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Posts Tagged ‘Waxman-Markey’
October 21st, 2009 at 7:02 pm
Sen. Inhofe Reminds Us That Cap-and-Trade Is a “Costly Non-Solution”

Senator James Inhofe (R-OK), Ranking Republican on the Senate Environment and Public Works Committee, penned a great op-ed in Roll Call this week about the climate change legislation (aka Cap-and-Trade) being pushed by the Obama White House and the majority leadership in Congress.

No matter how many times Congress debates it, and no matter how environmentalists couch it, cap-and-trade will do virtually nothing to stop global warming, and cap-and-trade, as Rep. John Dingell (D-Mich.) said, ‘is a tax, and a great big one.’ These are the fundamentals in the cap-and-trade debate…

We need to remind the American public, for example, that the 1,400-page Waxman-Markey monstrosity is a monument to big government that will make food, gasoline and electricity more expensive, increase mandates on small businesses, and increase the size and reach of the federal bureaucracy — all while doing nothing to affect climate change.

The Kerry-Boxer legislation introduced Sept. 30 is, in many ways, worse than the Waxman-Markey bill. This reflects the attitude of one of the bill’s sponsors, who said recently that, because of the recession, businesses should be expected to make even more expensive emissions reductions. While it’s never a good time to pass a national energy tax, one would have thought that imposing such a tax during a recession is especially bad.”

Read the full column here.

September 27th, 2009 at 11:10 am
Krugman Goes Postal
Posted by Print

There is something distinctly undignified when a Nobel Prize-winning economist goes postal, but then no one has accused Paul Krugman of dignity in some time.

In one of his harangues on behalf of the Waxman-Markey bill (you know, otherwise known as cap-and-tax) to supposedly prevent some future tropical creature’s diet from including boiled people, Krugman makes the argument that in 2020 the bill would cost the average family “roughly the cost of a postage stamp a day.”

Krugman did not originate the line, around a while now, one of those analogies invariably conjured up by elitists to explain to us plain folks in plain language why we can afford to fund this or that government program.

With regard to this one, we would never stoop so low as to ask what the Postal Service, yet another already bankrupt government service, will do when all those average families, who really must live within their budgets, have to sacrifice just that one postage stamp a day (and that’s if you accept Krugman’s and the government’s math).  Do Nobel Prize-winning economists ever address the idea that resources which are not infinite cannot be infinitely taken?

No, we want to be positive by urging President Obama to begin selling ObamaCare by saying it’s only going to cost every senior citizen just two-and-a-half Depends diapers a day.