Only Deomcrats could come up with an insane Cap & Tax carbon dioxide bill that, in the end, will have zero effect on the global temperature of Planet Earth. You get a tax break if you till the ground (keeping CO2 in the Earth!), you get one for growing algae for fuel (that will never work on a grand scale, and who wants to host the square miles of stinking algae farms?). The political spinmeisters even have the gall to claim the extra taxes will save people on their energy bills!

 It features new items such as $7.5 billion in “green bonds” for a new federal financing agency called the Clean Energy Deployment Administration, extra emission allowances for politically powerful rural electric cooperatives, greater flexibility for states that want to use free allowances for mass transit, and tweaks benefiting a range of companies, including algae-based biofuel producers and major petroleum refiners.

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He added that the bill’s incentives “will finally make clean energy the profitable kind of energy. And that will lead to the development of new technologies that lead to new industries that could create millions of new jobs in America, jobs that can’t be shipped overseas.”

The Environmental Protection Agency said yesterday that energy efficiency measures prompted by the legislation would lower consumer spending on utility bills by roughly 7 percent in 2020.

What a joke. And sadly, due to a sever lack of science and math skills permeating this nation, a lot of people still think the Earth is warming (it has been cooling for a decade now, and will probably for another two decades according to some scientific models that  actually can reflect reality).

And the promise of creating jobs is as much BS as the promise they made they could hold unemployment below 8%. It is heading for well over 10% this summer.

The fact is we have had one of the coolest summers in decades:

Meteorologists are reluctant to call a month “nice.” They have their data and their science and typically do not describe the weather in such subjective terms.

Except now, because the data prove it.

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Thursday, however, was the 14th consecutive day to stay below 100 degrees. That’s the longest stretch of its kind in any June since 1913.

Almost a century, I stand corrected. And as for those so called models predicting global warming, the analysis done by real scientists shows a disturbing result. If one looks at the highly accurate and rapidly collected satellite data on temperature alone we find the Earth is cooling off – quite a lot. We can see this in the air and sea surface temperature measurements. The problem is global satellite temperature data has only been around for 20 years. But during that brief time – no warming has been indicated.

Now, if you add in imprecise and spotty surface measurements you get a different picture. The surface measurements have been greatly reduced with advent of satellite measurements. Interestingly enough, most of the removed stations are in the cooler urban and rural areas. In addition, the condition of the sensors making these measurements is dodgy at best, with one study showing over 80% of them suspect.

For example, here is the temperature history graph of two stations in Hawaii less than four miles apart from WUWT (click to enlarge):

Note how the one station (at the airport) was consistently higher than the other station down the street – until they repaired the sensor! The one sensor showed a consistently 5° higher high temperature, and an even worse error in the low temperatures (is it any surprise the alarmist claim the warming is more at night than at day – logical, eh?).

Even then, the accuracy of these systems is much worse than the 0.5°C that the climate alarmists claim the Earth has warmed by in the last century. This is akin to having a scalpel (the satellite data) to perform a difficult surgical procedure, then at the end using a blunt ax to do the final incision. When the NCDC and others throw in the these surface measurements and smear the data across the globe to ‘correct’ the satellite data, they are creating a statistical lie.

Surface data should only be used to test the accuracy of the satellite data. If the satellite data agrees with local sensors, then you know ALL the satellite data is good – whether there is a local surface sensor there or not. Especially if there is not surface station there!

Even worse, the alarmists have tried to perform a little 1984 rewriting of history. They have specially selected data to remove the Roman and Medieval Warming periods – which were warmer than today’s recent peak in the 1990’s. Why? Because if those two periods existed in their data they could not blame the current temperature on CO2 and pick our collective pockets of our hard earned money we need to educate, feed, and house our families.

We are seeing the culmination of a long running snake oil scheme to pull money from people. It is as bad, if not worse, than the Fannie Mae and Freddie Mac scheme to pull money from us to allow incapable people into the housing market – which triggered the current massive recession.

These risky economic schemes from liberals are a disaster. They use faulty ‘model’s to run a PR stunt (which the brain dead media lap up) and soak the people to make themselves and their cronies filthy rich. To them, that is the essence of capitalism. They don’t believe in the model of building a business around a valued product or service and making a living that way. Their view of capitalism is on the cheap. The lie, the flim-flam artist, the snake oil hawker. 

And America keeps paying for this nonsense. Just look at how well their economic models addressed the unemployment problem in this country. They are naive at best, thieves at worst.