Remember that gargantuan climate change bill we told you about last week? It's gotten bigger. Over the weekend, the bill grew from 946 pages to 1,201 pages, according to the Sunlight Foundation. It's still changing, with important amendments in flux.That's better than a 25% increase in size.
This is an incredibly expensive undertaking. If anyone in Congress tells you that he has read and completely understands this bill, and can explain exactly how the system to reduce carbon emissions would work and what its effects would be, he's lying.It is fair to call this a (Hidden) Tax, since the cost to America Consumers will be increased prices for goods and services as Companies pass the increase to you and me. This will come in the form of Higher Utility Bills and higher prices generally for manufactured goods. Schools, Hospitals and any other large user of Fossil Fuels will be affected.
We need to take our time on this Tax Increase Legislation because as this article notes.
The U.S. can do a lot to reduce its carbon output, but can't do it all. America won't have much impact on global warming if China, India and other major polluters don't follow suit and dramatically reduce their own pollutants. [Emphasis Mine]That fact alone will cause more outsourcing of American Jobs. The cost to us is Higher Prices and Job Losses.
Again I ask, What's the Rush? One answer is that this is one of the favorites of the Obama, Pelosi Liberal agenda and support seems to be falling as evidence accumulates. Evidence that Global Temperatures are not Warming as the increase in Atmospheric Carbon Dioxide (CO2) increases. Read The Climate Change Climate Change from the "Wall Street Journal" Opinion and Commentary Section and note this paragraph.
The inconvenient truth is that the earth's temperatures have flat-lined since 2001, despite growing concentrations of C02. Peer-reviewed research has debunked doomsday scenarios about the polar ice caps, hurricanes, malaria, extinctions, rising oceans.Based on the growing evidence, many countries have failed to pass or repealed Carbon Credit Tax Legislation. [Emphasis Mine]
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.Other Countries such as Australia and Japan have pulled back from Cap and Trade Taxes.
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.The US participation in the Kyoto Accord was defeated in the US Senate in 1997. The vote was a resounding 95-0 on the Byrd-Hagel Resolution (S. Res. 98) despite then Vice President Al Gore's strong backing.
Less publicized is the growing skepticism in the US.
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.With all this evidence, it should be clear that we should not rush to pass Cap and Trade Legislation, if at all.