Another Look at the Costs/Benefits of Waxman-Markey: A Dog that Won’t Hunt — MasterResource

However, under no circumstances would the correct outcome be to cap emissions at the level proposed by Waxman-Markey. That would be akin to banning automobile usage, on the grounds that sometimes pedestrians get hit by drivers.

One final point: If the proponents of carbon legislation took the IPCC models (including the economic ones) seriously, and wanted to start penalizing emitters to compensate those damaged by the emissions, then the obvious thing to do would be WAIT and STUDY THE PROBLEM MORE. Even on their own terms, the damages to poor nations will not really kick in until many decades from now. To refine the analogy above, Waxman-Markey seeks to seriously restrict automobile usage now, on the grounds that some pedestrians might be killed by drivers in the year 2100.

Red Maryland: The Audacity of Fear

Barack Obama is now doubling down on the fear mongering in order to get the massive tax increase/boondoggle that is the Waxman-Markey cap and trade bill through the House of Representatives. The cooler climate appears to be an insignificant truth, for The One, who deems it’s getting hotter.

Kerry Statement on Release of Climate Impact Study

“This report confirms the reality that’s been staring us in the face: the devastating impacts of climate change are already being felt in our communities,” said Sen. Kerry. “For those who needed further evidence that Congress should take bold and decisive action to pass climate change legislation – here it is. This report underscores the need for a comprehensive cap and trade program that reduces carbon emissions and decreases our dependence on foreign oil.”