Hey, what do you know? EPA admits cap and trade won’t work!

Well then, can we just scrap it? Ha! Not on your life!

Via Heritage

Barbara Boxer had the nerve to say Crap and Tax won’t involve any tax increases. Funny, huh?

But it gets worse. Although estimates of the cost of Crap and Tax range from $5.7 trillion to $9 trillion, democrats want to push forward anyway. Despite the fact that even the EPA says it won’t work.

EPA Administrator Jackson confirmed an EPA analysis showing that unilateral U.S. action to reduce greenhouse gas emissions would have no effect on climate. Moreover, when presented with an EPA chart depicting that outcome, Energy Secretary Steven Chu said he disagreed with EPA’s analysis.

“I believe the central parts of the [EPA] chart are that U.S. action alone will not impact world CO2 levels,” Administrator Jackson said.

Sen. James Inhofe (R-Okla.) presented the chart to both Jackson and Secretary Chu, which shows that meaningful emissions reductions cannot occur without aggressive action by China, India, and other developing countries. “I am encouraged that Administrator Jackson agrees that unilateral action by the U.S. will be all cost for no climate gain,” Sen. Inhofe said. “With China and India recently issuing statements of defiant opposition to mandatory emissions controls, acting alone through the job-killing Waxman-Markey bill would impose severe economic burdens on American consumers, businesses, and families, all without any impact on climate

Well isn’t that special? All cost and no gain – sounds like the new US foreign policy. So if this massive job killing bill – that’s so bad they plan for massive job losses in the bill - isn’t going to do a darn thing to help the climate, why is it still on the table?

This entry was posted on Thursday, July 9th, 2009 at 1:50 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.