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Commentary

Sarah Palin crushes cap-and-trade in the Washington Post

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Sarah Palin’s op-ed in the Washington Post is called “The ‘Cap And Tax’ Dead End”. (H/T Watts Up With That, Gateway Pundit, Stop the ACLU)

Excerpt:

American prosperity has always been driven by the steady supply of abundant, affordable energy. Particularly in Alaska, we understand the inherent link between energy and prosperity, energy and opportunity, and energy and security. Consequently, many of us in this huge, energy-rich state recognize that the president’s cap-and-trade energy tax would adversely affect every aspect of the U.S. economy.

There is no denying that as the world becomes more industrialized, we need to reform our energy policy and become less dependent on foreign energy sources. But the answer doesn’t lie in making energy scarcer and more expensive! Those who understand the issue know we can meet our energy needs and environmental challenges without destroying America’s economy.

Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.

In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.

The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.

…The Americans hit hardest will be those already struggling to make ends meet. As the president eloquently puts it, their electricity bills will “necessarily skyrocket.” So much for not raising taxes on anyone making less than $250,000 a year.

Even Warren Buffett, an ardent Obama supporter, admitted that under the cap-and-tax scheme, “poor people are going to pay a lot more for electricity.”

Meh. It’s merely excellent. Somewhat superlative.

Not nearly as good as Michele Bachmann could do, and Michele is conservative on vouchers and illegal immigration, unlike Sarah. See, Sarah writes about supply-side economics once in a while, but Michele gives passionate speeches about supply-side economics every day:

And Michele likes Christian apologetics more than Sarah! Sarah probably doesn’t even know who William Lane Craig is! Michele should be President, Sarah can be Secretary of Energy.

Ed Morrissey at Hot Air comments on Sarah’s article:

We need to make all of this clear.  Cap-and-trade rations energy production, which means there will be less of it for a long time.  Alternatives are not ready for the kind of mass production that would allow a complete replacement of energy, and probably won’t be for decades, if ever in some cases (notably wind power, as GreenChoice showed and as T. Boone Pickens finally realized).  That means a lower standard of living that will impact America regressively, with the lowest income earners getting hit the hardest.  The drain on the economy from high energy prices means less jobs and higher retail prices for goods and services, again a regressive consequence of energy rationing.

Obama and his Utopian allies promise that government will help close the gap by offering more services to the unemployed and the poor at the expense of the “rich”.  What will that do?  It will further handicap the economy by keeping capital out of the markets.  Even worse, it will vastly expand the dependent class in America who have to go on the dole to survive.  And many of those ardent liberals will be pretty happy with that outcome, too.

We need to stop this thing. It’s good that Sarah came out against it.

Commentary

Understanding what cap-and-trade actually does

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I thought I would put together a few snippets to help everyone understand what Obama’s cap-and-trade energy tax actually does.

It’s a massive government intervention in the free market

The Heritage Foundation explains the point of cap and trade.

One of the most contentious provisions in the bill is the use of offsets to reduce carbon dioxide emissions, in which “a manufacturing plant in, say, Gary, Ind., that is exceeding its ‘permitted’ expulsion of CO2, could continue to commit this sin against humanity by paying for a Brazilian farmer to plant some trees in the rain forest…. Of course, to guard against some nefarious polluter trying to cheat Uncle Sam and the world by claiming bogus ‘offsets,’ here must be a monitoring mechanism. Enter the ‘Offsets Integrity Advisory Board’ — yet another group of scientific ‘experts’ that would be tasked with compiling a list of qualifying offsets around the globe.”

Cap and trade is a regulatory nightmare that would hand over more power and money to the government with the intention of reducing global temperatures. The problem with that, however, is the Waxman-Markey cap and trade bill will only reduce temperatures by an amount almost too small to measure. The bigger problem is that consumers’ pocketbooks will be hit hard by this bill. The Heritage Foundation’s Center for Data Analysis found that by 2035, gasoline prices would increase 58 percent, natural gas prices would increase 55 percent, home heating oil would increase 56 percent, and worst of all, electricity prices would jump 90 percent. After all, the goal of cap and trade is to drive up energy prices so high that people will use less. Yet in Missouri, state legislators are considering a bill that would charge consumers for saving electricity.

That’s enough to scare the snark out of you, but there’s much more to it than that.

The bill provides opportunities for corruption

Consider this National Review Online post, which counts 50 reasons why cap-and-trade is bad. (H/T Club for Growth)

I cannot excerpt the 50 points. I read through them and each one is more horrible than the last. Any of the 50 would be sufficient to cause an honest man to cry like a baby. (The print version of the article is easier to read – please send it to all your friends, too!)

The Democrats didn’t even read the bill

And remember, none of the Democrats who voted for the energy tax actually read it.

Excerpt:

Recall the passing of Waxman-Markey by the House, which had 300 pages added 18 hours before the floor vote–almost certainly going unread by most members of Congress. Furthermore, the nonplussed responses from administration backers and Democrats in Congress–when pressed to read the legislation they vote on or support–should be infuriating to anyone in favor of transparency and responsibility in government. As CEI Adjunct Fellow Fran Smith noted, some on the left went as far to claim that members of Congress uncomfortable with voting for climate change legislation in the dark were guilty of “treason against the planet.”

Yes, there’s that vaunted leftist morality again. Cutting missile defense is good, but not passing an energy tax is treason.

News

Round-up of news from around the world

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Honduras protesters continue to bash Obama and CNN
Pro-freedom protesters in Honduras defy Obama and CNN

So much foreign policy news!

Iraq

Jason over at The Western Experience has a number of good stories up.

He writes that Iraq is struggling to find foreign investors for its oil fields.

Excerpt:

…the Iraqi government has to decide on how to lure foreign investors and oil firms to setup shop in the many rich oil fields. With modern development, industry and organization Iraq could be a major producer and, potentially, one of the major countries in the world in just a few decades. So far, things haven’t exactly happened in the order many experts and investors hoped. The hang up is, of course, price per barrel. Companies were asking too much for operating in the country in the eyes of the government. Still, others were willing to operate at  loss just to get a foothold in the new market.

It’s funny, because if our war in Iraq were really a war for oil, why is Iraq taking offers to see who will be drilling for all that oil? (The offers are also coming from China, Russia and India, not just the USA)

Egypt

Robert Spenser of Jihad Watch links to this Assist News article about the state of Christian liberty in Egypt.

Excerpt:

Since early 2007 the Egyptian government has been appeasing Muslim fundamentalists by settling matters of sectarian conflict out of court in line with Islamic Sharia law. That prohibits Christians from bringing evidence against Muslims. The government brokers ‘reconciliation’ sessions where the Christians are forced to drop all the charges they are making (arson, looting, assault, kidnap, robbery, criminal damage, rioting, torture, rape, murder) in exchange for Muslim guarantees of ‘peace’.

…Not only is violence against Christian individuals, churches and communities escalating dangerously, but the courts are increasingly subordinating the Constitution to Sharia law. Notably, the courts are refusing to allow Muslims the right to convert. The consequences of this are huge. A woman who is officially registered as a Muslim must by law marry a Muslim and the children of a man officially registered as a Muslim are automatically deemed Muslim by the State. The few who have courageously challenged this have been forced into hiding to preserve their lives.

Please pray for our Christian brothers and sisters in other countries.

Sri Lanka, Iran, Pakistan, Afghanistan, Georgia, etc.

Wow! Michael Totten has a super-long interview with Robert Kaplan, a moderate who writes about the U.S. military and global conflicts in the most far-flung places in the world.

Excerpts:

Kaplan: …The Tamil Tigers had human shields by the tens of thousands, not just by the dozens and hundreds like Al Qaeda. They put people between themselves and the government and say “you have to kill all the people to get to us.” So the government obliged them. The government killed thousands of civilians.

Kaplan: …The Sri Lankan government was elected in 2005 to win the war. And it has done that. Extremely brutally. It’s a government that’s very nationalist Sinhalese Buddhist. These are not the Richard Gere’s “peace and love” Buddhists. These are the real blood and soil Buddhists, where Buddhism is like any other religion when it’s threatened and it’s defending a piece of territory. It can be very brutal.

Wow, this thing was really messy. You have suicide bombing terrorists with human shields on the one side, and a journalist-killing authoritarian government on the other side. There were no good guys. What a mess. These militant Buddhists remind me of the militant nationalist Hindus I talked about before.

And here is a guest post about Russia and Georgia.

Honduras timeline

Here is a pretty useful timeline of events from Atlas Shrugs for the current democratic crisis in Honduras. This article really emphasizes the socialist policies of the wanna-be dictator. The person who provided it is an American investor living in Honduras.

Excerpt:

I have been disgusted at the world reaction to these events. It’s like they only looked at what happened on Sunday morning and ignored what events led to that day. I don’t understand how the removal of Zelaya was anything less than a small country demanding that their country remain democratic. Their constitutional process worked exactly right to remove a rogue president with an agenda that was detrimental to the Honduran constitution and society. While the actions o f June 28 would fit some definitions of a coup, it was certainly a legal and CONSTITUTIONAL coup. There have been several articles written that state that it was a MANDATORY coup. That’s a very difficult concept for most people from the first world to understand, but there are some coups that are good and even required.

I hope that Honduras can bear up under the economic sanctions they are likely to face – and no help from Obama, either. He seems to prefer Chavez and Ahmadinejad.