West Virginia - Economist sees negatives of cap-and-trade

West Virginia University economist Russell Sobel sees myriad negatives coming from the proposed cap-and-trade bill ardently pushed by President Obama, touching every consumer in the United States.
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Sobel pointed to the debate among scientists about global warming itself — whether industry is the culprit, or whether it is naturally occurring in the cyclic nature of weather.

One of the professors in his office has on display a Time magazine cover from a few decades ago warning of a coming “ice age,” back when the climate was headed in the direction of cool.

Rep. Peter Hoekstra, R-Mich: Commentary: Cap-and-trade deals final blow to family farms | McClatchy

The "cap-and-trade" national energy tax bill passed by the U.S. House and now making its way through the Senate would impose nearly impossible burdens on agriculture and likely deliver a final death blow to the family farm.

Sen. Hatch Lashes Out at Cap-and-Trade Legislation

So what is the benefit that we can expect to enjoy for all this pain? According to the U.N.’s own science, we can expect the climate to drop a full .07 degrees for America’s share of carbon reductions. How in the world can we be expected to slog through the economic misery of cap and trade for a benefit that will not even register on an average thermometer? Well, we’re told that we must lead the way so that developing nations such as India and China will follow our lead. With our combined efforts, we are told, we may adjust the climate by more. That is extraordinarily troubling logic for those of us who have America’s interest in mind, especially in light of two recent news articles that I have in front of me. One is dated June 11, 2009, with the headline: “China Says No to Greenhouse Gas Cuts.” Another is from Bloomberg, dated June 30, with the headline: “India Rejects Any Greenhouse-Gas Cuts under New Climate Treaty.”

These two articles alone are more evidence than any member of Congress should need to oppose cap-and-trade legislation with all his or her might. And that is what I intend to do. Thank you.