The duplicitous politics of money, power, control and corporate rent-seeking
The climate “crisis” is a “moral issue that requires serious debate,” Al Gore proclaimed in an April 27 AlGore.com blog post.
But Gore froze like a terrified deer in headlights, and Chairman Henry Waxman told the UK climate expert he was uninvited.
Even more devastating to alarmist claims, long-held assumptions about the deep Atlantic counter-current or “conveyor belt” below the Gulf Stream have been undermined by recent studies. Those assumptions underlie many climate models and their scary worst-case scenarios about alleged planetary crises. The models and GIGO scenarios are now even more questionable.
Yet, model results are constantly portrayed as “evidence” – “proof” that immediate, drastic action is required to avert disaster. Nonsense. Climate changes and their causes are complex, our knowledge is still limited, and the inputs and assumptions are deficient.
Climate models are no more reliable than computer predictions of future Super Bowl winners and scores.
None of this apparently matters to congressional leaders, Climate Action Partnership members or other professional alarmists and rent seekers. If anything, it has spurred them into even hastier action, to transform America’s energy and economic system, regardless of the consequences. Waxman-Markey was approved by the E&C Committee May 21 on a mostly party-line vote.
A recent Lauer Johnson Research poll found 78% of respondents saying even a $600 per year increase in utility bills would be a “hardship.” They should be so lucky.
Compared to no cap-and-tax regime, Waxman-Markey would cost the United States a cumulative $9.6 trillion in real GDP losses by 2035, according to an updated study by the Heritage Foundation’s Center for Data Analysis. The bill would also cost an additional 1.1 million jobs each year, raise electricity rates 90% after adjusting for inflation, cause a 74% hike in inflation-adjusted gasoline prices, and add $1,500 to the average family’s annual energy bill, says Heritage.
That was a few days before he and his Democrat colleagues voted against amendments to Waxman-Markey that would have suspended the punitive law if electricity prices go up more than 10% after inflation, unemployment reaches 15% or gasoline prices hit $5. What will he tell that single mom?