Global Warming Pays Dividends to Washington
When it comes to the infamous global warming debate, Washington stands to benefit from winning the argument. In more ways than one, the US federal government backs global warming advocates not because its the right thing to do for the Earth and for a sustainable future, but because it’s smart business. The resulting scenario is a case of cops and robbers with all the lines blurred and grayed beyond sensible recognition. At the heart of the matter is the scientific fact that many scientists now agree on – global warming is a myth and not a man-made phenomena.
Windfalls to Special Interests
However, lobbyist for clean coal, ethanol and other alternative energy sources often suggest otherwise to top Washington officials wielding the power to make or break global warming matters. This means the control of financial windfalls from global warming initiatives is subject to tacit relationships between legislators and special interest groups. These relationships stand to benefit most from the view that global warming can be reduced by capping CO2 emissions – the so-called major cause of global warming. The more seasoned the relationship, the greater the windfall.
Wall Street Speculation
Speaking of cap and trade, it just so happens to be a purposed solution for man-made global warming that has failed in Europe due to rampant trading of carbon permits – trading that was not anticipated but was definitely forseeable. Now, Washington and even some state governments are scrambling to carve out a solution that excludes Wall Street – but not all of Washington believes this is beneficial. The current cap and trade auction scenario is based on the assumption that the free market can best take care of inequlities among the biggest CO2 emitters, but I do not agree.
Higher Costs for Tax Payers
For one thing, the capitalists of Wall Street may still be of the ludicrous notion that Washington owes them a favor or two despite recent bailout bliss. Windfalls to specials interests plus Wall Street speculation can only mean one thing for tax payers, increased costs. In the form of higher taxes, the increases create pure dividends for Washington. In the form of rising energy costs, they represent indirect dividends that ultimately go towards scratching the backs of the alternative energy lobbyists. Then, the cycle starts all over again – Washington dividends, taxpayers’ doom.
Simple Cost Benefit Analysis
I must admit even with all the facts in front of me, I still was not convinced. That is, until I sat down and did a simple cost benefit analysis using one piece of legislation proposed in December 2010 called the Clear Act. The Clear Act is predicted to create jobs in green manufacturing and construction. I ask at what cost? Lets say the US aimed at reaching Kyoto protocol targets by 2012. It’s estimated that 2.4 million jobs could be lost and $300 billion in economic output as well. Can the Clear Act’s “cap and dividend” approach really make up for such deep costs? I think not.
Cap and Dividend
With monthly checks of $1000 to $6000 going to taxpayers, cap and dividend approaches may seem like appealing alternatives to the Washington dividends likely with cap and trade scenarios, but I’m not convinced. I know that the special interest lobby-Washington dividend cycle will continue to grind out negative consequences for taxpayers. For most of us, it will take more than a few thousand per month to keep up with its savage pace. This is thus the design of a crooked and fallen system where one of the biggest scams of the century pays hefty Washington dividends.

