merrie says: The preceding is a list of the 50 state-by-state breakouts of the impact the bill would have on jobs and the economy. Lieberman-Warner (S.2191) relies heavily on an unproven technology, capturing carbon and sequestering it. Even with the most generous assumptions " presuming that carbon capture and sequestration is commercially developed in 10 years " the economic costs for the average American are staggering. Under a more realistic scenario, the economic impacts in terms of losses in the job market, losses in household budgets, and higher energy prices will be drastically higher. To make matters worse, there will be inconsequential effects on the environment to show for it, if any. The Senate's leading climate-change bill, while aiming to combat global warming by reducing carbon dioxide in the air, actually poses "extraordinary perils" for Americans and the economy, according to a new study from The Heritage Foundation. The preceding is a list of the 50 state-by-state breakouts of the impact the bill would have on jobs and the economy. How Lieberman-Warner Would Affect the Price of Gasoline (chart) |
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