IBD: In Hot Pursuit Of CO2

Climate Change: Washington is about to crack down on carbon dioxide emissions. It had better hurry because it won't have much time before the backlash strikes. The public is losing its faith in the global warming religion.

Institute for Energy Research » Blog Archive » Cap and Trade Primer: Eight reasons why cap and trade harms the economy and reduces jobs

These proposals are very, very costly and economically damaging. If enacted, last year’s flagship cap and trade proposal, the Lieberman-Warner bill, would increase the cost of gasoline by anywhere from 60 percent to 144 percent and increase the cost of electricity by 77 to 129 percent.

Up to four million Americans would lose their jobs under the program, which amounts to a $4,022 to $6,752 loss in disposable income per household. In return, we could have expected a 63 percent emissions cut. President Obama’s budget proposes to cut carbon dioxide emissions by 83 percent. If successful, it’s reasonable to conclude it would lead to even greater economic hardship than envisioned under Lieberman-Warner.

Other problems inherent in cap and trade exist, and they are manifold. What follows is a brief explanation of some of the most glaring...

Investor's Business Daily -- Assisted Economic Suicide

Clearly Joe Sixpack in his modest Midwest bungalow would be hit harder than the Al Gores of the world.

We call that spreading the poverty around. Cap-and-trade would be an economic tsunami.

Rising prices, not rising sea levels, are what threaten us. Scrap the cap.