Jamie Dupree goes through Cap and Trade with a fine-toothed comb:
- under this bill, the Secretary of Energy would pay money to retailers that get rid of older appliances and machines that use extra energy.
In the same section, the bill lays out “Premium Awards” that would be paid to the manufacturers of new energy efficient appliances.
From what I can make of the legislative gobbledygook on page 479 of the bill, it looks like the feds would pay the manufacturers of “Superefficient Best In Class Products” for each unit that they produce.
* $75 for each dishwasher
* $250 for each clothes washer
* $200 for each refrigerator or refrigerator-freezer
* $250 for each clothes dryer
* $200 for each cooking product
* $300 for each water heaterNow I don’t have to be a rocket scientist to figure out that if you pay enough of those awards, that is going to be a big chunk of change in Fiscal Years 2011, 2012 and 2013, which is when the awards would be paid out.
How much money are we talking here? Well, the entire section relating to super efficient appliances would get $600 million for FY 2011, 2012 and 2013 - and then “such sums” as may be necessary in the future.
The bill specifically says that “no less” than 40% of the money in those first three years shall be for “Premium Awards for Development and Production of Superefficient Best-in-Class Products.”
I just can’t make this stuff up.
More.