Tag Archives: Trade

Six states record coldest July temperatures ever

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.

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

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).

20 questions you won’t hear at Obama’s press conference tonight

From Keith Hennessey. He groups the questions into 4 categories, so I’ll excerpt one from each category below. The press conference is scheduled for Wednesday at 8 PM Eastern time.

Economy:

You proposed spending money from the TARP to prevent foreclosures, help small businesses, and to buy toxic assets from banks.  In June CBO said they had found no evidence that any money has been spent for any of these programs.  How many foreclosures have been prevented, how many small businesses have received loans from, and how many toxic assets have been purchased?

Health care:

Your Administration has said that health care reform is the key to addressing our long-term budget problem.  Yet you have adopted a lower standard, that health care reform legislation simply does not make our deficit problems worse.  If health care reform leaves the unsustainable budget situation unchanged, and since CBO says your budget would result in nine trillion dollars of new debt over the next decade, then how else do you propose to deal with the projected explosion of government debt over the long run?

Global Warming:

Does it make sense for the U.S. to impose higher energy costs on American workers and manufacturers if the two largest developing economies [India and China] are unwilling to slow their emissions growth?  Won’t that just disadvantage American workers with little reduction in future global temperatures?

Trade:

The top Democrat and Republican on the Senate Finance Committee have called for you to submit to Congress for their approval the signed Free Trade Agreements with U.S. allies Colombia, Panama and South Korea.  Why have you not submitted them to Congress?  When will you do so?

These questions really expose how things have gone awry with the Obama presidency.