology. Their vote was rooted in fear.
Fear of losing some of the lucrative chairs or membership on Congressional committees. Fear of losing votes from their green constituencies back home. Fear of looking bad in the media.
Then there is the media and the green constituencies. What motivated the Washington Post to ignore the ice findings from January 1st and write a column that same week arguing that the sea ice was actually decreasing?
What motivates the media to hype what they should clearly be able to see is only one side of the story?
Finally, what motivates the American public to sit still while their freedom and their income are being systematically looted in the name of ‘climate change’ — also known by its less glamorous name, ‘weather’?
Fear. Everybody is afraid of something except the global warming alarmists who are mining fear like gold.
Is global warming real, man-made or otherwise? The Bible says no.
Genesis 1:4 says “And God said, Let there be lights in the firmament of the heaven to divide the day from the night; and let them be for signs, and for seasons, and for days, and years.”
God INVENTED the seasons, which we also know as ‘weather’ that global warming alarmists say is now changing.
God also says, “While the earth remaineth, seedtime and harvest, and cold and heat, and summer and winter, and day and night shall not cease.” (Genesis 8:22)
“The day is Thine, the night also is Thine: Thou hast prepared the light and the sun. Thou hast set all the borders of the earth: Thou hast made summer and winter.” (Psalms 74:16)
Weather is real. God made it. Summer AND winter. And He promised not to change it ‘as long as the earth remains’.
Now consider the absurdity of this entire cap and trade issue in the light of Jesus’ answer to the question, “What will be the sign of Thy coming and the end of the age?”
“And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.” (Luke 21:25-26)
Fear, distress, perplexity, the sea and the waves roaring . . . it sounds like a description of an Al Gore PowerPoint presentation.
“And when these things BEGIN to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.” (Luke 21:28)
The cap and trade bill began to come to pass yesterday.