Way Outisde the Mainstream
Iain Murray explores many of the fallacies that Al Gore propagated during his Capitol Hill appearance yesterday.
What's most remarkale, however, is just how far the lionized Gore is outside the mainstream:
Appearing before a House committee, he said that changing the American economy in the way he proposes - a plan of freezes, taxes, market controls and regulations that would represent a massive expansion of government control over the economy - would not be costly.
Yet he also endorsed the ill-fated Kyoto Protocol (which he helped negotiate). The U.S. Energy Information Administration calculates that Kyoto would reduce U.S. gross domestic product by $100 billion to $400 billion a year.
Wow.
What's most remarkale, however, is just how far the lionized Gore is outside the mainstream:
Appearing before a House committee, he said that changing the American economy in the way he proposes - a plan of freezes, taxes, market controls and regulations that would represent a massive expansion of government control over the economy - would not be costly.
Yet he also endorsed the ill-fated Kyoto Protocol (which he helped negotiate). The U.S. Energy Information Administration calculates that Kyoto would reduce U.S. gross domestic product by $100 billion to $400 billion a year.
Wow.
posted by LadybugUSA at 4:06 PM
5 Comments:
There is no doubt that reducing a nation's carbon usage will require a great deal of economic strain.
However, there will be a huge market that develops as a result of it.
Businesses will start up and employ people to build wind turbines and solar panels. Energy money that was flowing into the coffers of oil, gas and coal companies will be redirected towards businesses that make alternative energy sources.
With less demand for motor transport, less cars will be imported from overseas, leading to a better balance of trade between America and Asia.
Less oil and coal demand will also reduce America's overseas debt - Americans will be buying energy from American companies rather than Middle Eastern ones.
Public transport demand will increase, putting transport money into the bank accounts of construction workers, engineers and train drivers.
I don't doubt that the changeover will be hard to deal with at first... but I do believe that the market will respond well once the decisions have been made.
I am saddened to see right-wing politicians using the same failed logical that ruined the US auto industry. As much of the rest of the world addresses the problem of global warming by developing and engineering marketable solutions, the US does nothing and another major industry, that once was a leader in the world becomes a noncompetitive dinosaur.
It also affects the home and office building industry. Having friends who built five star homes in the past few years, I've noticed high efficiency products had to be purchased and imported from Europe, Japan and China.
As long as we have politicians who take the dooms day, can't do and can't compete mentality, our nation will falter and fail on the world stage.
Salient,
Evidently Al Gore doubts any strain on the economy. He says the economy will boom!
How long do you think it will take to convert all our fossil-fuel based activity to wind or solar based?
Do you believe, as Al Gore does, that Global Climate Change is more of an immediate threat to our existence than anything else currently going on in the world?
Earth,
Is the U.S. Auto Industry ruined?
Greg,
Had you invested in GM in the early 70's, you would have lost about 30% of your investment now (35 yrs later).
Let's consider market cap. GM, Ford and Chrysler is $ 116 billion. While Toyota, Honda and Nissan is $ 326 billion.
1 out 8 cars on US roads are manufacturers by US auto makers.
It is not a pretty picture and certainly not one of success.
Uh - They make Toyotas and Honda here in the states I believe?
Can you say - "Overly Simplistic"?
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