Obama climate costs

Burn Money    a)  The Small Business Administration estimates that compliance with such (climate) regulations costs the U.S. economy more than $1.75 trillion per year — about 12%-14% of GDP, and half of the $3.456 trillion Washington is currently spending.  The Competitive Enterprise Institute believes the annual cost is closer to $1.8 trillion when an estimated $55.4 billion regulatory administration and policing budget is included.  CEI further observes that those regulation costs exceed 2008 corporate pretax profits of $1.436 trillion.

b)  A U.S. Energy Information Administration economic forecasting model indicates that a proposed 70% cut in CO2 emissions will cause gasoline prices to rise 77% over baseline projections, kill more than 3 million jobs, and reduce average household income by more than $4,000 each year.

c)  According to the GAO, annual US federal climate spending has increased from $4.6 billion in 2003 to $8.8 billion in 2010, amounting to $106.7 billion over that period….This doesn’t count about $79 billion more spent for climate change technology research, foreign aid and tax breaks for “green energy.”

http://www.forbes.com/sites/larrybell/2011/08/23/the-alarming-cost-of-climate-change-hysteria/#2017f2a46f70

………………………………………………………

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s