Junkman info here. Nike quit its board position on the US Chamber of Commerce because the Chamber is against the Waxman-Markey global warming bill. I can’t imagine why the Chamber would be against Waxman Markey. I mean, after all, it’s only described as “National Economic Suicide,” it only guts its member businesses’ bottom lines, results in more job loss, slows down the economy and…lookie here at what else both Waxman Markey and Boxer Kerry do to the economy (below). All for a measly 2/10 of 1% of a degree reduction in global warming in 100 years**. The question is, why is Nike in FAVOR of either one of these man made global warming bills? How brainwashed are these guys? CO2 as a pollutant?! Phonied up Al Gore science?! Do these folks–read?
Story here about the pull out of Nike.
- Heritage numbers about both CO2/CAP AND TAX BILLS:
- Over the 2012-2030 timeline, job losses average over 1.1 million. By 2035, a projected 2.5 million jobs are lost below the baseline (without a cap and trade bill).
- • The average Gross Domestic Product (GDP) lost is $393 billion, hitting a high of $662 billion in 2035. From 2012-2035, the accumulated GDP lost is $9.4 trillion.
- • The negative economic impacts accumulate, and the national debt is no exception. The increase in family-of-four debt, solely because of Waxman-Markey, hits an almost unbelievable $114,915 by 2035.
- • The average of the climate tax revenue, what the government gets to spend or give away, is $236 billion from 2012 through 2035 and adds up to $5.7 trillion in tax collections.
- Waxman-Markey reduces gross domestic product by an average of $393 billion annually between 2012 and 2035, and cumulatively by $9.4 trillion. In other words, the nation will be $9.4 trillion poorer with Waxman-Markey than without it.
- The Heritage Foundation’s Center for Data Analysis found that by 2035 gasoline prices would increase 58 percent, natural gas prices would increase 55 percent, home heating oil would increase 56 percent, and worst of all, electricity prices would jump 90 percent.
- But the direct tax on household energy use is just the beginning. The energy tax also hits producers. As the higher production costs ripple through the economy, the household pocketbooks get hit again and again. When all the tax impacts have been added up, the average per-family-of-four costs rise by $2,979 per year. In the year 2035 alone, the cost is $4,609. And the costs per family for the whole energy tax aggregated from 2012 to 2035 are $71,493.
Oh, I see why Nike’s in favor it this now. Oh, wait…
Does Nike actually MANUFACTURE anything around here anymore? Maybe that’s why they’re willing to throw other jobs under the bus.
**All of these costs accrue in the first 25 years of a 90-year program that, as calculated by climatologists, will lower temperatures by only hundredths of a degree in 2050 and no more than two-tenths of a degree at the end of the century.