Power Line quotes Kit Bond of Missouri in his devastating critique of S. 2191, the Lieberman/Warner bill that, as I mentioned yesterday, " goes under the remarkably pretentious title, America's Climate Security Act."Said Bond,
According to EPA, under Lieberman-Warner, the average household power bills rise 44 percent by 2030. They lose $4,377 to higher energy prices and pay $1.40 more for gas by 2050.
I, like Senator McConnell, toured my state this past week talking about energy. And you know something? When I told my Missouri constituents that the Senate this week would not be talking about moving a bill to open up the massive oil and gas supplies that we have in America to lower prices, that this body would be considering a bill to add huge price increases to all energy, they could not believe it.
What is the Senate doing? That's a good question, because these higher U.S. energy prices would drive energy-intensive manufacturing jobs overseas to foreign countries with cheaper energy prices. Manufacturing workers are already suffering.
We've seen half of U.S. fertilizer industry leave the country. Chemical companies and plastic companies are leaving the U.S. Just recently, Dow announced it was thinking of selling its plastic business because firms in Asia and the Middle East have access to cheaper energy.
Adding to this misery, manufacturers estimate this bill will cost my state of Missouri over 76,000 jobs and cut between 3 million and 4 million jobs nationwide by 2030.
The chart at right, also courtesy of Power Line, was created by the Chamber of Commerce. It shows the confusing mess of laws, rules, agencies, redundancies, and so on that S. 2191 would represent. In fact, hold the phone...Power Line reports that California's Barbara Boxer wants to complicate things even more by adding an additional 300 mandates and rules!Again, this is a really bad idea. Let your political representatives know.
