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Politics : Politics for Pros- moderated

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To: gamesmistress who wrote (251953)	5/28/2008 12:18:28 PM
From: KLP	Read Replies (1) of 793955

Powerline says: LOOMING DISASTER MAY 28, 2008 Next week, the Senate will vote on the Lieberman-Warner cap-and-trade climate control bill. The proposed statute is a nightmare that would devastate our economy. The Wall Street Journal calls it "the most extensive government reorganization of the American economy since the 1930s." The EPA estimates that by 2030 it will reduce GDP by 0.9% to 3.8%, and that is based on assumptions that appear hopelessly optimistic. Even the EPA's assumptions contemplate an additional increase of 44% in the cost of electricity over what would occur without Lieberman-Warner. The Chamber of Commerce has charted the various regulations, mandates and timelines that Liberman-Warner would dictate; click to enlarge: powerlineblog.com The idea that American voters can change the Earth's climate is folly. The danger that voters could choose to cripple our economy is, however, very real. Posted by John at 9:52 AM

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