Global Warming Comes to Congress
John Hinderaker is sounding the alarm on the Lieberman-Warner climate control bill which comes to a vote in the Senate next week. John writes:
The EPA estimates that by 2030 it will reduce GDP by 0.9% to 3.8%, and that is based on assumptions that appear hopelessly optimistic. Even the EPA’s assumptions contemplate an additional increase of 44% in the cost of electricity over what would occur without Lieberman-Warner.
The Wall Street Journal seems way too optimistic about the chances of having a productive debate on the subject. The editorial seems to think that Democrats and voters will come around on climate change if only we had the chance to educate them as to the error of their ways.
It doesn’t work that way. If educating the public would do away with the climate change fantasies of Democrats and some notable Republicans, we wouldn’t even be having the debate. Joe Lieberman is not a fool; a lack of information on the subject is not what impels his desire to legislate our economy into disaster.