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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: rich evans who wrote (70699)	4/3/2009 2:00:21 AM
From: Sully-	Respond to of 90947

Good points Rich. The thing is all of this almost $2 Trillion lending/investment is so unprecedented that there really is no way to tell how that will turn out. Add to it the massive increases in deficit spending that will most likely get worse every year. Add to that the massive increase in welfare rolls & lengthy increases in folks on unemployment that will take untold millions from paying taxes where they will be living on our tax dollars. What will happen when interest rates spiral upward because globally governments will be competing for borrowing untold trillions in Tarps, "stimulus" spending & increased deficits? And what will happen when we see inflation ramp up [from all the global borrowing & the "green" programs that will make the cost of living "necessarily skyrocket"? And what will happen when the Fed tightens the money supply & further increases interest rates attempting to keep inflation under control? And.... And.... And....

To: rich evans who wrote (70699)	4/3/2009 6:07:27 AM
From: Sully-	Read Replies (1) \| Respond to of 90947

Re: Re: The Climate Change Debate Cliff May The Corner Dr. Robert Zubrin argues here that "cap and trade" is likely to increase carbon production and will make us more, not less, dependent on energy controlled by hostile regimes. Zubrin writes that <<< by imposing a costly tax on the U.S. economy, cap-and-trade will cause American-made goods to cost more, allowing them to be displaced to an ever greater degree by those manufactured elsewhere, most notably China. As a result, the American economy will contract while the Chinese economy expands at U.S. expense. Since an even larger fraction of Chinese electricity and industrial process heat comes from coal than does American, the net effect of the cap-and-trade system will therefore be to increase the total carbon emissions released into the Earth’s atmosphere, not decrease it. However not only will Chinese industrialists obtain a larger market share for their products, they will be able to charge more for them, since their competition will be priced even higher. Thus the big losers overall will not only be American manufacturers and workers, but the world’s poor. It is very unfortunate that the Obama administration has embraced a policy so thoroughly lacking in merit as cap-and-trade. If the goal is to reduce carbon emissions, this could be effectively advanced by removing obstacles to expansion of nuclear power. Instead, the administration has acted to dramatically reinforce such obstacles, most notably by halting the development of a permanent nuclear waste repository at Yucca Mountain, Nevada. >>> corner.nationalreview.com