Tag Archives: Tax

News

Six states record coldest July temperatures ever

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Story from Watts Up With That.

Record cold temperatures for July 2009
Record cold temperatures for July 2009

(Click for larger image)

A huge number of states recorded record low temperatures:

Ohio, Iowa, Illinois, Indiana, West Virginia, and Pennsylvania experienced their coolest July on record. Kentucky, Missouri, Wisconsin, and Michigan each had their second coolest July on record, while Minnesota and Tennessee had their third coolest July on record.

But a few states were warmer than normal:

[…]Alaska posted its second warmest July, Arizona had its third warmest, while New Mexico and Washington had their ninth warmest.

That doesn’t sound like global warming to me. How is the left supposed to impose socialism now? We’ll need another lie!

Click here for more stories on global warming.

Podcasts

Milt Rosenberg interviews libertarian Richard Epstein on Obama’s policies

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Epstein is a law professor from the University of Chicago.

Here is the MP3.

He covers all of Obama’s major economic policies.

Commentary

New Heritage Foundation study says cap-and-trade will kill jobs and the economy

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New study from The Heritage Foundation, my favorite think tank! (H/T Hot Air)

This image tells all:

Job losses per year if cap and trade passes.
Job losses per year if cap and trade passes.

Summary of the effects: (adjusted for inflation to 2009 dollars)

  • Cumulative gross domestic product (GDP) losses are $9.4 trillion between 2012 and 2035;
  • Single-year GDP losses reach $400 billion by 2025 and will ultimately exceed $700 billion;
  • Net job losses approach 1.9 million in 2012 and could approach 2.5 million by 2035. Manufacturing loses 1.4 million jobs in 2035;
  • The annual cost of emissions permits to energy users will be at least $100 billion by 2012 and could exceed $390 billion by 2035;
  • A typical family of four will pay, on average, an additional $829 each year for energy-based utility costs; and
  • Gasoline prices will rise by 58 percent ($1.38 more per gallon) and average household electric rates will increase by 90 percent.

FYI, current GDP is around 14 trillion per year. The current labor force is around 130 million (non-farm).