... "pro-market, pro-innovation, pro-nuclear and biofuels and pro-job creation."
Now, let's hear from those who didn't fall on their heads as children and lose their cognitive skills:
The Economic Consequences of Waxman-Markey: An Analysis of the American Clean Energy and Security Act of 2009The folks at the Heritage Foundation provide us with a revealing bar graph that illustrates the impact the climate tax will have on America's job pool in years to come:
by David Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman and Nicolas Loris, Heritage Foundation
After a truncated debate and last-minute changes, the House of Representatives narrowly passed climate-change legislation on June 26, 2009, designed by Henry Waxman (D-CA) and Edward Markey (D-MA). The 1,427-page bill would restrict greenhouse gas emissions from industry, mainly carbon dioxide from the combustion of coal, oil, and natural gas.
Since energy is the lifeblood of the American economy, 85 percent of which comes from CO2-emitting fossil fuels, the Waxman-Markey bill represents an extraordinary level of economic interference by the federal government. For this reason, it is important for policymakers to have a sense of the economic impact that accompanies any environmental benefits.
Analysis by The Heritage Foundation's Center for Data Analysis (CDA) makes clear that Waxman-Markey promises serious perils for the American economy for the years and decades ahead. Waxman-Markey requires arbitrary and severe restrictions on the current energy supply and infrastructure. These restrictions can be met only through large-scale deployment of still-undeveloped or uneconomical technologies and alternative energy sources. In addition to the direct impact on consumers' budgets through higher electric bills and gasoline prices, the resultant increase in energy costs will reverberate throughout the economy and inject unnecessary inefficiencies at virtually every stage of production. It would suppress economic activity and reduce employment, especially in the manufacturing sector. Virtually all costs would eventually filter down to the American people. [link]
In short, Tom Perriello's global warming bill is:
Someone needs to smack the boy upside the head and make him pay closer attention. Wise up, Tom!
Click on the image to enlarge it.