Wednesday, May 14, 2008

Radical Environmentalism WILL Crush our Ecomony

Hello!!! Remember what I said no so long ago? The ecofascists will crush us into economic ruin and we, as a members of the greatest nation on earth, will not have a clue as to what happen until it's too late.

Our worst nightmare is happening right now - wake up and turn off the 6 o'clock news, go to Heritage's web site and get started on the path to knowledge.

Keep the faith, Heritage has joined the battle!

How much will it cost you?
Imagine this nightmare economic scenario playing out over the next two decades:

$1.7 to $4.8 trillion-cumulative losses to economic output by 2030.

$155 billion to $500 billion-potential single-year losses to economic output.

500,000 to 1,000,000-annual job losses before 2030.

$100 billion-cost of new government permits mandated for energy users by 2020. This could exceed $300 billion by 2030.

$467-average additional cost per household each year for natural gas and electricity. That means that the average household will spend an additional $8,870 to purchase household energy over the period 2012 through 2030.
(All financial figures are in inflation-adjusted 2006 dollars.)

But this is no fantasy. This is the impact on our economy of climate change legislation now before lawmakers, according to a careful and thorough new analysis by The Heritage Foundation’s Center for Data Analysis.

The legislation, principally sponsored by Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.), would impose emissions caps on six greenhouse gasses. Those who produce such gasses would have to purchase a government permit, or “allowance,” for the amount they emit. This will drive up energy costs and cause real problems for the economy.

“In addition to taking a bite out of consumers’ pocketbooks, the high energy prices throw a monkey wrench into the production side of the economy,” explain Heritage experts Bill Beach, David Kreutzer, Ben Lieberman and Nick Loris.

Economic growth, output and employment would all be reduced, despite liberal claims that such a program would result in economy-boosting “green investment” coupled with “green-collar” job creation.

What’s more, “the increase in energy costs creates correspondingly large transfers of income from private energy consumers to special interests.” (emphasis is mine)

Here is a chart that estimates how the environment will change if this insane bill passes - if you aren't frightened, you should be.

http://www.heritage.org/Research/EnergyandEnvironment/images/CDA08-02_chart1.gif

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