The American Spectator

home
ADVERTISEMENT
Print Email
Text Size

The Spectacle Blog

First Doug Elmendorf undercut the Obama administration on health care. Now his Congressional Budget Office is going off message on cap and trade:

The CBO director added that although the risks of climate-related impacts on the economy were very difficult to quantify, "many economists believe that the right response to that kind of uncertainty is to take out some insurance, if you will, against some of the worst outcomes."

The CBO estimates that the House-passed climate legislation, a template for the Senate version, would reduce gross domestic product by up to 0.75% by 2020 and 3.5% by 2050.

"The net effect of that we think would likely be some decline in employment during the transition because labor markets don't move that fluidly," Mr. Elmendorf said, testifying before the Senate Energy and Natural Resources Committee...

The country's politics might not move that fluidly either.

View all comments (9) | Leave a comment

Pingback| 10.15.09 @ 1:01AM

Twitter Trackbacks for The American Spectator : AmSpecBlog : CBO: Cap and Trade Will links to this page. Here’s an excerpt:

…Spectator 116 Show more Shortened Links Linking to the spectator.org page http://bit.ly/LVnXt info http://bit.ly/2S51Hh info http://bit.ly/3Ge8G1 info   2 tweets Tweet The American Spectator : AmSpecBlog : CBO: Cap and Trade Will Cost Jobs spectator.org/blog/2009/10/14/cbo-cap-and-trade-will-cost-jo – view page – cached First Doug Elmendorf undercut the Obama administration on health care. Now…

Pingback| 10.15.09 @ 10:28AM

The American Spectator : AmSpecBlog : CBO: Cap and Trade Will Cost … - Pasarici.NET B links to this page. Here’s an excerpt:

…– view page – cached First Doug Elmendorf undercut the Obama administration on health care. … View post: The American Spectator : AmSpecBlog : CBO: Cap and Trade Will Cost … Share and Enjoy: October 14th, 2009 | Tags: american, american-spectator, Articles, clinton, dont-ask, economics, facebook, new-articles, obama, october-2009, senate,…

DCTJ| 10.16.09 @ 8:10AM

Elmendorf and the CBO know this legislation is bad for America, they just don't want to outright say it for fear of retribution from the administration. Millions of Americans would lose their jobs and how long would they (we) be out of work? No one knows, but it's not something I want to find out. Visit http://tiny.cc/pxIgi to voice your opposition to cap and trade.

bert| 4.14.10 @ 10:46PM

Jacob & Co. watches
womens polarized sunglasses

Leave a Comment

N.B. We encourage readers to share and discuss their thoughtful and relevant comments about this Spectator article. Comments are routinely monitored and will be deleted if profane, bigoted, or grossly impolite. Please be respectful. (And don't feed the trolls!) Thank you.

More Blog Posts by W. James Antle, III

http://spectator.org/blog/2009/10/14/cbo-cap-and-trade-will-cost-jo
ADVERTISEMENT

Clip of the Day

Most Popular Articles

Who Castrated Ann Coulter?

David Catron | 2.6.12

The Delousing of a Movement

R. Emmett Tyrrell, Jr. | 2.9.12

Bigoted Barack, Red in Tooth and Clause

George Neumayr | 2.10.12

Justice Ginsburg Should Resign

William Tucker | 2.8.12

Coulter Care

Peter Ferrara | 2.8.12

Unsafe at Any Smoke

Eric Peters | 2.10.12

Middle-Aged Man Takes a Holiday

Christopher Orlet | 2.9.12

ADVERTISEMENT