By Institute for Energy Research —— Bio and Archives--February 26, 2010
Global Warming-Energy-Environment | Comments | Back To Full Article
The Obama Administration's recently released "Economic Report of the President" devoted an entire chapter to "Transforming the Energy Sector and Addressing Climate Change" [.pdf]. Whenever the government promises to transform an entire sector of the economy, we know to watch out. Upon a simple reading it is obvious that the president's fancy economic rhetoric doesn't justify the $60 billion in "stimulus" funds and the proposed new mandates on the private sector. Even the report's own analysis shows that the likely damages from climate change are comparable to the economic damages of more government regulation.
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