Monday, June 22, 2009

Talking Point DESTROYED!

Over the past few months the Republicans have repeatedly lied about the costs that the Waxman/Markey energy bill would pass along to the consumers. Well finally the CBO has come out with its analysis and it rips the GOP talking point to shreds!

Told, over and over again, that their talking point has no basis in reality, Republican officials nevertheless keep saying it. When the GOP isn't denying climate change science altogether, it's pushing the $3,128 claim.

OK, so we know the Republicans are lying, but what's the actual cost Americans can expect if a cap-and-trade system becomes law? The Congressional Budget Office, which has produced several reports of late that Republicans just love,
reported on the expected costs of Waxman-Markey.

...CBO estimates that the net annual economywide cost of the cap-and-trade program in 2020 would be $22 billion -- or about $175 per household. That figure includes the cost of restructuring the production and use of energy and of payments made to foreign entities under the program, but it does not include the economic benefits and other benefits of the reduction in greenhouse gas emissions and the associated slowing of climate change.

Now the MSM, which has been flogging an erroneous CBO report all week about healthcare reform, needs to harshly push back the next time a Republican tries to repeat that bullshit line since they obviously find the CBO so credible. It is not the media's job to pass along blatant lies to the public no matter what David Gregory says.

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