A Green Trojan Horse

Got higher gas prices yet? What's the real Obama energy agenda? Fred Barnes, TWS.

Heritage: Questions on the cost of cap and trade. The EPA lowballs the numbers:

The Environmental Protection Agency's (EPA) analysis of the economic impact of the Waxman-Markey climate change bill relies on a variety of assumptions. These assumptions strongly bias the cost downward when compared to the results of studies done by the Center for Data Analysis (CDA) at The Heritage Foundation and by CRA International for the National Black Chamber of Commerce.[1]

CRA's economic analysis projects that by 2030 Waxman-Markey would reduce national GDP by roughly $350 billon below the baseline level, cut net employment by 2.5 million jobs (even after accounting for new "green" jobs), and reduce an average household's annual purchasing power by $830.[2] These projections compare with the devastating consequences found by The Heritage Foundation's CDA.[3]

Lessons from the failed EU cap and trade, a green Trojan Horse. Forbes:

The European Union used a similar tactic of payoffs-via-permits to gain support for its carbon trading market. After nearly five years, this system has yet to deliver reductions in greenhouse-gas levels there, despite saddling European households with higher energy costs. A U.S. system will likely pan out the same way. The bill is a "green" Trojan horse that would deliver little, if any, climate benefits while instituting regulations that would greatly expand government's control over our lives.

As if we need more of that these days. And the upshot--higher gasoline prices, higher prices across the board--at a time when we're already worried about inflation as a result of all that big government spending and debt sloshing around. 

Drill more, drill here,  safer than Mother Nature, and we need nuclear, not all this other trickery. And for the real global warming facts, Heartland's latest report.