Jun 25, 2009

If Waxman-Markey bill becomes law...

Even if the bill were to become law, it totally ignores the fact that all the other nations of the Earth will continue to generate “greenhouse gases" at a growing rate that has already surpassed the U.S. and industrialized countries. Without a global market...

What the reductions will do to "greenhouse gases"
Its limits are, by definition, meaningless...

Like the Kyoto Protocol, we are exempting the largest growing "greenhouse gases" sectors  China, India, and all undeveloped nations because they will not join.

What the reductions will do to economic and energy crisis
The Waxman-Markey bill will, by 2035, reduce the aggregate domestic product (GDP) by an estimated $7-9 trillion. Our present annual GDP is about $14 trillion. It is estimated to destroy 844,000 jobs on average with peak years seeing unemployment rise by over 2,000,000 jobs. It will raise electricity rates 90% after adjusting for inflation. Prices for gasoline and natural gas will rise by 74% and 55% respectively.

When experts have already agreed that raising both these costs will make current 'recession look like a good thing' and enter a era of American poverty that has never existed.

Please call, write, fax, and email your representatives in Congress to express your concerns about the negative impact of this bill... and let them know we have better, viable alternatives.

Source: 'Everyone'

Haase Comment- IT IS vitally important that the U.S. leads the world on energy conservation, environmental protection and emission reductions and if I felt this bill would benefit ANY of these factors I would vote for it 100%.  It is also important that continue to pass a bills that improve energy conservation, environmental protection and emission reduction efforts... this bill appears to do the opposite.  Unless the largest world energy consumers and environmental polluters agree to make the changes (and they should, but won't) the U.S. will be at in a situation even I can not 'plan for without pain'.