Otherwise, those poor people in New York might have frozen to death: New York City fails to reach 85 degrees Fahrenheit in June, for the first time since 1916.
In an op-ed in today's Washington Post, Governor Sarah Palin slams President Barack Obama's cap-and-trade energy plan, calling it cap-and-tax:
I am deeply concerned about President Obama's cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.
American prosperity has always been driven by the steady supply of abundant, affordable energy. Particularly in Alaska, we understand the inherent link between energy and prosperity, energy and opportunity, and energy and security. Consequently, many of us in this huge, energy-rich state recognize that the president's cap-and-trade energy tax would adversely affect every aspect of the U.S. economy.
There is no denying that as the world becomes more industrialized, we need to reform our energy policy and become less dependent on foreign energy sources. But the answer doesn't lie in making energy scarcer and more expensive! Those who understand the issue know we can meet our energy needs and environmental challenges without destroying America's economy.
Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.
In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.
The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.
Palin goes on to describe the damage this plan is sure to do to our economy and offers an alternative: the intelligent, safe exploitation of the vast resources at our disposal, coupled with the development of nuclear power. While I doubt complete energy independence (which I believe is her goal) is possible, I have no doubt that hers are the correct proposals.
I also have no doubt this is the opening salvo in her 2010 and 2012 campaigns: the first to take back the House from the Progressives, the second to unseat Barack Obama himself.
It's on, baby.
UPDATE: Ed Morrissey expands on the Governor's arguments.