Links tagged “economics”

Phil McDuff: "Climate change is the result of our current economic and industrial system. GND-style proposals marry sweeping environmental policy changes with broader socialist reforms because the level of disruption required to keep us at a temperature anywhere below “absolutely catastrophic” is fundamentally, on a deep structural level, incompatible with the status quo."

QUOTE OF THE WEEK: "[The Green New Deal] is a watermelon —green on the outside, deep, deep red communist on the inside... They want to take your pickup truck. They want to rebuild your home. They want to take away your hamburgers. This is what Stalin dreamt about but never achieved. You are on the frontlines of the war against communism coming back to America under the guise of Democratic socialism, which is just the PC term for communism."
—Sebastian Gorka, author of Why We Fight and Defeating Jihad, in his CPAC speech.

Morano: 'As I testified to Congress, to the House Western Caucus yesterday, by the way, AOC was supposed to show up, but she backed out at the last minute. This Green New Deal is all about the left's agenda since the 1960s and they're using environmental scares to impose it. We originally started with the same -- these exact same solutions on overpopulation. Now it's global warming. And that's all it is. They talk openly, the climate activists, about planned recessions in order to fight global warming, de-growth. And the Green New Deal is nothing but a planned recession and de-growth -- a permanent planned recession.'

Watch: Morano testifies at Congressional Hearing On The Green New Deal as AOC Backs Out: The Dem Party has shifted ‘into serious, unscientific, nutty territory’ – Urges GOP NOT to offer ‘Green New Deal-lite’

They should not muddle this aspiration with other social policy, such as creating a federal jobs guarantee, no matter how desirable that policy might be,” the editorial board wrote. The Post also called the Green New Deal’s goal of reaching “net-zero” greenhouse gas emissions within 10 years “impossible” and criticized the resolution’s “promise to invest in known fiascos such as high-speed rail.”

The so-called Green New Deal may tally between $51 trillion and $93 trillion over 10-years, concludes American Action Forum, which is run by Douglas Holtz-Eakin, who directed the non-partisan CBO from from 2003 to 2005. That includes between $8.3 trillion and $12.3 trillion to meet the plan’s call to eliminate carbon emissions from the power and transportation sectors and between $42.8 trillion and $80.6 trillion for its economic agenda including providing jobs and health care for all.