Sep
16
2009

How to Spread Misinformation

The Drudge Report (9/16/09) is featuring this headline (in scary red type): Obama Admin: Cap And Trade Could Cost Families $1,761 A Year… The link goes to a CBSNews.com post, which declares: A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year. Well,there's one problem: $1,700 is the upper estimate. The second, far more importantproblem: This was an analysis based on a plan […]

Jun
29
2009

Climate Change Secondary to 'Free' Trade at NYT

Tying the urgent present-day topic of economic reporting in with the most pressing global emergency of climate change, Dean Baker has posted at his Beat the Press blog (6/29/09) on "What Does 'Free Trade' Have to Do With Taxing Greenhouse Gas Emissions?": That is the question that the New York Times should have been asking in an article that reported President Obama's opposition to taxing imported items from countries that have not taken steps to curb greenhouse gas emissions. The point of his cap-and-trade program is to make items that require large amounts of greenhouse gas (GHG) emissions more expensive, […]