Here’s a look at the introduction of a draft bill co-sponsored by Sen. Barbara Boxer (D-CA) and John Kerry (D-MA). It is the Senate alternative to the horrid “Cap-and-Trade” bill authored by Rep. Henry Waxman (D-CA) and Rep. Ed Markey (D-MA). Call it “Cap-and-Switch.”
IN THE SENATE OF THE
To create clean energy jobs, achieve energy independence,
reduce global warming pollution, and transition to a
clean energy economy.
All those who believe Santa Claus, the Easter Bunny, and the Jolly Green Giant are real should stop reading now.
Let’s look at the objectives of the Senate version of a huge tax on all energy use by every American. As I will note later, the bulk of the cost will fall on low-and-middle income households.
“To create clean energy jobs.” This is pure bunk. Such jobs would be primarily in the production of solar and wind energy. Other such jobs involve biofuels such as ethanol. Combined, solar and wind represent barely one percent of all the electricity generated daily in the nation. If solar and wind were profitable, you can be sure that American entrepreneurs would have long ago become more active, but if it were not for taxpayer dollars subsidizing solar and wind, neither would likely exist.
The only thing ethanol has done has been to raise the cost of the corn from which it is made and reduce the mileage of every gallon of gasoline to which it is added.
Testifying, Sept. 30 before the House Committee on Small Business, Manning Feraci, vice president of federal affairs for the National Biodiesel Board, was seeking a continuation of the industry tax incentive. He said, “the industry is in the midst of an economic crisis. Plants are having difficulty accessing operating capital. Volatility in commodity markets and reduced demand for biodiesel in both domestic and global markets are making it difficult for producer to sell fuel.” Nobody wants it!
There will be few “clean energy jobs” as compared to the employment that coal, oil, and natural gas industries currently provide and could expand upon if the government wasn’t trying to put them out of business.
“Achieve energy independence.” Are you stupid? Boxer, Kerry, Waxman, and Markey think you are. So does the President and many members of Congress.
Just how does
“Reduce global warming pollution.” First of all, there is NO global warming. Why would Congress pass a law intended to deal with something that is a complete hoax? And what is global warming pollution? Is it the second most essential gas to all life on Earth, carbon dioxide (CO2)? If so, this law is scientifically absurd and baseless. CO2 never had anything to do with the warming that occurred after the end of the last little ice age, around 1850.
No matter what the Supreme Court and others have ruled, if CO2 is a "pollutant", then we should all be in jail, because that’s what we and other mammals exhale. It also occurs when energy sources such as coal and oil are used to keep factories producing, along with hospitals, schools, airports, seaports, and the Capitol of the United States functioning.
“Transition to a clean energy economy.” Oh sure, just as soon as we cover hundreds of thousands of acres of
According to a study of the Waxman-Markey bill by Andrew Chamberlain, it will be the shareholders, not ratepayers, that will be the primary beneficiaries of cap-and-trade’s absurd creation of a market for the purchase and sale of “carbon credits.” It will be based on how much CO2 a utility, industrial, or any other entity is producing. The credits will literally permit them to keep on “polluting,” even though that means “global warming” would, in theory, just get worse. Even though there is NO global warming. Make sense to you?
Chamberlain succinctly says, “These new findings should send a clear message to the American people (that) cap-and-trade helps the powerful and hurts the rest of us. And as Congress’s corporate allies receive the bulk of the benefits Waxman-Markey has to offer, our environment, along with our struggling economy, will suffer for years to come.”
“Congress needs to get out of the business of picking winners and losers and allow the market to determine which energy and electricity sources should power our economy.”
I leave you with a short list of just some of the
Time to let your Congressman and Senators know you think this is a very bad idea.
Alan Caruba writes a daily post at http://factsnotfantasy.blogspot.com. A business and science writer, he is the founder of The National Anxiety Center.
Statement of Policy.
Learn about Mr. Stolyarov's novel, Eden against the Colossus, here.