Cage Match — Kenneth P. Greens’ Smackdown Of Sen. John Kerry’s False AGW Assertions!
Plus, a “Cap & Trade” Primer For Dummies
Wednesday, December 16th, 2009
At the American Enterprise Institute for Public Policy Research there’s a recap of Kenneth P. Greens’ Nov. 10, 2009 testimony before the Senate Committee on Finance about global warming issues. Specifically they cover Green’s response to Senator John Kerry’s (D-MA) assertion that “not one peer-reviewed paper contradicts the “consensus” view that greenhouse gas emissions will cause devastating consequences[.]”
Readers of this blog know better, but this is the accepted talking point pushed by the Holy Order of Global Warming Hysteria and its minions — hundreds of which are FREEZING their tookuses (tooki?) off in Copenhagen where all that anthropogenic Global Warming is making standing in line for hours in near-freezing temps interesting. Heh!
But, back to Green. Along with citing numerous peer-reviewed papers calling AGW into question and or calling into question the research leading to the pro AGW positions, he gave Senator Kerry and whoever else bothered to show up for that hearing a little lesson on the potential economic effects of Cap & Trade legislation.
Key Points from Kenneth P. Green On Cap & Trade:
- Cap-and-trade is an inappropriate mechanism for the control of greenhouse gases. I observed that this was not only my opinion, but also that of the economists who first developed the concept, as well as people like James Hansen, and the organization Earth First!, neither of which are known to dismiss climate change as a problem. I have subsequently learned that Greenpeace also opposes cap-and-trade as a mechanism for controlling greenhouse gases.
- Cap-and-trade will fail to control carbon emissions because of inevitable corruptions of the scheme in the political process and afterward in trading markets.
- Cap-and-trade will, however, cap economic growth, as every time the economy grows, we use more energy, which will increase permit prices, eventually stifling growth.
- Higher energy prices will increase the costs of goods and services, suppressing demand and killing jobs.
- Higher energy prices will make American industry less competitive, leading to industry flight and more lost jobs, unless we wish to return to the days of tariff-wars and unfree trade.
- Current cap-and-trade legislation will cause economic winners and losers both regionally and sectorally across the United States, often unjustly transferring money from poorer communities to more wealthy communities.
- Cap-and-trade will create a new class of poorly understood financial instruments (PUFIs) that risk creating a bubble far larger than the one that recently knocked the economy into a deep recession.
- By favoring biofuels, cap-and-trade will put a bounty on ecosystems and lead to massive conversion of forests and prairies into biofuel plantations.
- The idea that current legislation can be described as a “jobs bill” is ludicrous. One hundred and fifty years of economics tells us that governments do not create jobs, they just move them around, invariably killing more than they create.
From the revealed secret deals that were leaked last week in Copenhagen, to the stated goals of the radical environmentalists all over the globe, to our own Progressive Senators and Representatives it is absolutely crystal clear — Man-Caused Climate Change is nothing but a dangerous bit of political theater designed to scare the masses into giving their governments ever more control of their lives and to accelerate the ever ongoing redistribution of wealth, not just from OUR richer to OUR poorer, but all around the globe.
Except, of course, for those save-the-planet elites that think nothing of jet-setting to far-off places, like Copenhagen, along the way emitting tons and tons of that nasty ol’ carbon into the atmosphere, accelerating the very Global Warming they so decry, if it was actually happening — but hey, they’re doing it to SAVE Mother Gaia, don’t ya know?
Oh, ya betcha! Gaia, and their own filthy little bank balances . . . or big ones.
Now, that’s Progressive!
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