Here’s what the Waxman-Markey energy bill will do for you

“Nothing. Zip. Zero. Zilch. There are no benefits for the American people in the Waxman-Markey energy tax bill. Whenever defenders of the free market point out how much an energy tax will cost the economy, the enviro-left always tries to change the subject to “the cost of inaction.” But here is the dirty little secret about Waxman-Markey: it does nothing to prevent global warming/climate change whatever you want to call it. And that is before House Democrats gutted the bill.” Heritage.org Indeed, in a Congress full of downright scary people, thieves, murderers, adulterers, and brain dead, Henry Waxman reigns supreme.

Here are the numbers. My detractors always want the facts, not the unintended consequences, not the run up to the War on the Economy by smart investors and CEOs who were ducking for cover hiding their assets in foreign countries as soon as an Obama presidency was on the horizon, while contributing to his campaign. Not an historical survey of the Kulaks loss of property and life by Stalinists. OK, here they are. Here’s what higher prices on everything for the sake of a global warming myth looks like. Waxman's energy bill will mean the loss of your job (especially if you are paid on local tax money such as a teacher, librarian, policeman, street sweeper, dog catcher, etc.)

By the year 2050, the “clean” version reduces projected global temperatures by 0.044ºC (or ~3% less than the rise without the legislation), the “dirty” version gets you about half of that, or 0.022ºC (~1.5% less), and the “dirtier” version saves half of that again, or 0.011ºC (<1% less). By century’s end, you don’t do much better–the temperature reduction amounts to, respectively, 0.112ºC (0.20ºF), 0.046ºC (0.08ºF), and 0.013ºC (0.02ºF).

They only crunched the job loss numbers on the clean version and found it would reduce aggregate gross domestic product (GDP) by $7.4 trillion by 2035 and destroy 844,000 jobs annually. Maybe on your planet that sounds like a worthwhile trade, but not on mine!