Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: TimF	6/10/2009 1:50:51 PM
	1 Recommendation of 224751

Brookings: Cap and Trade Will Cost Jobs and GDP The Brookings Institution released their own analysis of analysis on the costs of cap and trade yesterday. Unlike Heritage’s recent Center for Data Analysis study, the Brookings effort does not analyze any particular bill, but does look at the economic costs of four policy scenarios. Their conclusions: Welfare effects * Loss in Personal Consumption of $1 to $2 trillion present value * Incremental stringency produces high incremental cost, e.g. extra 8 % reduction increases costs 45% * US GDP in 2050 lower by 2.5% Employment effect * -0.5% at peak in first decade This Brookings study confirms what the EPA, IPCC, RFF, MIT, and The Heritage Foundation have all already reported: carbon cap and trade is a jobs and GDP killer. blog.heritage.org

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