“The economy stagnates. Syria burns. Scandals lap at his feet. China and Russia mock him, even as a “29-year-old hacker” revealed his nation’s spy secrets to the world. [ … tens of thousands of jobs killed, entire states impoverished. This at a time of chronically and crushingly high unemployment, slow growth, jittery markets and deep economic uncertainty.] How does President Obama respond? With a grandiloquent speech on climate change.” – Charles Krauthammer
by Charles Krauthammer at IBD
It lies at the very bottom of a list of Americans’ concerns (last of 21 — Pew poll). Which means that Obama’s declaration of unilateral American war on global warming, whatever the cost — and it will be heavy — is either highly visionary or hopelessly solipsistic.
At the heart of Obama’s program are EPA regulations that will make it impossible to open any new coal plant and will systematically shut down existing plants.
This massive self-sacrifice might be worthwhile if it did actually stop global warming and save the planet. What makes the whole idea nuts is that it won’t. This massive self-inflicted economic wound will have no effect on climate change.
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