Last week, the Congressional Budget Office (CBO) released their analysis of the Waxman-Markey climate change bill that had proponents of the bill claiming Americans could save the planet for just $175 per household. That was the figure CBO estimated cap and trade would cost households in 2020 alone.[1] (more)

Four decades ago graduate student Thomas Crocker cooked up the idea of cap-and-trade. Now retired economist Thomas Crocker disses the idea as House Democrats would apply it. (more)

"There is no shortage of threats to our economy. America’s unemployment rate recently hit its highest mark in more than 25 years and is expected to continue climbing. Worries are widespread that even when the economy finally rebounds, the recovery won’t bring jobs. Our nation’s debt is unsustainable, and the federal government’s reach into the private sector is unprecedented...." (more)

House Democrats were surprised at the number of Republican votes they won on the razor close climate change vote. (more)

Many readers will be aware that New York Times opinion writer Paul Krugman wrote in his Monday column that individuals who did not support the Waxman-Markey cap-and-trade bill when it came up in the House for a vote last Friday are guilty of "a form of treason" against the planet... (more)

Americans oppose the climate change bill that just passed the House - or, at least what they know of it - by 41 percent to 37 percent with 22 percent not sure, and a plurality believe it will hurt the economy, according to a Rasmussen Reports poll conducted June 28-29. (more)

You'll probably need a beer, too. UPDATE: House passes the bill, 219-212, despite the fact that no one on the planet has actually read it. Consider picking up some more beer and drinking steadily until the Senate vote, morosely re-reading Reason's extensive climate change archive until it's all over. (more)

Or, as I affectionately call it, “Crap & Fraud,” a.k.a. the “Waxman-Markey Bill.” This could change this nation irreparably, and not in a good way. You wanna see jobs go oversees? How about entire industries? This is INSANITY! (more)

The Spanish professor is puzzled. Why, Gabriel Calzada wonders, is the U.S. president recommending that America emulate the Spanish model for creating "green jobs" in "alternative energy" even though Spain's unemployment rate is 18.1 percent -- more than double the European Union average -- partly because of spending on such jobs? (more)

"Because Waxman-Markey will raise prices more than incomes, households will necessarily become poorer. This will push households into lower tax brackets--and thus have lower tax liabilities to the tune of roughly $8.7 billion. Normal people would consider this to be a downside of Waxman-Markey. CBO is not normal. It considers this $8.7 billion as an addition to total household income--money from heaven!--and goes about celebrating the effect of this policy without saying a thing about the cause." (more)