Who can tell me what's wrong with this Reuters story "Climate bill shaves $533 bln off economy"??

Please give the whole thing a read, it's not very long.

This kind of shit pissed me off. Is Tom Doggett just a bad reporter, or is he a closet denier?

Without some basic context, this story is nothing more than fear mongering.

The missing and all-important context is:

1. What proportion of the US economy does 533B represent over the course of 20 years? I suspect it's very little.

2. What is the expected cost of doing nothing about global warming? That could be extrapolated from the Stern report, surely.

SHAME ON REUTERS AND TOM DOGGETT FOR PRODUCING A SHODDY PIECE OF FEAR-MONGERING WHICH WILL SERVE ONLY TO INCREASE IGNORANCE ABOUT GLOBAL WARMING.

The hits just keep on coming.

Alternative energy companies, energy consultants and contractors, vehicle manufacturers....

This doesn't mean the economy comes to a halt - it just means that oil companies won't be getting their usual share.

Ergo, the Tom Doggett's of the world.

corporations take a tiny bit less so the rest of us can stay alive? It is always assumed, automatically that corporate profits cannot take a hit, that the consumers will pay or jobs will be lost. I hate that garbage.

Unless that "law" is repealed, there's no way that energy prices go up.

so, for 20 years and a growth rate of 2%, the total is 319,024 billion making 533 billion into .16 percent.

The other question is that regulation creates jobs for regulators and presumably creates investment in new (less carbon intensive) technology and so on, which should have a positive impact.

I pointed that out in my business class. One chapter talked about the costs to business because of government regulation. Another one talked about all the jobs created in the exciting and dynamic advertising industry. I said 'why isn't advertising considered a cost, and why don't they talk about the jobs created and lives saved due to regulation?'

Also, another question. When he says 'government report' is that 'Bush administration' (i.e. a partisan report) or is it CBO?

for a Reuters reporter? Too hard, apparently.

More corporate greed b.s. to scare Americans away from becoming more responsible.

http://today.reuters.com/HelpAndInfo/ContactUs.aspx

click on "contact a reuters editor".