The Costs and Politics of Energy

By May 30, 2008Energy

The National Review’s editor, Rich Lowry, cites NAM Chief Economist David Huether to issue a bipartisan critique of the presidential candidates’ position on energy and global warming. Well, mostly a critique of McCain. From The Corner:

The Party of Cheap Energy? [Rich Lowry]

Higher energy prices are threatening to stoke broader inflation and are eating into workers’ paychecks, as USA Today noted yesterday: “Already, says David Huether, economist for the National Association of Manufacturers, soaring energy prices mean that the average worker’s wages have fallen, when adjusted for inflation. `If you exclude energy, real wages would be rising now,’ Huether says.” Wouldn’t it be a great time for the GOP to favor cheap, abundant energy? Especially when the nomination of Barack Obama is creating an opening among working-class voters who are especially feeling the pinch? Alas, the GOP nominee supports a scheme to make energy more expensive in an ineffectual gesture toward addressing a theoretical threat from global warming. What a missed opportunity.

05/30 11:09 AM

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