Comments on: The President’s press conference: climate change http://keithhennessey.com/2009/06/24/potus-presser-climate/ Your guide to American economic policy Tue, 27 Jul 2010 13:47:00 +0000 hourly 1 http://wordpress.org/?v=abc By: Meridia. http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-12906 Meridia. Fri, 30 Oct 2009 15:47:27 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-12906 <strong>Meridia....</strong> Meridia. Meridia overnight cod. Does meridia work. Meridia side effects....<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('12906','Meridia.'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('12906','Meridia.','<strong>Meridia....<\/strong>\n\nMeridia. Meridia overnight cod. Does meridia work. Meridia side effects....'); return false;">Quote</a></div> Meridia….

Meridia. Meridia overnight cod. Does meridia work. Meridia side effects….

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]]> By: detoxdietguy http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-12425 detoxdietguy Fri, 02 Oct 2009 11:53:30 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-12425 recently, there has been some massive flooding in the Philippines and Vietnam which i think is also due to Climate Change. the tropical storms in asia are somewhat getting stronger stronger each year.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('12425','detoxdietguy'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('12425','detoxdietguy','recently, there has been some massive flooding in the Philippines and Vietnam which i think is also due to Climate Change. the tropical storms in asia are somewhat getting stronger stronger each year.'); return false;">Quote</a></div> recently, there has been some massive flooding in the Philippines and Vietnam which i think is also due to Climate Change. the tropical storms in asia are somewhat getting stronger stronger each year.
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]]> By: Trading Eights » One Controversial, Uncertain, Imperfect Chance: Is It Worth It? http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-2314 Trading Eights » One Controversial, Uncertain, Imperfect Chance: Is It Worth It? Tue, 30 Jun 2009 12:32:06 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-2314 [...] Hennessey, an economist who served in the second Bush administration, called the President out for violating truth-in-advertising. I thought the language he used was a bit too strong, and I said [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2314','Trading Eights » One Controversial, Uncertain, Imperfect Chance: Is It Worth It?'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2314','Trading Eights » One Controversial, Uncertain, Imperfect Chance: Is It Worth It?','[...] Hennessey, an economist who served in the second Bush administration, called the President out for violating truth-in-advertising. I thought the language he used was a bit too strong, and I said [...]'); return false;">Quote</a></div> [...] Hennessey, an economist who served in the second Bush administration, called the President out for violating truth-in-advertising. I thought the language he used was a bit too strong, and I said [...]
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]]> By: Mikel http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-2235 Mikel Mon, 29 Jun 2009 12:16:14 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-2235 Yes, Spain has gone the government supported clean energy route and paid the price. The following is from an article by Georg Will: Calzada (Gabriel Calzada, an economics professor at Spain's Universidad Rey Juan Carlos) says Spain's torrential spending -- no other nation has so aggressively supported production of electricity from renewable sources -- on wind farms and other forms of alternative energy has indeed created jobs. But Calzada's report concludes that they often are temporary and have received $752,000 to $800,000 each in subsidies -- wind industry jobs cost even more, $1.4 million each. And each new job entails the loss of 2.2 other jobs that are either lost or not created in other industries because of the political allocation -- sub-optimum in terms of economic efficiency -- of capital. (European media regularly report "eco-corruption" leaving a "footprint of sleaze" -- gaming the subsidy systems, profiteering from land sales for wind farms, etc.) Calzada says the creation of jobs in alternative energy has subtracted about 110,000 jobs elsewhere in Spain's economy.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2235','Mikel'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2235','Mikel','Yes, Spain has gone the government supported clean energy route and paid the price. The following is from an article by Georg Will: \r\nCalzada (Gabriel Calzada, an economics professor at Spain\'s Universidad Rey Juan Carlos) says Spain\'s torrential spending -- no other nation has so aggressively supported production of electricity from renewable sources -- on wind farms and other forms of alternative energy has indeed created jobs. But Calzada\'s report concludes that they often are temporary and have received $752,000 to $800,000 each in subsidies -- wind industry jobs cost even more, $1.4 million each. And each new job entails the loss of 2.2 other jobs that are either lost or not created in other industries because of the political allocation -- sub-optimum in terms of economic efficiency -- of capital. (European media regularly report \"eco-corruption\" leaving a \"footprint of sleaze\" -- gaming the subsidy systems, profiteering from land sales for wind farms, etc.) Calzada says the creation of jobs in alternative energy has subtracted about 110,000 jobs elsewhere in Spain\'s economy.'); return false;">Quote</a></div> Yes, Spain has gone the government supported clean energy route and paid the price. The following is from an article by Georg Will:
Calzada (Gabriel Calzada, an economics professor at Spain’s Universidad Rey Juan Carlos) says Spain’s torrential spending — no other nation has so aggressively supported production of electricity from renewable sources — on wind farms and other forms of alternative energy has indeed created jobs. But Calzada’s report concludes that they often are temporary and have received $752,000 to $800,000 each in subsidies — wind industry jobs cost even more, $1.4 million each. And each new job entails the loss of 2.2 other jobs that are either lost or not created in other industries because of the political allocation — sub-optimum in terms of economic efficiency — of capital. (European media regularly report “eco-corruption” leaving a “footprint of sleaze” — gaming the subsidy systems, profiteering from land sales for wind farms, etc.) Calzada says the creation of jobs in alternative energy has subtracted about 110,000 jobs elsewhere in Spain’s economy.
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]]> By: Mark_0454 http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-2144 Mark_0454 Sun, 28 Jun 2009 01:45:48 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-2144 Maybe someone can second this, but I believe Spain has gone about as green as you can go. Their unemployment is now nearly 20%.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2144','Mark_0454'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2144','Mark_0454','Maybe someone can second this, but I believe Spain has gone about as green as you can go. Their unemployment is now nearly 20%.'); return false;">Quote</a></div> Maybe someone can second this, but I believe Spain has gone about as green as you can go. Their unemployment is now nearly 20%.
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]]> By: Peter http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-2122 Peter Sat, 27 Jun 2009 17:40:36 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-2122 Keith, Isn't it also correct to note that whatever jobs are created by the mandates in this bill are rightly categorized as a cost and not a benefit?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2122','Peter'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2122','Peter','Keith,\r\n\r\nIsn\'t it also correct to note that whatever jobs are created by the mandates in this bill are rightly categorized as a cost and not a benefit?'); return false;">Quote</a></div> Keith,

Isn’t it also correct to note that whatever jobs are created by the mandates in this bill are rightly categorized as a cost and not a benefit?

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]]> By: Charles http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-2042 Charles Fri, 26 Jun 2009 17:11:58 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-2042 Curiously, a haircut may be tradable too. http://gregmankiw.blogspot.com/2009/03/haircuts-as-tradable.html<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2042','Charles'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2042','Charles','Curiously, a haircut may be tradable too.\r\n\r\nhttp:\/\/gregmankiw.blogspot.com\/2009\/03\/haircuts-as-tradable.html'); return false;">Quote</a></div> Curiously, a haircut may be tradable too.

http://gregmankiw.blogspot.com/2009/03/haircuts-as-tradable.html

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]]> By: Laurent Pacalin http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-1986 Laurent Pacalin Thu, 25 Jun 2009 22:57:06 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-1986 The real question is whether we’re facing an abyss of the same magnitude in regard to the climate crunch as we were 18 month ago with the credit crunch. If so, will a cap & trade policy to mitigate climate change play a similar role to the “systemic regulator” for the financial industry?

Lawrence Goulder from Stanford University suggests that in order to create a politically viable carbon emissions plan, the government should auction off a majority of carbon dioxide emissions permits.

It’s time that we consider the opportunity cost of not doing anything about the growing “systemic risk” threatening the earth’s climate – before it’s too late to do anything about it.

Laurent Pacalin
Co-Founder Clean Tech Open

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]]> By: TerryO http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-1959 TerryO Thu, 25 Jun 2009 16:53:50 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-1959 The reason that issues such as deadweight loss are excluded from policy discussions is the same as the reason that corruption is not mentioned. While germane and inescapable, it's inconvenient and dissolves the argument for these proposals.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('1959','TerryO'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('1959','TerryO','The reason that issues such as deadweight loss are excluded from policy discussions is the same as the reason that corruption is not mentioned. While germane and inescapable, it\'s inconvenient and dissolves the argument for these proposals.'); return false;">Quote</a></div> The reason that issues such as deadweight loss are excluded from policy discussions is the same as the reason that corruption is not mentioned. While germane and inescapable, it’s inconvenient and dissolves the argument for these proposals.
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]]> By: kbh http://keithhennessey.com/2009/06/24/potus-presser-climate/comment-page-1/#comment-1956 kbh Thu, 25 Jun 2009 16:25:28 +0000 http://keithhennessey.com/2009/06/24/the-presidents-press-conference-climate-change-4/#comment-1956 I think I could have eliminated Trading Eights' counterargument had I been a bit more precise. Still, I agree with Mark H. on both counts. The deadweight loss point is almost always ignored in policy debates, and I am hard-pressed to think of examples of Congress spending taxpayer funds in a manner that yields a higher return than if those dollars had been left in private hands.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('1956','kbh'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('1956','kbh','I think I could have eliminated Trading Eights\' counterargument had I been a bit more precise. Still, I agree with Mark H. on both counts. The deadweight loss point is almost always ignored in policy debates, and I am hard-pressed to think of examples of Congress spending taxpayer funds in a manner that yields a higher return than if those dollars had been left in private hands.'); return false;">Quote</a></div> I think I could have eliminated Trading Eights’ counterargument had I been a bit more precise. Still, I agree with Mark H. on both counts. The deadweight loss point is almost always ignored in policy debates, and I am hard-pressed to think of examples of Congress spending taxpayer funds in a manner that yields a higher return than if those dollars had been left in private hands.
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