Bigdog (08-09-2022), ExpressLane (08-09-2022)
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Anybody who actually lives in the real world and not in the world, created in eco-loonys' minds, of unicorns and fluffy bunnys know this already. Luckily the WSJ is of sound mind unlike the loonys at the NYT.
Nearly all of Washington—Democrats, the press, lobbyists—is taking a victory lap with Senate passage of the Schumer-Manchin tax, climate, and drug price control bill.
The climate lobby is especially thrilled, claiming a historic victory that will reduce temperatures, hold back the rising sea, and save the planet.
Or, maybe not. Our contributor Bjorn Lomborg looked at the Rhodium Group estimate for CO2 emissions reductions from Schumer-Manchin policies.
He then plugged them into the United Nations climate model to measure the impact on global temperature by 2100.
He finds the bill will reduce the estimated global temperature rise at the end of this century by all of 0.028 degrees Fahrenheit in the optimistic case.
In the pessimistic case, the temperature difference will be 0.0009 degrees Fahrenheit.
In other words, the climate provisions in this ballyhooed legislation will have no notable impact on the climate.
This isn’t surprising. No matter what the U.S. does to reduce greenhouse-gas emissions, it will be dwarfed by what the rest of the world does.
China, India, and Africa aren’t about to stop burning fossil fuels as they develop, and China is sprinting ahead to build huge new coal capacity despite its pledge to start reducing emissions after 2030.
Barring a breakthrough in battery or other technology, carbon emissions will continue to increase.
No one knows how much the Earth’s temperature will warm, though even the U.N. model has modified its estimates from the apocalyptic predictions of some years ago.
Schumer-Manchin won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature.
What it will do is transfer some $369 billion from taxpayers and drug companies to the pockets of green energy businesses and investors.
It will tighten the hold that politicians have on the allocation of capital, as they pick winners and losers with their grants and tax credits.
Everyone will get a nice warm feeling as they pretend they are cooling the climate.
https://www.wsj.com/articles/tilting...rg-11659993292
Bigdog (08-09-2022), ExpressLane (08-09-2022)
"I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."
— Joe Biden on Obama.
Socialism is just the modern word for monarchy.
D.C. has become a Guild System with an hierarchy and line of accession much like the Royal Court or priestly classes.
Private citizens are perfectly able of doing a better job without "apprenticing".
cancel2 2022 (08-09-2022), ExpressLane (08-09-2022)
It's the Big Bucks Blunder plan...
ExpressLane (08-09-2022)
This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.
The Empire says "Thank You" for making the sinking the West so easy.
This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.
cancel2 2022 (08-09-2022), ExpressLane (08-09-2022)
They're right.
But we're not going to do what actually NEEDS to be done overnight. It would be foolish to think we could, or that it would even be a good idea.
The change needs to take place incrementally, over decades. This is a good start.
moon (08-10-2022)
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Most electric vehicles won't qualify for taxpayer funded subsidies in the Inflation Reduction Act. That's because of the bill’s requirement that to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent.
Bigdog (08-09-2022)
cancel2 2022 (08-09-2022)
"I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."
— Joe Biden on Obama.
Socialism is just the modern word for monarchy.
D.C. has become a Guild System with an hierarchy and line of accession much like the Royal Court or priestly classes.
Private citizens are perfectly able of doing a better job without "apprenticing".
Its worse that that, they are impoverishing the nation as they destroy our energy systems and the middle class...they are systematically taking apart our standard of living for the glory of the Revolution.
Conservatives consistently fail to comprehend how bad things are, or how bad things are going to get.
This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.
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