Print 73 comment(s) - last by KaTaR.. on Jun 24 at 4:11 PM

The new bill is estimated to cut farmers' profits by 57 percent by 2035.  (Source: FreePeople Blog)
Want to stop an unverified theory? Be prepared to pay up...

Proponents of the AGW theory have always viewed the United Nations as a sterling example of action at any cost.  The UN's IPCC, chaired by Rajendra Pachauri, an Indian economist with no formal climatology training, has made extraordinary demands, such as suggesting that the world's citizens give up meat consumption to fight climate change.

Perhaps, those who believe that we must sacrifice the standard of living of our citizens to stop theoretical climate change should now look to the U.S. for guidance.

The Democratic controlled Congress is currently considering the Waxman-Markey bill, a measure praised by President Obama.  Obama states that the bill will "create millions of new jobs all across America."  However, the bill will likely increase yearly power bills of the average U.S. citizen by as much as $1,600, according to the US News & World Report.  Further, it will like have deleterious effects on American agriculture.

The bill seeks to replace carbon taxes with a "free market" where carbon credits are auctioned and traded.  The government says the bill will create a $60B USD artificial "free market" and will cut carbon emissions by 15 percent by 2020.

However, the Congressional Budget Office warns that the cost of this market will be "passed along to consumers of energy and energy-intensive products."  The CBO says that the bill will particularly impact low income households.

Gary Swan, Director of Governmental Affairs and Communications with the Pennsylvania Farm Bureau, says the bill will spell disaster for hard-working farmers as well.  States Swan, "On average, 65 percent of farmers' input costs are fuel, electricity, fertilizer and chemicals."

According to the Heritage Foundation, under the bill gasoline and diesel costs would grow 58 percent by 2035.  This, combined with higher prices on farm equipment, would drop farm profits by 28 percent by 2012 and by 57 percent by 2035.

The Heritage Foundation estimates that the bill will leave America $9.4 trillion poorer by 2035.  AGW supporters, though, argue that Americans must endure any amount of pain and economic hardship in years ahead to stop climate change.

Meanwhile, the accuracy of AGW theory continues to be debated.  Several recent studies have suggested that the sun may have a larger role than man in climate change.  Even a 2008 NASA study acknowledged that the solar activity caused past climate change, though it failed to make the easy connection between the sharp increase in solar activity in the 1990s to current climate change.

In other news, alarmists now a new fear to race to prevent -- French astronomers using "arcane math" methods predicted that there's a 1 in 100 chance that the Earth could collide with Mars in the next 5 billion years.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

The Heritage Foundation
By blowfish on 6/13/2009 6:17:39 PM , Rating: 1
All you need to know is that the Heritage foundation is an ultra right wing think tank, so their perspective on this is very distorted.

Simple conservation, higher insulation standards, limits on packaging and more recycling would go a long way to help things - but of course established manufacturers of US consumer goods just love their planned obsolescence. The US has the worst insulated ( and shortest lasting) homes, full of the most inefficient appliances - which makes great sense to the likes of the Heritage Foundation of course.

RE: The Heritage Foundation
By adiposity on 6/15/2009 11:51:55 AM , Rating: 2
Could " Michael A ndrews" be related to " Michael A sher"?



RE: The Heritage Foundation
By Grabo on 6/16/2009 4:25:14 PM , Rating: 2
You can sort of tell, if not from the onesided slightly damning content & tone, then at least from all the freaks crawling out of the woodwork.

RE: The Heritage Foundation
By Suntan on 6/15/2009 1:44:58 PM , Rating: 2
The US has the worst insulated ( and shortest lasting) homes, full of the most inefficient appliances

I’ve traveled the globe quite a bit for work and I am friends with many of my co-workers in those regions (such that I have been invited to their homes while traveling.)

Based on my own personal experience, I completely disagree with this. Please stop making silly comments that you just pull out of your arse.


RE: The Heritage Foundation
By TomZ on 6/15/2009 2:27:42 PM , Rating: 2
LOL, I agree - the quality of homes and appliances in the US is quite high relatively speaking.

RE: The Heritage Foundation
By Ringold on 6/15/2009 3:33:06 PM , Rating: 2
All you need to know is that the Heritage foundation is an ultra right wing think tank, so their perspective on this is very distorted.

Their estimates aren't very different from ones I've seen in academic papers. The Heritage Foundation has some good economists on staff.

If you know much about economics then once you realize this climate change topic requires large government intervention in free market outcomes and higher levels of taxation, the most likely outcome is lower long term growth, wealth destruction in general and wealth redistribution to favored government companies and lobbies. It's just a question of how massive the number will be over any given period of time.

RE: The Heritage Foundation
By Spuke on 6/16/2009 3:10:53 PM , Rating: 2
The US has the worst insulated ( and shortest lasting) homes, full of the most inefficient appliances
Like homes from the Middle Ages (your typical European homes) are soooo much more efficient than any modern home. LOL!

"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs

Most Popular Articles5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
No More Turtlenecks - Try Snakables
September 19, 2016, 7:44 AM
ADHD Diagnosis and Treatment in Children: Problem or Paranoia?
September 19, 2016, 5:30 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Automaker Porsche may expand range of Panamera Coupe design.
September 18, 2016, 11:00 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki