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Climate Progress

‘All of the Above’: Obama Names His Failed Presidency

If we’re going to take control of our energy future and can start avoiding these annual gas price spikes that happen every year — when the economy starts getting better, world demand starts increasing, turmoil in the Middle East or some other parts of the world — if we’re going to avoid being at the mercy of these world events, we’ve got to have a sustained, all-of-the-above strategy that develops every available source of American energy.  Yes, oil and gas, but also wind and solar and nuclear and biofuels, and more.

President Obama gave a speech at the University of Miami on Thursday discussing his energy plan — assuming that one can use the word “plan” to describe a strategy devoid of any judgment. Obviously, all-of-the-above = more of everything = more fossil fuels = Hell and High Water.

The president has come a long way from his 2008 declaration that this is “the moment when the rise of the oceans began to slow and our planet began to heal.” Now it’s more like “Après nous, le Déluge” (see “JPL bombshell: Polar ice sheet mass loss is speeding up, on pace for 1 foot sea level rise by 2050“).

Just a year ago, “all-of-the-above” was actually a standard Republican talking point, so much so that Democrats routinely mocked it (see Markey slams oil-above-all” approach). It is certainly true that when the president says it, he means it, whereas the Republicans merely say it and then bitterly oppose all of the clean energy programs that Democrats put on the table.  I’m not sure future generations will notice the difference.

Obama’s all-of-the-above energy speech took a none-of-the-above approach to environmental problems: It ignored them all, including the most important of them all, global warming.

Obama is currently in the midst of a failed presidency from a historical perspective because of his abandonment of the climate issue, which is the only issue future generations are going to care about if we don’t act now, as I’ve said many times.

Obama will probably get only one serious shot at redemption, the grand bargain on tax and the deficit at the end of this year (see “Bipartisan Support Grows for Carbon Price as Part of Debt Deal“).  Speeches like this provide no evidence whatsoever that Obama even understands the stakes anymore.

Here are two other places in the speech where he repeats his new slogan:

Read more

Alyssa

Get Excited for ‘The Last Airbender: The Legend of Korra’ With a New Trailer

This trailer for the still release-date-less The Legend of Korra looks pretty excellent:

The one real question I have is how the rise of technology’s going to change the Avtar universe. One of the things that I liked best about Avatar: The Last Airbender was how the creative uses of bending effectively took the place of technology—you don’t need schmancy technology to run a huge metropolis like Ba Sing Se when you have earthbending. I’d be sorry if setting this story in what looks like pre-war Shanghai made the world seem more familiar and less independently fascinating.

Politics

Mitt Romney ‘Remembers’ A Michigan Event That Took Place 9 Months Before He Was Born

For several weeks now, the Mitt Romney campaign has crisscrossed Michigan in an attempt to salvage a badly-needed win in the state where Romney was born and his father served as governor. And in an attempt to overcome several embarrassing unforced errors in the last few days, Romney tried to connect with Michiganders at a tea party rally in Milford on Thursday by “remembering” an event from his childhood that took place nine months before he was born.

A reporter from the Toronto Star, which covers nearby Michigan, caught the blunder:

Romney recalled he was “probably 4 or something like that” the day of the Golden Jubilee, when three-quarters of a million people gathered to celebrate the 50th anniversary of the American automobile.

“My dad had a job being the grandmaster. They painted Woodward Ave. with gold paint,” Romney told a rapt Tea Party audience in the village of Milford Thursday night, reliving a moment of American industrial glory.

The Golden Jubilee described so vividly by Romney was indeed an epic moment in automotive lore. The parade included one of the last public appearances by an elderly Henry Ford.

The National Automobile Golden Jubilee was held in June of 1946. Romney was born on March 12, 1947. Governor George Romney did in fact oversee the day’s festivities, but his son’s retelling is, at best, a patchwork tale stitched together from pieces of his father’s stories.

On Monday, the Romney campaign told the Huffington Post that Romney never explicitly said he was in attendance at the event. “He was simply telling the story about his dad,” an aide told the site.

This isn’t the first time Romney has run into trouble when trying to recall a childhood memory from Michigan. Two weeks ago his campaign ran an ad with a photograph purportedly showing Romney with his father at the Detroit auto show. As ThinkProgress noted, the photo was actually taken from a helipad at the World’s Fair in New York.

NEWS FLASH

One In Five Americans Report Not Having Enough Money For Food In 2011 | According to a new report released today by the Food Research and Action Center (FRAC), nearly one in five Americans report not having enough money to feed themselves or their family at some point last year, a slight increase over 2010. “Rising food prices, continuing high unemployment and underemployment, and flat food stamp benefit allotments all contributed to the high food hardship rate in 2011,” said FRAC President Jim Weill. Food insecurity increased by about 30 percent following the Great Recession.

Climate Progress

Legal Case Against EPA Greenhouse Endangerment Finding: ‘Man-Made Climate Change Is Not Certain’

Tomorrow, the D.C. Court of Appeals will hear arguments from carbon polluters and their political allies that the EPA scientific endangerment finding for greenhouse pollution should be overturned. This case — brought by the state of Virginia, the industry front-group Coalition for Responsible Regulation, the U.S. Chamber of Commerce, and the Tea Party-industry front Southeastern Legal Foundation — is based on the right-wing myth that global warming is a hoax. Holland & Hart attorney Paul Phillips, representing the Coalition for Responsible Regulation, told InsideClimate News that “man-made climate change is not certain,” according to “a compelling amount of science and facts out there”:

There’s a compelling amount of science and facts out there that suggest man-made climate change is not certain. EPA needs to accurately and honestly those certainties as well as the uncertainties.

The Coalition for Responsible Regulation, established in 2009, has not disclosed who its member companies are.

The EPA endangerment finding, Inside Climate News notes, “is based on more than 100 published scientific studies and peer-reviewed syntheses of climate change research” by the U.S. Climate Change Science Program/U.S. Global Change Research Program, the Intergovernmental Panel on Climate Change and the National Research Council of the U.S. National Academy of Sciences.

Essentially every scientific society in the world — and every agency of the United States government — recognizes that the threat of man-made global warming is a fact. As the National Academy of Sciences wrote in 2010, man-made global warming is a “settled fact“:

From a philosophical perspective, science never proves anything—in the manner that mathematics or other formal logical systems prove things—because science is fundamentally based on observations.

Any scientific theory is thus, in principle, subject to being refined or overturned by new observations.

In practical terms, however, scientific uncertainties are not all the same. Some scientific conclusions or theories have been so thoroughly examined and tested, and supported by so many independent observations and results, that their likelihood of subsequently being found to be wrong is vanishingly small.

Such conclusions and theories are then regarded as settled facts. This is the case for the conclusions that the Earth system is warming and that much of this warming is very likely due to human activities.

Since 2010, the science attributing the unequivocal warming of the planet to fossil-fuel pollution has grown even stronger. It’s now considered “highly likely” that all of the observed warming since 1950 is manmade (and “extremely likely” that most of the warming is manmade).

Economy

Did The Hill’s New Poll Actually Show That Americans Want ‘A Lower Tax Bill’ For The Rich? (Hint: No)

Our guest blogger is Seth Hanlon, Director of Fiscal Reform at the Center for American Progress Action Fund.

An article in The Hill today describing the results of a new poll inaccurately reports that voters want “a lower tax bill” for wealthy individuals and businesses. If anything, the poll shows the opposite.

In tax policy, it’s critical to distinguish between marginal tax rates and effective tax rates. Marginal rates are the rate paid on a person or corporation’s last dollar of income. Effective rates are the overall share of income paid in taxes.

Effective tax rates are the better measure of what taxpayers actually pay: They take into account the numerous tax breaks that individuals and corporations use to lower their tax bills, and the fact that people in top tax brackets have income in lower tax brackets.

The Hill article fails to sort out this very basic distinction, then proceeds to make a number of apples-to-oranges comparisons that paint a misleading picture of what wealthy people and corporations are paying in taxes now and what people want them to pay. For example:

– The article’s lede asserts that, “three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates.” That’s not what the poll reveals. The poll apparently asked respondents to identify the “most appropriate top tax rate” for families earning more than $250,000, a vague formulation that is very likely to prompt most respondents to say how much of their income these families should pay in taxes — in other words, what their effective rate should be. Fully 60 percent of respondents who expressed an opinion said that the “most appropriate” rate for families earning $250,000 or more should be 25 percent or higher. That is, in fact, higher than what the average effective income tax rates are today for all levels of income. And it is significantly higher than many extremely wealthy households now pay. Read more

Climate Progress

Bad Acid Trip: USGS Study Finds Humans Are Acidifying ‘The Air, Oceans, Freshwaters And Soils’

Call it the reverse Midas touch. Everything homo sapiens touches turns to acid.

A study led by the U.S. Geological Survey finds, “Human use of Earth’s natural resources is making the air, oceans, freshwaters, and soils more acidic.”  The USGS news release explains:

This comprehensive review, the first on this topic to date, found the mining and burning of coal, the mining and smelting of metal ores, and the use of nitrogen fertilizer are the major causes of chemical oxidation processes that generate acid in the Earth-surface environment.

These widespread activities have increased carbon dioxide in the atmosphere, increasing the acidity of oceans; produced acid rain that has increased the acidity of freshwater bodies and soils; produced drainage from mines that has increased the acidity of freshwater streams and groundwater; and added nitrogen to crop lands that has increased the acidity of soils.

Previous studies have linked increased acidity in oceans to damage to ocean food webs, while increased acidity in soils has the potential to affect their ability to sustain crop growth.

In short, global acidification is one more threat to global food security, which is already under grave threat by climate change, our idiotic biofuels policies, population growth and demographic changes (see Oxfam Predicts Climate Change will Help Double Food Prices by 2030: “We Are Turning Abundance into Scarcity”).

Here’s more background on the study and its findings:

Read more

Politics

VIDEO: Mitt Romney’s Top 10 Out Of Touch Moments

Mitt Romney just can’t help himself. Despite concerns about his ability to connect with average voters, Romney refers to his significant wealth with startling frequency. Three times in the last three days alone, Romney has issued statements that make him seem completely disconnected with normal Americans. This has been a problem for Romney since the beginning of the campaign, and may haunt him down the road if he just can’t shake the image of being “Mr. One-percent.” Here are Mitt Romney’s top 10 out of touch moments:

10. “I like those fancy raincoats you bought [to people wearing plastic ponchos]. Really sprung for the big bucks.’”

9. “I know what it’s like to worry about whether or not you are going to get fired. … There are times when I wondered whether I was going to get a pink slip.”

8. “Corporations are people, my friend.”

7. “Rick [Perry], I’ll tell you what: 10,000 bucks? $10,000 bet?”

6. “I get speaker’s fees from time to time, but not very much.” [$374,000]

5. “I have some great friends who are NASCAR team owners.“

4. “Ann drives a couple of Cadillacs.”

3. “I’m not concerned about the very poor. … We have a safety net there.”

2. “I’m also unemployed.”

1. “I like being able to fire people who provide services to me.”

Watch them all here:

NEWS FLASH

Top U.S. Defense Officials On Afghanistan: ‘Fundamentals Of Our Strategy Remain Sound’ | The top civilian and uniformed Defense Department officials — Secretary Leon Panetta and Joint Chiefs of Staff Chairman General Martin Dempsey — are sticking with the U.S. strategy in Afghanistan. They “believe we have achieved significant progress in reversing the Taliban’s momentum and in developing the Afghan security forces, and they believe that the fundamentals of our strategy remain sound,” said Pentagon Press Secretary George Little. The news comes amid ongoing protests in Afghanistan that led to shooting deaths of U.S. military officials there, and resulting jitters about the U.S.-led war. The U.S. plans on handing over full power to the Afghan government at the end of 2014. (HT: Josh Rogin)

Economy

Over Last 10 Years, General Electric’s Effective Tax Rate Was 2.3 Percent

The Obama administration unveiled its corporate tax reform plan last week, which would lower the top rate from 35 percent to 28 percent, billing it as an effort to help make the American corporate tax code more competitive. Republicans have long crowed for corporate tax reform, saying America’s high marginal rate stifles competition, but they have blocked efforts (including Obama’s) to close many of the loopholes and schemes corporations use to avoid paying taxes.

General Electric, one of the nation’s largest corporations, found itself at the center of the corporate tax debate last year when the New York Times discovered that it paid nothing in taxes, despite billions of dollars in profits. GE responded to the outcry by promising that its 2011 rate was “slated to return to more normal levels” because of the recovery of GE Capital, its financial arm. But according to an analysis from Citizens for Tax Justice, the company’s 2011 effective tax rate was just 11.3 percent. Even worse, over a 10-year period from 2002-2011, the company paid $1.9 billion in taxes on $81.2 billion in profits, giving it an effective tax rate of just 2.3 percent for the decade:

– From 2006 to 2011, GE’s net federal income taxes have been negative $2.7 billion, despite $39.2 billion in pretax U.S. profits over the six years.

– Over the past decade, GE’s effective federal income tax rate on its $81.2 billion in pretax U.S. profits has been at most 2.3 percent.

In the 10-year period CTJ examined, GE’s highest tax rate came in 2005, when it paid 27.5 percent, below the top tax rate in Obama’s reform plan. Four times in that stretch, its tax rates was negative, most notably in 2010, when the company received more than $3 billion in tax refunds, giving it an effective rate of negative 64.2 percent (click the image to make it larger):

While GE is one of the worst offenders, it isn’t alone. The U.S. does indeed have one of the world’s highest marginal corporate tax rates, but the effective rate that corporations actually pay is much lower. In 2009, in fact, only Iceland had a lower effective rate, and only two countries collected less in revenue as a percent of GDP. As investor Warren Buffett noted on CNBC this morning, “It is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.”

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