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Reagan economist Arthur Laffer would support a carbon tax in exchange for a reduction in payroll or income taxes. Bush 43 economist Greg Mankiw supports a global carbon tax. Douglas Holtz-Eakin, senior adviser to John McCain in 2008, wants a carbon tax to provide the energy industry with regulatory “certainty.”

As smart as these guys may be, apparently none of them has done the simple math that shows a carbon tax would be a futile policy that would buy less than nothing.

Hurricane Sandy showed what life is like without fossil fuels. It’s not an existence many would relish. Mr. Obama’s concern is not the realities of climate. For him and his kind, global warming is just an excuse to seize control of the economy. As for congressional Republicans, they don’t need to panic — they should just do the math.

Steve Milloy publishes and is the author of “Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them” (Regnery, 2009).