Pearl Harbor Day
Pearl Harbor Day. December 7, 2009.
Permit me some hyperbole:
Today "President" Obama dealt a staggering blow to the U.S. economy: his administration formally declared that the gases "endanger the public health and welfare of the America people" empowering its Environment Protection Agency to regulate them across the country under the country's Clean Air Act, without having to get a hotly-contested climate bill through the US Congress. (Daily Telegraph).
What does this mean? It means an end run against Congress -- neither the House nor Senate have had any say about this. This is a naked power grab ... a 17% announced reduction on 2005 levels by the United States without any corresponding cut by any of our trading partners. Let's parse that: we will have to spend trillions of dollars to meet this goals which will be enforced by our very own climate Gestapo -- trillions that will be passed on the consumers in increased costs of American goods and services. The result MUST be that we increasingly buy goods and services from countries that do not have this burden. Nor, even if the AGW freaks are right (they are not), will this stop the Maldives from sinking beneath the waves as India and China already take over the mantel of the world's largest emitters of CO2 and other "greenhouse gases."
This represents financial and economic Armageddon for the United States. The medium term prognosis is now very poor for our country. Sell the dollar. Sell American assets. Until we can take control of the Congress and pass new laws to PREVENT economic suicide, we -- the United States -- are a "short."
December 7. A date that will live in infamy. Brought to you by the Democratic Party and bad science. Thanks!
End hyperbole. It remains to be seen how the EPA chose to screw this up: it could be spectacular or merely a whimper. But given Carol Browning's announced ambitions, we could see a whole new raft of regulations as early as next year. This is going to be expensive.
Permit me some hyperbole:
Today "President" Obama dealt a staggering blow to the U.S. economy: his administration formally declared that the gases "endanger the public health and welfare of the America people" empowering its Environment Protection Agency to regulate them across the country under the country's Clean Air Act, without having to get a hotly-contested climate bill through the US Congress. (Daily Telegraph).
What does this mean? It means an end run against Congress -- neither the House nor Senate have had any say about this. This is a naked power grab ... a 17% announced reduction on 2005 levels by the United States without any corresponding cut by any of our trading partners. Let's parse that: we will have to spend trillions of dollars to meet this goals which will be enforced by our very own climate Gestapo -- trillions that will be passed on the consumers in increased costs of American goods and services. The result MUST be that we increasingly buy goods and services from countries that do not have this burden. Nor, even if the AGW freaks are right (they are not), will this stop the Maldives from sinking beneath the waves as India and China already take over the mantel of the world's largest emitters of CO2 and other "greenhouse gases."
This represents financial and economic Armageddon for the United States. The medium term prognosis is now very poor for our country. Sell the dollar. Sell American assets. Until we can take control of the Congress and pass new laws to PREVENT economic suicide, we -- the United States -- are a "short."
December 7. A date that will live in infamy. Brought to you by the Democratic Party and bad science. Thanks!
End hyperbole. It remains to be seen how the EPA chose to screw this up: it could be spectacular or merely a whimper. But given Carol Browning's announced ambitions, we could see a whole new raft of regulations as early as next year. This is going to be expensive.
posted by Zaphod at Monday, December 07, 2009
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