Remember that moment when the Obamessiah won the Democratic presidential nomination and he stood up in St Paul, Minnesota, and declared "This was the moment when the rise of the oceans began to slow and our planet began to heal"? Remember that?
And after “fixing” the economy yesterday, Barack Obama is now going to “solve” global warming before he heads off for the weekend.
What a guy.
He’s going to reduce greenhouse gas emissions by eighty percent by the year 2050. Eighty percent!
How’s he going to do it? Simple. He’s going to strangle an already strangled economy. What could be simpler.
As the Cato Institute’s Jonathan Slemrod points out, even the US government’s EPA admits that Barack Obama’s cap-and-trade programme to fight the non-existent problem of global warming would hurt the US economy. Hurt it a lot. It will hurt producers, and it will hurt consumers. It will hurt savers and it will hurt borrowers. It will hurt everyone who buys electricity, or produces energy. It will hurt everyone.
Everyone except politicians. And rent-seekers. They will do well.
This is called “saving the planet.”
It’s not insanity. It’s not common sense. It’s just politics.