Best of the Week
Most Popular
1.RED ALERT: Paris Terror Attacks - What to Expect Next - STRATFOR
2.Paris Terror Attacks, Death Pangs of a Dying Religion, and Impact on BrExit EU Referendum - Nadeem_Walayat
3.Paris Terror Attacks, Islamic State Attempting to Spark Civil War in France - Nadeem_Walayat
4.Three Shocking Charts That Prove Gold Price Rally Is Coming - Sean Brodrick
5.Stock Market Nifty-Fifty Becomes Fab-Five; Return of the 'Four Horseman' - Mike_Shedlock
6.Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse - Video - Nadeem_Walayat
7.Gold Mining Stocks May Be The Buy Of The Century - Jeff_Berwick
8.Grandmaster Putin Beats Uncle Sam at His Own Game - Mike_Whitney
9.BRICS? No, CRISIS - Raymond_Matison
10.UK Housing Market Affordability, House Prices Momentum and Trend Forecast - Nadeem_Walayat
Last 5 days
Turkey Downs Russian Jet to Draw NATO and US Deeper into Syrian Quagmire - 28th Nov 15
Stock Market Quiet Week as Primary 5 Continues - 28th Nov 15
Black Friday, Weekend for Europe's Migrants - 28th Nov 15
HUI and Gold - Who's Leading Whom? - 28th Nov 15
Gold And Silver - No Ending Action, But End May Be Near - 28th Nov 15
Social and Cultural Distress Dividing The Nation - Fourth Turning - 28th Nov 15
Sheffield Houses Prices 2015, Best Estate Agents As Rated by Buyers and Sellers - 28th Nov 15
Stock Market Top Valuations, at a Critical Juncture - 27th Nov 15
The Top Shopping Opportunity on Black Friday - 27th Nov 15
Economics Is About Scarcity, Property, and Relationships - 27th Nov 15
UK Immigration Crisis Hits New Extreme of 336k Net Migration, up 32% on 2014 - 27th Nov 15
Vauxhall Zafira B Fire Danger Recall - What to Do Video - 26th Nov 15
Triggers In US Dollar Collapse - 26th Nov 15
Apple Stock is a 10-Year Short - Bear Market Environment - 26th Nov 15
U.S. Federal Reserve Rate Hike - 26th Nov 15
George Osborne's War on Buy to Let Sector Trending Towards Doomsday - 26th Nov 15
Will Turkey Drag NATO into War With Russia in Syria? - 25th Nov 15
George Osborne’s Autumn Statement and Spending Review Full Text - 25th Nov 15
Will Fresh QE From ECB Boost Gold? - 25th Nov 15
Sheffield, Yorkshire and Humberside House Prices Forecast 2016-2018 - 25th Nov 15
Investors Watch Out For The Auto Industry… - 24th Nov 15
BEA Revises 3rd Quarter 2015 US GDP Economic Growth Upward to 2.07% - 24th Nov 15
Stock Market Supports Are Being Broken - 24th Nov 15
Is Gold Price on the Verge of a Breakout? - 24th Nov 15
Fed’s Tarullo: U.S. Interest Rates Liftoff Should Wait for Signs of Inflation - 24th Nov 15
Silver Price, COT, US Dollar Updates and More - 24th Nov 15
UK Regional House Prices Analysis - Video - 23rd Nov 15
Crude Oil Swinging For The Fences - A 20 to 1 Option Play - 23rd Nov 15
US Dollar, CRB, Oil, Gas, Copper and Gold - The Chartology of Deflation - 23rd Nov 15
UK Regional House Prices, Cheapest and Most Expensive Property Markets - 23rd Nov 15
Stock Market Rally Losing Momentum? - 23rd Nov 15
Will Gold Price Drop Below $1000 Soon? - 23rd Nov 15
Gold and Silver Sector Big Green Light and Low Risk Entry Setup... - 23rd Nov 15
Limits to Economic Growth - Challenge and Choices - 22nd Nov 15
Long Dollar Trade and Current Copper Price Below Cost of Production - 22nd Nov 15
UK Housing Market House Prices Affordability Crisis - Video - 21st Nov 15
The Fed Has Set the Stage for a Stock Market Crash - 21st Nov 15
Stock Market Primary V Wave Continues - 21st Nov 15
Gold And Silver - Value Of Knowing The Trend - 21st Nov 15
UK Footsie Bulls Set To Foot The Bill - 21st Nov 15
UK Housing Market Affordability, House Prices Momentum and Trend Forecast - 21st Nov 15
GDX Gold Miners’ Strong Q3 Results - 20th Nov 15
End of Schengen, Stock Market’s Technical Strength Grows - 20th Nov 15
Justice for All and The Curious Case of Zambia - 20th Nov 15
Paris, Sharm el-Sheikh, and the Resurrection of Old Europe - 20th Nov 15
Silver Prices and The Management of Perception - 20th Nov 15
Stock Market Nifty-Fifty Becomes Fab-Five; Return of the 'Four Horseman' - 20th Nov 15
Waiting for Goldot Again - 20th Nov 15
Michael Curran Goes Down-Market Shopping for Gold Stock Winners - 20th Nov 15
Why Isn’t This Incredibly Bearish Bond Market Development Making the News? - 19th Nov 15
SPX Appears to have Stopped its Rally - 19th Nov 15
The Great Fall Of China Started At Least 4 Years Ago - 19th Nov 15
Using Elliott Waves: As Simple As A-B-C - 19th Nov 15
Has Deflation Been Ddefeated? - 19th Nov 15
Dow Jones Stock Market Index is Not Going to Crash - 19th Nov 15

Free Instant Analysis

Free Instant Technical Analysis

Market Oracle FREE Newsletter

Reasons to Get Excited About Japanese Stocks

Cap & Tax , The Sun Causes Global Warming and Cooling…Climate

Politics / Climate Change Sep 29, 2009 - 02:56 AM GMT

By: Mark_B_Rasmussen


Best Financial Markets Analysis ArticleThe Sun Causes Global Warming and Cooling…Climate Change!! 

This is not my opinion; links to the most comprehensive and current scientific reports are included below.

The (unread) Waxman/Markey (Cap & Tax) Energy Bill (1,428 pages) is the largest regressive tax (hurting the poor the most) ever proposed.

"Energy costs will necessarily skyrocket." (Barrack Obama in his own words)

Bankrupt coal industry and coal electrical generation in his own words (49%% of our electrical generation)

(start at 55 seconds if you are in a hurry).

Cap & Trade Exposed

Let me be clear.  I have a dream, that one day men will not be judged by the color of their skin or the quality of their rhetoric, but by their actions, truthfulness and the content of their character!

The Science

Founder of The Weather Channel and 30,000 scientists sue Al Gore for Fraud.

On 03/09/2009 a 98-page report on climate change was produced by the Environmental Protection Agency (EPA).  This is the most comprehensive and up-to-date report by the EPA on climate change. Author - Alan Carlin (38 years with the EPA, B.S. – Physics from California Institute of California (Cal Tech), PhD. Economics - Massachusetts Institute of Technology (MIT). 

     1.2     Global Temperatures Have Declined Significantly   

Global temperatures have declined (Figure 1a) - extending the current run of time with a statistically robust lack of  global temperature rise to eight years (Figure 1b), with some people arguing that it can be traced back for 12 years (Figure 1c). 

Here is the full report with great tables, graphs and bibliography. 

This report has been ignored by our political representatives; it has been suppressed and is not on the EPA website any longer.  The whole premise of the legislation is a hoax and a fraud that would cost all Americans $Trillions and millions of jobs. 

Climate Change Reconsidered – 880 page 2009 report – Heartland Institute

In April, the Polish Academy of Sciences published a document challenging man-made global warming….Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming "the worst scientific scandal in history." Norway's Ivar Giaever, Nobel Prize winner for physics, decries it as the "new religion."

From the “Better Than Fiction Files –Record low temperatures in Al Gore’s hometown of Nashville.

The Analysis

A similar scheme has been implemented in Europe and has been an abysmal failure.  

Job Loss Analysis (1,145,000 per year)

The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million each year.

This is being proposed while we are having the fastest job losses and highest unemployment in at least 26 years…so far.

Cap & Trade Dementia

CEI (Competitive Enterprise Institute) released a memo, written by the presidential transition team 11/06/2008, "economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation."

The CEI (Competitive Enterprise Institute) obtained a memo from the U.S. Treasury Department (Dated 03/09/2009) through a Freedom of Information Act request (the memo removed from the website), and said: "The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent." They added: "At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year."

305 Million people / $141.43 Billion Annual Carbon Tax (1% of GDP) = 463.70 per person per year or $1,854 per year ($154.50 per month) for a household of 4.

Mr. Obama and Mr. Waxman (Bill sponsor) having access to the above reports have repeatedly stated that it would cost “approximately the cost of a postage stamp per day” $.43 X 365 = $156.95 per year, understated by 1181%. 

Now, China and many other nations will be very happy to accept businesses leaving America and filling our lost jobs with their own citizens, due to higher energy costs for everything in this country. They will increase global CO2 emissions more than we reduce them because those countries are less energy efficient than we are. Some companies will close in America, sell their CO2 credits and set up in China, India, and Vietnam, etc. What a gift we are giving the rest of the world. Fifty-two percent of our electricity is produced by “dirty coal.”  We import over 70% of our liquid fossil fuels (from several unfriendly and unstable countries, i.e., Nigeria, Venezuela and Mexico (unprecedented production decline)). Ninety seven (97%) of our transportation system depends on liquid fossil fuels. Airplanes, ships, trains, large trucks, agricultural and mining equipment do not run on solar panels (only when there is sunlight), wind turbines (only when there is wind), geothermal, tides, biomass, hydroelectric or nuclear power. There is no short term alternative and we have no viable “Plan B.” One million electric cars (that don’t exist} is less that 0.5% of the estimated 220 million car fleet in the U.S. The average rate of turn over of our vehicle fleet is less than 5% per year, taking 22 years to convert our entire vehicle fleet if not one more new conventional fuel car is ever sold again – delusional.  How long will it take and how much will it cost to replace 150 years of “dirty coal” burning power plants (49% of total electrical generation)?  Our Energy Policy is an impending disaster with a Capital “D,”.

We will have climate change—it has happened over the entire history of the earth, with or without mankind.

The deceit, treachery and lying (not misinformation, disinformation or untruth) done to impose this on the American public is an OUTRAGE!!  This is not an honest mistake.  The whole premise is a lie and there are 1,428 pages of cryptic, hidden, buried and undesirable provisions in there.  The prima facie case is that the whole premise is a deliberate lie and therefore none of its contents can be trusted…..again!

"If a nation expects to be ignorant and free, it expects what never was and never will be."  - Thomas Jefferson

A better idea.

The American Society of Civil Engineers (ASCE) has given the U.S. an overall "D" grade in 15 categories of infrastructure and we need to spend $2.2 trillion over the next 5 years or have more (broken power line in Ohio causing a 55 million person blackout) catastrophic levee failures like New Orleans and the Midwest last year, the bridge failure in Minneapolis in 2007—an urgent and immediate need providing real jobs for many already skilled and qualified Americans. 

House of Representatives (Roster by State)

(Cap & Tax)  American Clean Energy and Security Act of 2009 (Placed on Calendarin Senate) [H.R.2454.PCS] (1,428 pages) .

Senate (Roster by State)

Senate (Active Legislation)

By Mark B. Rasmussen

Mark is a real estate appraiser/broker by profession

Copyright © 2009 Mark B. Rasmussen

Mark B Rasmussen Archive

© 2005-2015 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Biggest Debt Bomb in History