Hello Desert Conservative Visitor,
You know the list.
First, there was the mortgage bailout that rewarded reckless borrowers and high-flying lenders who made bad decisions when the market was booming…
Then taxpayers had to endure the TARP abomination as we were told Wall Street needed the money…
Then there was Obama’s infamous “stimulus” plan; more easy money for irresponsible banks and businesses…
And then the auto-bailout turned a failing General Motors into “Government Motors” overnight.
Think Obama and his liberal allies in Congress have had enough? Think again!
SIGN THE PETITION TO CONGRESS
FreedomWorks has learned that big businesses are negotiating their next deal right now behind closed doors…the “Energy Bailout,” which will benefit a handful of rent-seeking companies such as D uke Energy and Caterpillar Construction through the passage of a massive cap and trade energy rationing scheme that will help their bottom-lines, but stick taxpayers with higher taxes and higher energy prices.
The cap and trade bill has already passed the House of Representatives and companion legislation has been introduced in the Senate as well. Should it pass, cap and trade would hit American families hard, with costs estimated as high as $1,300 per household by the year 2015. In addition, cap and trade would stifle economic growth and weaken American businesses.
Still, some companies like Duke, Caterpillar, and others that belong to the so-called USCAP (U.S. Climate Action Program) coalition are actively working with Obama and others on the Left to pass a bill because they have negotiated sweetheart deals that could mean literally hundreds of billions of dollars to their businesses…never mind how it will increase energy costs, hurt jobs, and weaken our economy as a whole. This is not unlike many of the banks and gold-plated investment houses that worked to game the system and carve out their own deals during the debates over TARP and the stimulus.
At FreedomWorks we support capitalism and entrepreneurship and want to see American businesses and industry succeed, but through the free market and not through high-paid lobbyists negotiating self-interested backroom deals in Congress. Cap and trade amounts to nothing more than just another taxpayer-funded bailout and its time to tell Congress enough is enough!
Sign the Petition and let Congress know this next bailout will not stand!
Sincerely,
Dick Armey
November 6th, 2009 at 6:52 pm
Agree that Cap and Trade is wrong
- whether one is for or against emission control
The issues are emission reduction and future energy supply.
Given the uncertainty of the effects of emission reduction on global temperature – and given the expense of emission reduction – the key is
to engage in activites which
1. Are valuable in themselves.
2. Meet emission reduction targets with minimal business disruption and expense.
Sufficient first phase 2020/2030 emission reduction, for 2020 typically quoted at 15-20% reduction, is achieved by acting on electricity generation (coal, gas) and transport (mainly automobiles) alone,
since these 2 sectors account for nearly 80% of CO2 emissions.
This can be done with emission tax (for cars, allowing free choice) and emission limits for CO2 (for electricity generation), without any emission trading.
The focus on electricity and transport gives several advantages:
1. Local environmental benefit from less pollution of sulphur and all else that’s in the emissions, regardless of the less certain or immediate global benefit from CO2 reduction.
2. Electricity supply alternatives which together with improved grid distribution gives better competition and keeps down electricity bills for consumers.
3. Transport alternatives (using electricity, hydrogen and other energy sources), which give variety of choice and competition advantages for consumers, additionally reducing the dependency on oil imports.
4. No trade problems: Unlike Cap and Trade, which involves cement, steel and other industries having to face imports from unregulated countries, the here suggested electricity and transport changes are not just more limited, but also largely local.
In 2020 (and again 2030), from then available evidence, either
1. There is increasing consensus that reduction attempts have no value: In that case little has been lost, since the described changes in electricity and transport industry carry their own benefit, or
2. Consensus remains that CO2 emission reduction should continue, in which case America is on track,
and may continue with more specific emission reduction efforts towards 2050 that extend electricity and transport measures,
and can involve other industries if necessary.
Funding and Impact
Equity and long term loan finance can be used: Long term industrial loans from financial institutions, particularly if federal/state guaranteed, give low yearly interest repayments and lessen the effect on electricity bills or transport cost.
The impact on the businesses is further lessened by the stability and predictability surrounding the funding.
Since only electricity and transport are involved, other business continues as usual and consumers and society in general are spared expense and disruption.
This is even more obvious from having no energy efficiency regulation either.
Compare with
today’s all-encompassing Cap and Trade (emission trading) suggestions,
with unpredictability, expense, and needless disruption from normal business practice on one hand, or unnecessary profiteering from free allowance handouts with little actual emission reduction on the other hand, together with extensive energy efficiency regulation on what
people can or can’t buy and use.
—————————————-
Emission Policy Alternatives
http://ceolas.net/#cce1x
Introduction: The need – or not – to deal with emissions
The Overall Picture
Emission sources, land and ocean cycles, agriculture and deforestation
1. Direct Industrial Emission Regulation
Mandated reduction of CO2, monitored like other emission substances
2. Carbon Taxation
Fuel Tax — Emission Tax
3. Emission Trading (Cap and Trade)
Basic Idea — Offsets — Tree Planting — Manufacture Shift — Fair Trade — Surreal Market — Allowances: Auctions + Hand-Outs — Allowance Trading — Companies: Business Stability + Cost — In Conclusion
4. Contracted CO2 Reduction
Private companies compete for contracts to lower CO2 emissions.