Fixing Global Warming, At What Cost?

There’s going to be one helluva price to pay for fixing a problem that is not there. If the Senate approves a bill introduced by Lieberman and Warner it will not only bring on a recession, it will likely top the Great Depression of ’29. This rushing to appease everyone will be the death of the USA. Steve Milloy studies these things and is an expert in the field of junk science. Here is some of what he has to say.

Just this week, the Environmental Protection Agency issued its economic analysis of the Lieberman-Warner global warming bill that is now being considered by the Senate. The EPA projects that, if the bill is enacted, the size of our economy as measured by its gross domestic product (GDP) would shrink by as much as $2.9 trillion by the year 2050. That’s a 6.9 percent smaller economy than we might otherwise have if no action was taken to reduce greenhouse gas emissions.

For an idea of what that might mean, consider our current economic crisis. During the fourth quarter of 2007, GDP actually increased by 0.6 percent, yet trepidation still spread among businesses, consumers and the financial markets. Though the EPA says that Lieberman-Warner would send our economy in the opposite direction by more than a factor of 10, few in Congress seem concerned. For more perspective, consider that during 1929 and 1930, the first two years of the Great Depression, GDP declined by 8.6 percent and 6.4 percent, respectively.

And just what will we gain from destroying America? Of course it will be nothing, because man does not cause global warming. It’s cyclical. But here Steve shows what might be gained by destroying our economy.

The EPA says that by the year 2095 — 45 years after GDP has been slashed by 6.9 percent — atmospheric carbon dioxide (CO2) levels would be 25 parts per million (ppm) lower than if no greenhouse gas regulation was implemented.

Keeping in mind that the current atmospheric CO2 level is 380 ppm and the projected 2095 CO2 level is about 500 ppm, according to the EPA, what are the potential global temperature implications for such a slight change in atmospheric CO2 concentration? Not much, as average global temperature would only be reduced by a maximum of about 0.10 to 0.20 degrees Celsius, according to existing research.

Sacrificing many trillions of dollars of GDP for a trivial, 45-year-delayed and merely hypothetical reduction in average global temperature must be considered as exponentially more asinine than the dot-bombs of the late-1990s and the NINJA subprime loans that we now look upon scornfully.

The Global Warming Cult will be the death of this great nation if they are not stopped. You really need to read the rest of this great article. Steve tells of the speech he gave, the way he was ignored, and how it’s all about making money, the world be damned. As always it’s all about greed, so, Follow The Money!

The Rest Here

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: