Tag Archives: Cap and Trade

News

Evaluating Sarah Palin’s speech in Hong Kong

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Sarah Palin giving a speech on economic policy
Sarah Palin giving a speech on economic policy

Story from the Wall Street Journal. (H/T Caffeinated Thoughts, Muddling Towards Maturity)

Let’s take a look at her speech.

Somebody has been reading Thomas Sowell’s book “A Conflict of Visions”, in which he talks about “the constrained vision” and “the unconstrained vision”.

We don’t believe that human nature is perfectible; we’re suspicious of government efforts to fix problems because often what it’s trying to fix is human nature, and that is impossible. It is what it is.

Here’s her defense of the free market.

Lack of government wasn’t the problem. Government policies were the problem. The marketplace didn’t fail. It became exactly as common sense would expect it to. The government ordered the loosening of lending standards. The Federal Reserve kept interest rates low. The government forced lending institutions to give loans to people who, as I say, couldn’t afford them. Speculators spotted new investment vehicles, jumped on board and rating agencies underestimated risks.

The speech also discusses cap-and-trade, free trade, and more.

Critical acclaim

Caffeinated Thoughts did a great job of linking some of the reactions from the left.

The New York Times:

A number of people who heard the speech in a packed hotel ballroom, which was closed to the media, said Mrs. Palin spoke from notes for 90 minutes and that she was articulate, well-prepared and even compelling.

“The speech was wide-ranging, very balanced, and she beat all expectations,” said Doug A. Coulter, head of private equity in the Asia-Pacific region for LGT Capital Partners…

[…]Mr. Goodé, a New Yorker who said he would never vote for Mrs. Palin, said she acquitted herself well.

“They really prepared her well,” he said. “She was articulate and she held her own. I give her credit. They’ve tried to categorize her as not being bright. She’s bright.”

My view? I say that Thomas Sowell prepared her. She probably ordered all his books from Amazon.com. Then she read them all at the kitchen table, with her glasses on and a laptop in front of her for her notes.

I am becoming more and more comfortable with her as a solid advocate for my point of view.

Check out her Facebook page where she’s been writing lately.

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News

Obama administration finds cap-and-trade costs families $1,761 a year

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Story from CBS News. (H/T ECM)

Excerpt:

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.

So much for the “working families” rhetoric of the communists.

News

NOAA: summer temperatures were below average

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Here is the story from the NOAA News. (H/T Watts Up With That via ECM)

Chart:

summer09statewidetempranks

Excerpt:

  • For the 2009 summer, the average temperature of 71.7 degrees F was 0.4 degree F below the 20th Century average. The 2008 average summer temperature was 72.7 degrees F.
  • A recurring upper level trough held the June-August temperatures down in the central states, where Michigan experienced its fifth, Wisconsin, Minnesota, and South Dakota their seventh, Nebraska its eighth, and Iowa its ninth coolest summer. By contrast, Florida had its fourth warmest summer, while Washington and Texas experienced their eighth and ninth warmest, respectively.
  • The Michigan, Wisconsin, Iowa and Minnesota region experienced its sixth coolest summer on record. Only the Northwest averaged above normal temperatures.

I’m pretty sure that this indicates a long-term trend towards catastrophic global warming!