Staff Contributors
Guest Contributors
Gristmill

Bush aide: Slightly less than doubling of GDP is 'recessionary'

Posted by David Roberts at 4:05 PM on 18 Mar 2008

Read more about: politics

Need more proof that Bush will never, ever, in a million gazillion years, sign a decent climate bill? Here's what his right-hand hack Jim Connaughton had to say ($ub. req'd) about the relatively tepid Lieberman-Warner bill:

James Connaughton, the chairman of the White House Council on Environmental Quality, cited EPA's worst-case modeling projections for the bill from Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.).

"We have significant concerns with the current proposals," Connaughton said in a telephone interview.

Under any new climate law, EPA acknowledged that gross domestic product should double over the next several decades from its current $13.8 trillion, but the EPA results released Friday also show the Lieberman-Warner bill cutting into that GDP growth.

EPA models also yielded projections with less of an economic sting, but Connaughton focused on the EPA findings' high-end costs, which show GDP falling by as much as 3.8 percent, or $983 billion, in 2030 and by up to 6.9 percent, almost $2.9 trillion, in 2050.

Advance scaremongering -- expect much more of it.

You are not logged in. Thus, you cannot post a comment. If you have an account, log in. If you don't have an account, well, by all means go make one! Meet you back here in five.
sign in
Search Gristmill
Subscribe
  • subscribe via RSSStay updated with the Gristmill RSS feed.
  • Add to My Yahoo!
  • Subscribe with Bloglines
  • Subscribe in NewsGator Online
  • Subscribe in Netvibes
  • Subscribe in Google
Using Gristmill
  • What is Gristmill?
  • Posting rules
The comments of Gristmill users reflect the opinions of those individuals only, and do not necessarily reflect the viewpoints of Grist, its staff, its board members, their psychotherapists, or their aestheticians. Got it?

Gristmill is powered by Scoop.

ADVERTISING POLICY


About Grist | Support Grist | Job Board | Archives | Grist by Email | RSS | Podcast
Gristmill Blog | In the News | Ask Umbra | Muckraker | Victual Reality | 'Tis the Season | The Grist List | The Bottom Line



Grist: Environmental News and Commentary
a beacon in the smog (tm) ©2008. Grist Magazine, Inc. All rights reserved. Gloom and doom with a sense of humor®.
Webmaster | Sitemap | Privacy Policy | Terms of Service | Trademarks