Walter Williams On Cap And Trade

Posted on Thu 07/23/2009 by

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By Nick Loris

Here’s what I wrote in last year’s column titled “Global Warming Rope-a-Dope” (12/24/2008): “Once laws are written, they are very difficult, if not impossible, to repeal. If a time would ever come when the permafrost returns to northern U.S., as far south as New Jersey as it once did, it’s not inconceivable that Congress, caught in the grip of the global warming zealots, would keep all the laws on the books they wrote in the name of fighting global warming. Personally, I would not put it past them to write more.” On June 28, 2009, the House of Representatives, by a narrow margin (219-212), passed the Waxman-Markey bill. The so-called “cap and trade” bill has been sold as a system for cutting greenhouse gas emissions in the struggle against global warming. There’s a full-court press on the U.S. Senate to pass its version of “cap and trade.”

“Cap and trade” is first a massive indirect tax on the American people and hence another source of revenue for Congress. More importantly “cap and trade” is just about the most effective tool for controlling most economic activity short of openly declaring ourselves a communist nation and it’s a radical environmentalist’s dream come true.

So why the rush and the press on the Senate? Increasing evidence is emerging that far from there being global warming, the Earth has been cooling and has been doing so for 10 years. Prominent atmospheric scientists have recently sent a letter to Congress saying, “You are being deceived about global warming. … The Earth has been cooling for ten years. … The present cooling was not predicted by the alarmists’ computer models.” Last March, more than 700 international scientists went on record dissenting over manmade global warming claims. About 31,500 American scientists, including 9,029 with Ph.D.s, have signed a petition, that in part reads, “There is no convincing scientific evidence that human release of carbon dioxide, methane or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth’s atmosphere and disruption of the Earth’s climate.”

He goes on to discuss the EPA’s cover up of Alan Carlin here.

Contributing Author Nick Loris writes at The Heritage Foundation and he is a Research Assistant at The Heritage Foundation’s Roe Institute for Economic Policy Studies.

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