Fill out the brief form below for access to the free report.
What are growth believers to make of the Administration’s recently announced plan on climate change? Bush Institute Fellow Bud Weinstein offers his take in a recent Op-Ed for Investor’s Business Daily.
Weinstein finds three basic problems with the plan:
- The proposed regulations of greenhouse gas emissions do not take into account any kind of cost-benefit analysis. Weinstein asserts that the costs of the regulations — in terms of lost economic growth — may well exceed the benefits of the new rules.
- Reducing carbon emissions requires a coordinated strategy with buy-in from all the world’s major economies. Even if the U.S. were successful in limiting its own carbon emissions, these reductions would be more than offset by emissions from countries like China, India, and Brazil.
- The Administration’s plan emphasizes continued public investment in renewable energy projects. Unfortunately, Weinstein writes, such projects in the past have cost taxpayers dearly without yielding large amounts of energy.
A more promising way to reduce carbon emissions while simultaneously helping the economy, as Weinstein notes, is for the U.S. to expedite the approval of liquefied natural gas exports. Natural gas is a clean energy source, and one that America has in abundance. Other countries are desperate to purchase U.S. natural gas, but are essentially blocked from doing so because the U.S. federal government has delayed approving permits that are required for export. Weinstein makes the case that by exporting natural gas, “Not only will we be creating jobs at home, we'll be helping to reduce [greenhouse gasses] abroad.”
On September 12 the Bush Institute will host a major conference looking in greater depth at all these issues. The conference will gather policymakers, leading academics, and industry leaders to examine the issue of energy regulation and its relationship to economic growth. The proceedings will be broadcast via live stream on www.bushcenter.org and we will be posting conference papers and energy-related commentary here at www.fourpercentgrowth.org. We hope you will tune in for these discussions as we explore how the energy industry is reshaping America’s economy and helping push the country in the direction of 4% growth.
Matthew Denhart is an expert on immigration policy and is the author of the Bush Institute’s America's Advantage: A Handbook of Vital Immigration and Economic Growth Statistics, now in its third edition. He currently serves as executive director of the Calvin Coolidge Presidential Foundation and is a founder of the Coolidge Scholars Program which provides full-ride merit scholarships to America's most promising college students. A summa cum laude graduate of Ohio University, Denhart has written and spoken widely on a variety of policy topics including the economics of higher education, labor, and taxes. He has contributed articles to numerous national publications including The Wall Street Journal, Forbes.com, CNN Opinion, and Bloomberg View.Full Bio
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.