Global Warming Alert: Extreme Danger
The worse bill in the history of this nation is now before congress. It makes the Japanese American Internment bill look like a deliberative, well reasoned solution to a pressing, real problem. Unfortunately, as with most horrible legislation that finds its way to approval, the press has been complicit by silence and by mindless repetition of the talking points of their chosen favorites.
There are very good economic arguments against cap-and-trade. There are also obvious conflicts of interest involved that will lead to the worst imaginable fraud and corruption. This will cost the American economy Trillions and not accomplish much (even if there is anything that needs accomplishing).
Moreover, the debate regarding the existence of and causation of global warming is not over. It never started. The press along with political and business special interests declared it over.
The bill will hardly be debated, if at all, and will not be read in total by a single house representative. It is a monumental power grab. It will impose huge taxes that affect everyone. There is no real, pressing danger from global warming. If it exists at all, the manmade component is miniscule. The percentage of CO2 in the atmosphere is extremely small. Based upon their own estimates, cap-and-trade will not reduce CO2 by much.
Why does anyone even consider supporting this bill: because they are crooks or deluded fools. They complained about banks that destroyed billions of America’s wealth because of their greed and stupidity. Now large corporations are doing the same thing with cap-and-trade. What they have in common is that they act at the government’s behest to achieve political ends. When it falls apart, GE and other corporate followers better have a good exit strategy or they will go the way of Lehmann Brothers and GM.
Thursday, June 25, 2009
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