In a column she posted at the Huffington Post, USEPA Administrator Lisa Jackson continued in her attempts to rebrand the Agency into something it never has been nor was intended to be: a creator of wealth. Jackson surely recognizes that the tired, old “sky is falling” message that has traditionally driven environmental agendas has less traction than ever given the economic realities of 2010. So, while she isn’t ready to abandon the fear-mongering tactics that are ingrained in the green movement, Jackson is working hard to create a parallel reality, one in which there is an absolutely phenomenal return on investment whenever the government imposes a new round of environmental regulations.
In a draw-dropping example of the old saw that “correlation does not equate to causation” the administrator told America that the Clean Air Act has created a venerable cornucopia of riches:
“…as air pollution has dropped over the last 40 years, our national GDP has risen by 207 percent. The total benefits of the Clean Air Act amount to more than 40 times the costs of regulation. For every one dollar we have spent, we have received more than $40 of benefits in return, making the Clean Air Act one of the most cost-effective things the American people have done for themselves in the last half century.”
How does one calculate a whopping 4,000% return on Clean Air Act investments? If you’re the EPA, you point to increased productivity that you happily attribute to less lost time due to illness in the workplace, as well as avoided medical costs. Not that you actually have to prove that any of those results actually occur. All you need is a few pointy-headed academics with calculators who can punch the right numbers, attach a certain value to sick days and medical condition and – voila – you too can create trillions in phantom economic benefits.
That’s the method that has been used to justify just about every major piece of Clean Air regulation and Jackson’s EPA has shifted this technique into hyper-drive. If the numbers that she uses to justify the sweeping, radical environmental initiatives her Agency is pushing are to be believed, nobody will ever miss work again and the health care industry will have to close its doors for a lack of business. And yes, I’m exaggerating, but not by much. (more…)







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