That is the false dichotomy that is usually portrayed by the anti-global warming folks. In no way would the US have to "mortgage our lifestyles" to reduce carbon emissions. In fact, most of the proposed changes would enhance our lifestyles - more fuel efficient cars, alternative energy sources, etc. The hysteria that our economy will collapse if we try to reduce pollution is propagated by the corporations who have something to lose - primarily the oil industry.
This presumes, once again, that human carbon emissions are even a problem.
The drive to fuel efficient cars is good, but it has nothing to do with global warming. It has to do with the price of fuel. People will buy cars according to how cheaply they can be bought and run, not according to how carbon neutral they are.
Exactly how do "alternative energy sources" enhance my lifestyle? Right now, burning gasoline and using coal-derived electricity is pretty easy for us...exactly how will windmills and solar panels make our lifestyles any better? I am not saying that going to nuclear or fusion power would not be a good thing, but I don't see the connection to lifestyle, unless the energy is cheaper.
Our lifestyles require energy that is 1) plentiful 2) cheap 3) non-polluting. If one subtracts carbon dioxide from the equation, oil fits the bill perfectly. Thanks to modern automotive technology, a 2007 car gives off less pollution at full throttle than a 1965 car did JUST SITTING IN THE GARAGE giving off fumes from its gascap. If the US were to tap its northern reserves, we would have enough oil to last for centuries. Like diamonds, oil is only expensive because geopolitical forces make it so.
I believe that GW is a concoction of people who HATE big oil for some irrational reason. And people who have a vested interest in alternative energy. Given the recent lack of major oil spills, the removal of lead and carcinogens from gasoline, and the near vanishing of any significant air pollution, the anti-oil crowd had to turn on the ONLY thing that oil use produces right now and that's CO2.
Think about it. If human produced CO2 proves NOT to be a problem, what environmental hammer is left to drub EXXON with? Given that the world is AWASH in oil (if we choose actually to drill for it, rather than let it sit under useless tundra), and given that the modern combustion engine has been made SO clean that it produces only carbon dioxide and water vapor, the alternative energy industry would vanish if were shown that CO2 is harmless.
As further proof that GW is about hating big oil, why the drive for electric cars? Charging them still produces C02, since most US electricity is generated by burning coal, which is, in some ways, dirtier than burning gasoline (and mining is more harmful than drilling). But no one has a beef with "big coal", only "big oil". Why?
What makes me most mad about the GW thing is how politicized science has become. Once science is full politicized, there will be no havens of rationality left in the world.
I think it would be great if we were to harness fusion or hydrogen fuel cell technology. Oil is good, but not ideal. But jumping over immediately to poorly developed, expensive and inefficient technologies that clearly lack the capacity to sustain our present energy use (like solar, wind, ect) based upon alarmist predictions is not warranted right now.