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Home Front Economy
US climate bill dies; hope for 2009
2008-06-07
A U.S. carbon-capping bill aimed at curbing climate change died on Friday in the Senate but its supporters looked to the next president to enact a global warming law as early as 2009.

The bill aimed to cut total U.S. global warming emissions by 66 percent by 2050. Opponents said it would cost jobs and raise fuel prices in an already pinched American economy. Far from being discouraged, Sen. Joe Lieberman said international observers would be gratified that the measure got support from a majority in the Senate, including presumptive presidential nominees John McCain and Barack Obama.
Posted by:Fred

#7  I hope they get this done before Global Cooling starts. Otherwise, they'll look like a bunch of nitwits. Bigger nitwits than they already are, I mean.
Posted by: SteveS   2008-06-07 22:30  

#6  Whole lot of people want to do a bunch of stupid things because it makes them "feel good". Because of their stupidity, gas is currently at $4 a gallon and set to go higher; the cost of food is increasing because they're diverting money to pay for "gasahol"; the cost of EVERYTHINB is going higher because the cost of transportation is higher; the cost of utilities will increase by 50%-150% while they play games with a "cap-and-trade" shell game; and more and more people in the United States will feel the pinch every day. In the end, it may take an armed rebellion to put an end to such "feel-good" stupidity.
Posted by: Old Patriot   2008-06-07 22:05  

#5  Senators are Senators. They want power without responsibility. They don't want to be blamed for the INEVITABLE economic downturn that would be the DIRECT RESULT any carbon capping scheme. They just about came out and said as much in the text of S. Res. 98 when they voted against Kyoto back in the 1990's.

Any treaty must:

(A) not adverely affect the economic growth of the U.S.

and

(b) include all nations
Posted by: Helmuth, Speaking for Thusoling9307   2008-06-07 16:56  

#4  Precisely.

I can't believe they're talking about this sort of thing AFTER a significant fraction of the steel plants in this country have been chopped up into scrap and shipped to China to feed their steel mills.
Posted by: Abdominal Snowman   2008-06-07 14:31  

#3  IOW, WHY SHOULD THE USA UNILATERALLY DESTROY ITS OWN ECONOMY WHEN IT NOT EVEN THE BIGGEST CO2 ABUSER???

Why? Because it will make a certain cadre of people Feel Good for having done so. And most of them already Got Theirs... the rest of us be damned.
Posted by: eLarson   2008-06-07 09:48  

#2  Please note that neither McCain nor Obama have yet assumed the mantle of President. Until then, they can voice support wherever they see fit.
Posted by: gorb   2008-06-07 02:13  

#1  KOX ALL-STARS PANEL > KRAUTHAMMER - opined thats its USELESS for the USA to agree to any CLIMATE CHANGE BILL becuz (1) WILL SERIOUSLY DAMAGE OR DESTROY THE US ECONOMY IN ORDER TO SATISFY ITS REQUIREMENTS; + (2) CHINA, INDIA [two largest CO2 emitters] are NOT on board.

IOW, WHY SHOULD THE USA UNILATERALLY DESTROY ITS OWN ECONOMY WHEN IT NOT EVEN THE BIGGEST CO2 ABUSER???
Posted by: JosephMendiola   2008-06-07 01:01  

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