Global Warming’s Trillion-Dollar Turkey - Opinion

FOXNews.com - Junk Science: Global Warming’s Trillion-Dollar Turkey - Opinion: “The Bingaman-Specter bill, then, would cost taxpayers trillions of dollars and produce virtually nothing in terms of temperature outcome. But the pain of Bingaman-Specter doesn’t stop with trillions of taxpayer dollars. The heart of the Bingaman-Specter bill is a so-called cap-and-trade system in which CO2 emission limits (caps) would be decreed and certain businesses and other special interest group emitters (such as farmers and states) would be given permits to emit CO2.”

In a recent paper sponsored by the Free Enterprise Education Institute, a think tank with which I am affiliated, Laffer said that a cap-and-trade scheme would act as a constraint on the energy supply — much like the 1970s-era Arab oil embargoes and other energy crises. He estimates that cap-and-trade would shrink the U.S. economy by 5.2 percent and reduce family income by $10,800 by 2020.
So the Bingaman-Specter bill not only would waste taxpayer money, but it would harm economic growth and reduce family income — all without affecting global temperature in any sort of meaningful or even detectable way.

I hope readers will get the point of this article. Global warming legislation will cost trillions of dollars and it would at most reduce temperatures on earth by a small fraction of one degree. Is everyone just nuts? Or is there a con being carried out here to implement global governance? If you just allow them to do this to you, you can also join the Demented Delusional or Dumb Club.