The investment required to actually reduce carbon emissions by 83% by 2050 would be ~4.9% of GDP each year, without the impact of a carbon tax or allowance auction.

Spending 2-4% of GDP ANNUALLY for an outcome that is less than natural climate variability will be one of the worst policies in terms of cost/benefit in the history of the U.S.

Doing so at a time of enormous economic expansion would be bad enough. Doing so while in a recession, or as the U.S. economy struggles to emerge from one, would be somewhere between sophomoric and down right stupid.

But remember, this isn’t about saving the planet, humans, animal species, or avoiding a humanitarian disaster. This is about global government coordination and control, about de-industrializing the industrialized world, about punishing capitalism, about punishing energy consumption, about punishing fossil fuels, about subsidizing the development of the developing world, and about funding wealth redistribution here in American to ensure more votes in 2010 and 2012.

And if you and your elected officials allow cap and trade or any form of carbon tax to become law, don’t be surprised if this is exactly what you get, in addition to a lower rate of economic growth, reduced personal wealth, higher energy bills, higher food prices, higher prices for all consumer goods, and more government intrusion into your choices (the car you drive, your electricity usage, and much more).

Wake up, America. And do it QUICK!