October 23, 2009
Senator Barbara Boxer (D-California) appeared on CSPANâ€™s Newsmakers this Sunday to talk about the Kerry-Boxer climate bill. The highlight of the interview was when Boxer said that recent behavioral changes led to a drop in U.S. greenhouse gas emissions. She must have been referring to foreclosures and layoffs, because the ailing economy is the only reason that emissions have fallen.
Boxer inadvertently made a great point: Greenhouse gas emissions are causally correlated with economic growth. This is why her cap-and-tax energy-rationing bill is bad news for the American economy.