White House Hiding Truth of $2 Trillion Benefit to Global Warming Regulations

The Wonk Room has discovered the why the Bush administration has been suppressing an EPA report on climate change regulations since December. Apparently, the documents prepared by the EPA show that the U.S. economy would not be ‘crippled’ by caps on greenhouse gases, as Bush said, but would actually benefit to the tune of $2 trillion by 2030. Had the document been published rather than stifled by the White House, it could have become a “legal roadmap for regulation of greenhouse gas emissions across the U.S. economy.”

From The Wonk Room:

Even after major cuts from the December version, this document makes a mockery of President Bush’s claim in April that applying the Clean Air Act to global warming pollution “would have crippling effects on our entire economy.” In fact, after spending all of 2007 working with the Departments of Transportation and Energy to model the effects of motor vehicle greenhouse gas regulations, the EPA found the exact opposite:

Assuming gas prices in the range of $3.50 per gallon, “the net benefit to society could be in excess of $2 trillion” through 2040.

Now that the EPA’s findings have been revealed, many people are questioning whether Bush’s statements were made in good faith. Seriously? Do we really even have to ask? It should be obvious. In fact, why is this surprising to anyone at all? Nearly everything Bush and Co. have done in the last 8 years has harmed the country.

Link [The Wonk Room]
Photo credit: NationalNightmare.com

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