{"id":1929,"date":"2009-04-16T13:36:45","date_gmt":"2009-04-16T17:36:45","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=1929"},"modified":"2009-04-16T13:36:45","modified_gmt":"2009-04-16T17:36:45","slug":"environmentalists-cap-and-trade-is-designed-to-drive-up-energy-costs-and-redistribute-wealth","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/16\/environmentalists-cap-and-trade-is-designed-to-drive-up-energy-costs-and-redistribute-wealth\/","title":{"rendered":"Environmentalists: &#8216;Cap-and-Trade&#8217; Is Designed to Drive up Energy Costs and Redistribute Wealth"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.cnsnews.com\/public\/content\/article.aspx?RsrcID=46712\" target=\"_blank\">CNSNews.com<\/a>:<\/p>\n<blockquote><p>President Obama\u2019s \u201ccap and trade\u201d plan to reduce greenhouse gas emissions is specifically designed to drive up energy prices and redistribute wealth, according to a coalition of environmental, union, and liberal activist groups that is pushing for Congress to enact the proposal this year.<\/p>\n<p>The plan would also redistribute wealth by taking revenue earned by the government in auctioning off carbon-emission permits and giving some of it in rebates to lower income households to offset the increased energy prices they would pay. The rest of the revenue would be used to subsidize the development of alternative \u201cgreen\u201d energy sources.<\/p>\n<p>\u201cThe purpose of the cap, the way it works, is that you are capping fossil fuel energy&#8211;you\u2019re limiting the supply to a lower level than would otherwise be used,\u201d Robert Greenstein, executive director of the Center on Budget and Policy Priorities, told CNSNews.com last week. \u201cDemand then has to fall to meet that level of supply at the cap level and demand falls by virtue of prices rising&#8211;this is basic economics.\u201d<\/p><\/blockquote>\n<p>Every once in while the left lets it&#8217;s real agenda slip out&#8230; This is one of those times, &#8220;cap and trade&#8221; is about social policy not energy policy.<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/www.instituteforenergyresearch.org\/2009\/03\/12\/cap-and-trade-primer-eight-reasons-why-cap-and-trade-harms-the-economy-and-reduces-jobs\/\" target=\"_blank\">Cap and Trade Primer: Eight reasons why cap and trade harms the economy and reduces jobs<\/a> &#8211; Institute for Energy Research<\/li>\n<li><a href=\"http:\/\/www.heritage.org\/research\/energyandenvironment\/wm2378.cfm\" target=\"_blank\">The 2009 Energy Bill: Anti-Market and Anti-Consumer<\/a> &#8211; Heritage Foundation<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>From CNSNews.com: President Obama\u2019s \u201ccap and trade\u201d plan to reduce greenhouse gas emissions is specifically designed to drive up energy prices and redistribute wealth, according to a coalition of environmental, union, and liberal activist groups that is pushing for Congress to enact the proposal this year. The plan would also redistribute wealth by taking revenue [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26,7],"tags":[602,1363,1376,1377,601],"class_list":["post-1929","post","type-post","status-publish","format-standard","category-economy","category-politics","tag-cap-and-trade","tag-economy","tag-energy","tag-environment","tag-wealth-redistribution","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-v7","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":918,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/11\/02\/audio-barack-obamas-cap-trade-policy-is-so-aggressive-it-will-bankrupt-coal-fired-plants\/","url_meta":{"origin":1929,"position":0},"title":"Audio: Barack Obama&#8217;s Cap &#038; Trade Policy is So Aggressive It Will Bankrupt Coal Fired Plants","author":"Jeff","date":"November 2, 2008","format":false,"excerpt":"If Barack Obama's remarks wealth redistribution didn't scare you his remarks on energy policy should... In a January 2008 interview with the San Francisco Chronicle Sen. Obama said that he would impose a Cap & Trade system aggressive that it would bankrupt anyone trying to build a new coal powered\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1727,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/20\/kerry-and-boxer-us-needs-cap-and-trade-on-carbon-emissions-even-if-energy-costs-rise\/","url_meta":{"origin":1929,"position":1},"title":"Kerry and Boxer: U.S. &#8216;Needs&#8217; Cap-and-Trade on Carbon Emissions Even if Energy Costs Rise","author":"Jeff","date":"March 20, 2009","format":false,"excerpt":"I was going to mention this Washington times piece on Barack Obama's climate plan yesterday... But I had the feeling if I waited one or more of our genius politicians would say something stupid. Enter Democratic Sens. John F. Kerry and Barbara Boxer: Democratic Sens. John Kerry and Barbara Boxer\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1832,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/27\/john-larson-government-should-compel-consumers-to-use-alternative-energy\/","url_meta":{"origin":1929,"position":2},"title":"John Larson: Government Should Compel Consumers to Use Alternative Energy","author":"Jeff","date":"March 27, 2009","format":false,"excerpt":"From CNSNews.com: Government policy should be crafted to raise the price of carbon-emitting energy sources so consumers are compelled to choose alternative energy, House Democratic Conference Chairman John Larson (D-Conn.) told CNSNews.com on Thursday. Larson agreed that such a policy would likely result in higher electricity prices for consumers but\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2448,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/06\/27\/house-passes-cap-and-tax-bill-219-212\/","url_meta":{"origin":1929,"position":3},"title":"House Passes Cap and Tax Bill 219-212","author":"Jeff","date":"June 27, 2009","format":false,"excerpt":"The House of Representatives passed President Barack Obama's massive Cap and Trade energy tax bill by a vote 219-212 yesterday... 211 Democrats and eight Republicans voted for the bill. WASHINGTON -- Landmark legislation to curb U.S. greenhouse-gas emissions was approved by the House of Representatives in a close vote late\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2824,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/07\/sarah-palin-dollars-troubles-show-need-for-energy-independence\/","url_meta":{"origin":1929,"position":4},"title":"Sarah Palin: Dollar&#8217;s Troubles Show Need for Energy Independence","author":"Jeff","date":"October 7, 2009","format":false,"excerpt":"Two days ago the British newspaper The Independent published a rather dubious report by Robert Fisk claiming that\u00a0 oil-producing Arab states along with China, Russia, Japan and France were conspiring on a plan to dump the dollar for oil trading, a move which would seriously weaken our currency and influence\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":851,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/27\/barack-obama-socialist\/","url_meta":{"origin":1929,"position":5},"title":"Barack Obama: Socialist","author":"Jeff","date":"October 27, 2008","format":false,"excerpt":"I don't know any other way to say it... Barack Obama is not your father's democrat he is a card carrying socialist. I don't care how much lipstick you put on it... There isn't a bit of difference between what Barack Obama said to Joe Wurzelbacher or what he says\u2026","rel":"","context":"In &quot;Politics&quot;","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=1929"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=1929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=1929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=1929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}