- April, 2007: Reilly and several coauthors release a paper titled "Assessment of U.S. Cap-and-Trade Proposals, which estimates early annual revenues from such legislation would run $366 billion
- Sometime between April, 2007 and March, 2009: House Republicans get a hold of his paper, divide $366 billion by the number of households in America, and conclude, erroneously, that the quotient ($3,128) will be the average cost per home.
- March, 2009: Republicans begin using this number in press releases, citing Reilly's study
- Shortly thereafter: The Obama administration gets in touch with Dr. Reilly and asks him to explain his study and the number--he corrects the record.
- A week or so ago: Independently, a woman who says she's with the House Republicans calls Reilly--aware of the number, she invites him to come testify against cap and trade legislation. Reilly informs her that her number is probably wrong, and that he supports cap and trade legislation.
- A couple days ago: A group contacts Reilly to inform him that a large number of press releases were being issued, still trumpeting the false cost.
So Reilly isn't taking any more chances. Yesterday he sent letters to Rep. Ed Markey--author, along with Henry Waxman, of House climate change legislation--and House Minority Leader John Boehner explaining the error and seeking to "clear up any misunderstanding created by this press release and to avoid further confusion." The question is, will House Republicans correct the record or, at the very least, stop citing the number from this point forward. We'll put the question to them and keep an eye on their public statements, press releases, and other documents.