In recent weeks, ABC’s “This Week” host George Stephanopoulos twice misquoted a CBO analysis of the Waxman-Markey bill that claims that we can save the planet for the price of a postage stamp per day. How this squared with the Obama administration’s admission, even promise, that energy costs would “necessarily skyrocket” he did not explain.
… Sure, the cost is only $175 if you ignore the loss in gross domestic product, the increase in energy prices and its impact on the price of everything we produce and consume. Some of this may be rebated in some form, but wouldn’t it be better if the costs weren’t imposed in the first place?
Which figure do you think will be used in the media? The CBO-Stephanapoulos lowball or the real deal?