We're dealing with a complex system here, which is roughly in balance.
Increasing or decreasing the input is bound to have some effect (just as increasing or decreasing the output is.)
http://www.nasa.gov/topics/solarsystem/features/solar_minimum09.html How Low Can It Go? Sun Plunges into the Quietest Solar Minimum in a Century
04.01.09
The sunspot cycle is behaving a little like the stock market. Just when you think it has hit bottom, it goes even lower.
2008 was a bear. There were no sunspots observed on 266 of the year's 366 days (73 percent). To find a year with more blank suns, you have to go all the way back to 1913, which had 311 spotless days. Prompted by these numbers, some observers suggested that the solar cycle had hit bottom in 2008.
Maybe not. Sunspot counts for 2009 have dropped even lower. As of March 31st, there were no sunspots on 78 of the year's 90 days (87 percent).
It adds up to one inescapable conclusion: "We're experiencing a very deep solar minimum," says solar physicist Dean Pesnell of NASA’s Goddard Space Flight Center in Greenbelt, Md.
…
Deep calm was fairly common a hundred years ago. The solar minima of 1901 and 1913, for instance, were even longer than what we're experiencing now. To match those minima in depth and longevity, the current minimum will have to last at least another year.
In a way, the calm is exciting, says Pesnell. "For the first time in history, we're getting to observe a deep solar minimum." A fleet of spacecraft — including the Solar and Heliospheric Observatory (SOHO), the twin probes of the Solar Terrestrial Relations Observatory (STEREO), and several other satellites — are all studying the sun and its effects on Earth. Using technology that didn't exist 100 years ago, scientists are measuring solar winds, cosmic rays, irradiance and magnetic fields and finding that solar minimum is much more interesting than anyone expected.
…
http://www.nasa.gov/topics/earth/features/glory_irradiance.html New Sun-Watching Instrument to Monitor Sunlight Fluctuations
03.23.09
During the Maunder Minimum, a period of diminished solar activity between 1645 and 1715, sunspots were rare on the face of the sun, sometimes disappearing entirely for months to years. At the same time, Earth experienced a bitter cold period known as the "Little Ice Age."
Were the events connected? Scientists cannot say for sure, but it's quite likely. Slowdowns in solar activity -- evidenced by reductions in sunspot numbers -- are known to coincide with decreases in the amount of energy discharged by the sun. During the Little Ice Age, though, few would have thought to track total solar irradiance (TSI), the amount of solar energy striking Earth's upper atmosphere. In fact, the scientific instrument needed to make such measurements -- a spaceborne radiometer -- was still three centuries into the future.
Modern scientists have several tools for studying TSI. Since the 1970s, scientists have relied upon a collection of radiometers on American and European spacecraft to keep a close eye on solar fluctuations from above the atmosphere, which intercepts much of the sun's radiation. When NASA launches the Glory satellite this fall (no earlier than October 2009), researchers will have a more accurate instrument for measuring TSI than they've ever had before.
…
After examining the historical TSI database, some scientists have suggested that solar irradiance could account for as much as a quarter of recent global warming. But without a continuous and reliable TSI record, Kopp and Lean point out, there will always be room for skeptics to blame global warming entirely on the sun, even when most evidence suggests human activities are the key influence on modern climate changes.
Beyond that, there's a big "what if" percolating through the scientific community. The 0.1 percent variation in solar irradiance is certainly too subtle to explain all of the recent warming. "But, what if -- as many assume -- much longer solar cycles are also at work?" said Lean. In that case, it's not impossible that long-term patterns -- proceeding over hundreds or thousands of years -- could cause more severe swings in TSI.
Could a modern day Maunder Minimum offset the warming influence of greenhouse gases or even throw us back into another little ice age? "It's extremely unlikely," said Lean, "but we won't know for sure unless we keep up and perfect our measurements."