Investor's Business Daily has been a fan of Sarah Palin's energy policies for quite some time. They came out in defense of Palin's op-ed opposing Cap and Trade in an editorial yesterday. The article is here, along with an audio podcast version.
The whole editorial was great, so here it is in its entirety:
"John Kerry, replying to an op-ed Sarah Palin wrote on cap-and-trade, suggests the Alaska governor "check the view from her front porch." What she sees from there, senator, is energy wealth going to waste.
"The political death of Sarah Palin has been greatly exaggerated. In a devastating op-ed in the Washington Post, Alaska's governor exposes the cap-and-tax fraud that has nothing to do with earth's temperature and everything to do with government control of the economy.
"She also exposes the stealth socialism ambitions of the Democratic left and once again points out the availability of abundant "shovel-ready" resources under America's soil, off America's shores and even in America's rocks.
"Judging from the reaction from Sen. Kerry and the political arm of George Soros, one must ask: If Palin is spent as a political force, why is everyone on the left so worried and talking about her?
"Kerry took to the ultraliberal Web site Huffington Post to object to Palin's description of "the president's cap-and-trade energy tax" as "an enormous threat to our economy." In Alaska, she wrote, "we understand the inherent link between energy and prosperity, energy and opportunity, energy and security."
"Kerry, who opposed the Cape Wind project off breezy Cape Cod because a wind farm capturing energy from ocean breezes might spoil his view, went ballistic. In a thinly veiled reference to Tina Fey's "Saturday Night Live" skit, he repeated the warm-monger mantra that the "global climate change crisis threatens our economy and national security in profound ways" and that "Gov. Palin need look no further than the view from her front porch in Alaska to see how destructive this crisis can be."
"What Palin sees is a cap-and-tax plan that will result in a "dried-up energy sector" that even the sponsors of the Waxman-Markey bill anticipate, or they wouldn't have included a provision providing $4.2 billion over eight years for newly unemployed energy workers.
"It's not just the energy sector that will be devastated. Palin notes that "even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan." We have cited an analysis of Waxman-Markey by the Heritage Foundation that found unemployment will increase by nearly 2 million in 2012, the first year of the program, and reach nearly 2.5 million in 2035. Total GDP loss by 2035 would be $9.4 trillion.
"Kerry responded that Palin failed to mention that "jobs in our emerging clean energy economy grew nearly 2 1/2 times faster than overall jobs since 1998." That's easy when you start from almost zero. Note that 1998 is also the year the earth started cooling, with not a warmer year since. There's even been snow in Malibu.
"From Palin's front porch, senator, she can see "the largest private-sector energy project in history" — her "3,000-mile natural gas pipeline (that) will transport hundreds of trillions of cubic feet of our clean natural gas to hungry markets across America."
"From Palin's front porch you can also see the 2,000-acre part of ANWR's frozen tundra that contains 10.4 billion barrels of recoverable oil (such estimates often underestimate actual yields) and that could supply all the oil needs of Kerry's Massachusetts for 75 years.
"And from her front porch, Palin can see the Chukchi Sea northwest of Alaska's landmass. Awaiting development there, according to the U.S. Geological Survey, are 1.6 trillion cubic feet of natural gas, or 30% of the world's supply, and 83 billion barrels of oil, 4% of global conventional resources.
"MoveOn.org began e-mailing members Tuesday, asking them to fund a rapid response ad blasting Palin's op-ed. Soros' group said Palin was positioning herself as the face of conservative opposition to Obama's energy policy, telling supporters her op-ed was "a marvel of misinformation and outright lies."
"What really hurts is Palin's truth. Kerry and MoveOn.org say Sarah Palin must be stopped. We say, drill, baby, drill."
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