Cap&Tax: The China-India Economic Stimulus Act of 2008 [4]

June 3, 2008, U.S. Senate. The Warner-Lieberman "Climate Security Act Of 2008" is debated the day before amendments are brought to the floor.

Fourth clip shows Senator James M. Inhofe [R-OK].

(Transcript)

Let me use an example. This is the best example because it comes from someone we all love dearly, former Vice President Al Gore. Former Vice President Al Gore wanted to explain to us how serious it was way back when he was Vice President. This is in the middle 1990s. He said he hired a scientist. The scientist's name was Tom Wiggly. Tom Wiggly was a well-known scientist, one who was supposed to know what he was talking about. He was the choice of Vice President Al Gore.

When he did this, the Vice President said: Do a study and tell us what would happen, how much cooling would take place if all of the nations who were developed nations--not developing nations, not China, not India, not Mexico--just the developed nations were all to sign onto the Kyoto Treaty and live by the emissions requirements. How much would that reduce the temperature in 50 years?

Do you know what the answer was? Do you remember that? You remember that. It was seven one-hundreths of 1 degree Celsius. That is not even measurable.

(...)

[ http://www.c-spanarchives.org/congress/?q=node/77531&id=8574691 ]

The first major shell game trick is the claim by the sponsors that the bill would generate $6.7 trillion of new revenue. The problem, of course, is that revenue comes from consumers and people in higher energy costs. It is a tax on everyone in this country who uses energy. It is a tax on energy, of course, either consumer products such as food, manufactured goods, or higher prices on anything made of concrete, steel, or chemicals.

(...)

[ http://www.c-spanarchives.org/congress/?q=node/77531&id=8574918 ]

In fact, the Energy Information Agency estimates that gas prices would increase from 41 cents somewhere to a dollar. When they talk about only 2 cents a year, that is on a study the EIA did that assumes that currently we have 104 nuclear plants and that would be increased by 260. Nuclear, we are going to have some amendments. There will be several amendments on that.

Let's remember now the other two major things that are worth repeating. You lose your jobs. The jobs are not going to be here. You are not going to have the energy. This bill puts caps on all the energy we produce today.

(...)

[ http://www.c-spanarchives.org/congress/?q=node/77531&id=8574922 ]

Category:

News & Politics

Tags:

• cap&tax
• climate
• change
• fake
• co2
• emissions
• federal
• racket
• boxer
• warner-lieberman
• act
• us
• senate

[thedemoboy]

Youtube vids tonight are all skipping to the end after a few seconds for me. WTF, Youtube?