|A Threat To American Progress|
|Written by K. Daniel Glover|
|Wednesday, 12 August 2009 09:41|
Cheap energy and the jobs that come with it have improved the lifestyles of millions of Americans. But environmentalists' contempt for fossil fuels and the panic they have stoked about global warming pose a threat to the American way of life.
The Heritage Foundation drives that point home in a new economic analysis of legislation the House passed in June to cap carbon dioxide emissions. The costs of gasoline and electricity for the average American family would soar, and the economy as a whole would take a huge hit.
Here is a recap of the damage the House-passed bill would cause, via the Power Line blog:
Americans For Tax Reform also highlighted the potential damage from global warming hysteria in its latest "Cost Of Government Day" report, which calculates the date on which the average American finishes paying for federal, state and local taxes, and regulation. The report, released today, includes a case study on "cap and trade" legislation.
Americans had to work nearly an extra month to fund their governments in 2008 -- Aug. 12 last year versus July 16 in 2007. If the House-passed cap-and-trade bill were enacted, ATR estimates that it would cost Americans three more days of work to keep their governments funded.
No wonder people in the heartland are rallying en masse to protect their jobs.
Share this page on your favorite Social Websites...