May 31, 2008

Support for Climate Change Bill is Waning

I really hope this report is true. They say that crucial support for the Leiberman-Warner bill is falling apart. The passage of this bill would cripple our economy. If Leiberman-Warner manages to make it to the President's desk he will veto the bill. With any luck they won't have enough votes to over ride the veto.

I doubt there are many Americans out there hoping to pay $8 for a gallon of gasoline or a huge increase in the cost of electricity. According to the Heritage Foundation, if this bill passes cumulative gross domestic product (GDP) losses could reach $4.8 trillion by 2030. They also state the bill will cost nearly a million manufacturing jobs by 2022 and two million by 2027.

The presidential candidates are out there on the stump telling factory workers they are fighting to save their jobs, when in reality they're fighting to take the jobs away.

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