Thursday, July 23, 2009

"Cap and Trade" - Other Countries Dump The Idea Just As Obama Embraces It

Obama and the heads of other countries love to make speeches about the evils of carbon-dioxide emissions, but the reality of limiting emissions on loss of jobs, higher taxes and higher costs have other nations scrambling to circumvent or dump their restrictions on carbon emissions. Perhaps the reality of global warming being dominated by other factors, such as solar flare activity and cosmic radiation variation as they impact cloud formation, is also behind the decisions of other nations but it is not politically correct yet to openly dispute the man-made global warming hoax. Meanwhile, Obama and the Democrats want to penalize this country with a "Cap and Trade" bill that can only drive manufacturing jobs overseas and increase the cost of: (a) heating/air conditioning, (b) gasoline and other fuels (and thus the cost of driving and transportation of goods), (c) food and (d) all manufactured goods.
While Obama is heading us in this direction , Australia and New Zealand have killed some of their carbon-emission control plans and are talking about dumping others, Germany is exempting much of its industry including steel and cement from the EU's restrictions, Italy has formulated its own clause for not complying with the EU guidelines, China (the world's largest emitter of greenhouse gases) refuses to agree to any severe restrictions that will hamper its industries and India (another major emitter), as well as other developing nations refuse to have their economic growth deterred by restrictions on emissions. It appears that Obama is trying to enter the arena while everyone else is stampeding out the exit.

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