Australian Emission Trading Scheme to Drop Both GDP and Wages

And the Democrats want to unleash this job killing monstrosity on America?:

Economic modelling on an emissions trading scheme (ETS), commissioned by the NSW government and conducted by the same firm used by the federal opposition, has found a four per cent drop in GDP and a likely eight per cent fall in real wages.

This modelling, according to the NSW government, generally received a tick from the Commonwealth Treasury.

The document was obtained by the Seven Network through a Freedom of Information application, with details broadcast on Monday night.

Citing secret Treasury economic modelling, the federal government has slammed the opposition’s modelling of the impact of the government’s carbon pollution reduction scheme (CPRS) conducted by the firm Frontier Economics, pointing to a $3.2 billion black hole in the opposition scheme.  [7 News]

Andrew Bolt makes a great point in regards to why was the government trying to hide this from the public?  I think we all know the answer.