Why Don’t We Just Cut China a Check?
Posted by Shannon Love on March 4th, 2009 (All posts by Shannon Love)
The really stupid thing about Obama’s carbon cap-and-trade system [h/t Instapundit] is that it will simply relocate more manufacturing to countries that don’t give a damn about global warming.
The growing economies of China, India, and other parts of the world still have people living the lives of preindustrial subsistence farmers. Right now, today, they have people in dire need of food, clothing, shelter, medical care, education, transportation and every other facet of modern life we take for granted. They don’t give a crap about hypothetical dangers that will hypothetically manifest a century from now.
Such areas will use dense, rich, reliable sources of energy like coal and nuclear to power their factories while we try to smelt iron with windmills. We will be poor and eventually powerless in the face of such competition. Worse, if global warming is a problem, it will happen anyway. Our sacrifices will simply mean we have fewer resources to deal with the problems posed by global warming.
Obama plans to shut down our carbon-emitting power sources today, decades before we bring their hypothetical replacements online. If the technology doesn’t work as predicted, where will we be then?
Obama’s plan will be a massive wealth transfer from America to China and India. We will simply be handing them our current and future economic productivity on a platter.
chicagoboyz.net
Daran Says:
March 5th, 2009 at 7:04 am Notice that this scheme will only go live in 2012. Maybe the UAW will support the Republican candidate that year (as if)? If a politician promises a ‘careful review’ whether additional credits need to be granted to critical industries the entire scheme will collapse.
So the true value of this proposal will be:
-blackmail industries in giving campaign donations to Democrats (just in time for 2012!) or suffer in their carbon grants,
-create another governement bureaucracy,
-pretend to be doing something Green,
-blame Republicans for hand-outs to assorted fat cats when the imaginary tax money fails to materialize and the deficit balloons even further. |
