The Senator’s Clumsy Apology
You’ve read it. Senator Kerry wrote an article in the Huffington Post rebutting the Governor’s recent Washington Post article on cap and trade. http://www.huffingtonpost.com/john-kerry/what-gov-palin-forgot_b_231892.html. Long-winded though he is, Senator Kerry validates the Governor’s voice on this issue:
Both Democrats and Republicans will be better off if Governor Palin joins the debate we need to have — one about climate change as well as energy security — rather than leaving so many important details on the editing room floor.
Yes, you read that right. Shortly after he wished the Governor would never come back from her trip to visit active duty Alaskan National Guard, he is inviting her to the debate. Sure he tries to slam every point made by the Governor, but by this last paragraph the Senator acknowledges that the Governor can make valuable contributions to further the national debate. The Knights say it’s about time.
As for the merits of the Senator’s rebuttal, the Governor has some good material for a response. A couple thoughts. The CBO report the Senator extols is sized up rather well by the Wall Street Journal in its June 26 editorial titled “The Cap and Tax Fiction” — http://online.wsj.com/article/SB124588837560750781.html. As the WSJ points out, what is important to note about the CBO report is what is does not address. It does not address the burden on families about any other year than 2020. It even carries with it very healthy caveats about its estimate for that single year. It neglects to consider other quite real economic burdens that cap and trade will impose:
The biggest doozy in the CBO analysis was its extraordinary decision to look only at the day-to-day costs of operating a trading program, rather than the wider consequences energy restriction would have on the economy. The CBO acknowledges this in a footnote: “The resource cost does not indicate the potential decrease in gross domestic product (GDP) that could result from the cap.”
Rush Limbaugh is often insightful. He pointed out a few years ago that it is only the wealthy countries which have the resources to devote to true green energy initiatives. In the American context, this means private enterprise doing what it does best with American know-how. The Knights believe that America is particularly suited to lead the world as it has on so many economic fronts in the past. The best way the Federal government can assist is either to leave well enough alone, or to offer incentives, such as tax credits. The worst approach is an arbitrary regime which suffocates our economy at the expense of the BRIC nations.