We all lose in the "The global warming cap-and-trade bill (S. 2191)"

Posted on December 5, 2007. Filed under: CarbCrap |

Bill S.2191 Facts – What you don’t know could kill U.S. (Econ)
  • ..electricity prices increasing by 8 percent and, importantly, carbon emissions increasing 3 percent.
  • ..(will increase energy bills 50%.,)  energy bills were cited as one of the two main reasons for homelessness,
  • ..raise  welfare costs over 40 years and up to $1 trillion per year by 2050
  • ..bill would cost “hundreds of billions of dollars.” The American Council for Capital Formation’s analysis on Nov. 8 found the bill will lead “to higher energy prices, lost jobs and reduced [gross domestic product].”
Moreover, U.S. plants are more efficient than China’s plants, so this bill could cause net global emissions to increase, not decrease.
 
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