Crap and Betrayed [UPDATED]
We still think the very concept of “global warming” is a bunch of hooey—but we’ll take our victories, however small:
EPA Administrator Jackson confirmed an EPA analysis showing that unilateral U.S. action to reduce greenhouse gas emissions would have no effect on climate. Moreover, when presented with an EPA chart depicting that outcome, Energy Secretary Steven Chu said he disagreed with EPA’s analysis.
“I believe the central parts of the [EPA] chart are that U.S. action alone will not impact world CO2 levels,” Administrator Jackson said.
…
Cap-and-trade regimes have advantages, notably the ability to set a limit on emissions and to integrate with other countries. But they are complex and vulnerable to lobbying and special pleading, and they do not guarantee success.
The experience of the European Union is Exhibit A. Emissions targets were set too high. Too many pollution allowances were given away to industry. The value of a carbon credit plummeted. Companies made windfall profits by charging customers more for energy while selling allowances they didn’t need. And the Europeans have not had much success reducing greenhouse gas emissions.
Expensive, worthless, and subject to political bargaining: sounds like a plan!
Watching this administration try to run this jive by us over and over again reminds me of the Marx Brothers with the gloriously oblivious Margaret Dumont.
With Groucho as President Obama and the American electorate as Margaret Dumont.
Capt. Spaulding: Let’s get married.
Mrs. Whitehead: All of us?
Capt. Spaulding: All of us.
Mrs. Whitehead: Why, that’s bigamy.
Capt. Spaulding: Yes, and it’s big of me too.
UPDATED
Michelle has the chart to prove it:
Sen. James Inhofe (R-Okla.) presented the chart to both Jackson and Secretary Chu, which shows that meaningful emissions reductions cannot occur without aggressive action by China, India, and other developing countries. “I am encouraged that Administrator Jackson agrees that unilateral action by the U.S. will be all cost for no climate gain.”
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[…] Obama, Politics, Travesty, Universal Health Care trackback Here’s more horrible stuff on cap and trade, and on the health care reform bills to see. I really hope neither of them pass. They’re even […]
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