Global Warming Insanity

America's Climate Security Act of 2007 (S.2191) aims to reduce total U.S. greenhouse gas emissions with the goal of lowering emissions 63 percent below their 2005 levels by the year 2050. These reductions would be achieved through a system that would call for companies to cap their emissions, and then to have them trade emissions rights with each other.
The conclusions of the National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) report indicates that the legislation, if passed into law, would have a profound economic impact on U.S. businesses, consumers and governments nationally and in all 50 states. A sampling of the national findings includes:

• Gross Domestic Product (GDP) losses of $151 billion to $210 billion in 2020 and $631 billion to $669 billion per year in 2030.
  
• Employment losses of 1.2 million to 1.8 million jobs in 2020 and 3 million to 4 million jobs in 2030
• Household income losses of $739 to $2,927 per year in 2020 and $4,022 to $6,752 per year in 2030
• Electricity price increases of 28% to 33% by 2020 and 101% to 129% by 2030
• Gasoline price increases (per gallon) of 20% to 69% by 2020 and 77% to 145% by 2030

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Now, Greenpeace thinks this measure does not go far enough:
"To address the climate crisis, the bill's emission targets must be science based and therefore achieve global warming emission reductions of at least 80 percent below 1990 levels by 2050. Near term targets should be strengthened significantly to 30 percent below 1990 levels by 2020."
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Why are these people so out of touch with reality? Also, why do they feel they need to get government involved rather than working with the private sector? Answer: because no one else will listen to their garbage.
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To Austrian economists, the so-called international credit market crisis is a prima facie case of the inherent destructive tendency of government-controlled paper money: it is the consequence of an excessive expansion of credit and money, which encourages uneconomic investment and leads to unsustainable debt burdens. The inflation-provoked cluster of errors (this time in the financial sphere) eventually triggers an economic and political disaster.
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The incarceration rate is defined as the number of people in local jails and state and federal prisons per 100,000 people in the population. At the end of 2006, the incarceration rate for the United States was roughly 751 people per 100,000 U.S. residents. This works out to 1 in every 133 people in the United States in prison or jail. During the past ten years, the incarceration rate has grown by 22 percent.
At 2.3 million people, the United States also had the highest incarcerated population in the world, followed by China and Russia.
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"Why Obama Should (NOT) Be President"
The highly reputable International Brotherhood of Teamsters elite recently put out this garbage:
"Sen. Barack Obama is the only presidential candidate who can right the destructive wrongs of the past eight years. ...Looking at Obama's impeccable record on trade issues and issues dear to working families..."
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I'll let you form your own opinion.