As predicted, this global warming nonsense is spinning out of control, even as more and more scientists are questioning its dubious assertions. In Italy for the G8 Summit, Obama has taken to lecturing the poorer nations of the world to join in the effort to curb the effects of global warming, suggesting that there is no tension between such measures and economic growth.
"There is no contradiction between environmentally sustainable growth and robust economic growth," Obama said at the conclusion of a forum of the world's 17 major economies, which account for about 80 percent of emissions of heat-trapping gases blamed for global warming. "We can either shape our future or we can let events shape it for us."
This is patently absurd. The cap and trade bill, which passed the House a couple weeks ago, is a legislative wrecking ball aimed squarely at the most dynamic edifices of our economy. If it ever passes the Senate, heaven forbid, and is signed into law by the president, it will prove as painfully wrongheaded and disastrous as the stimulus packages are playing out to be right now. If poorer nations have any real desire to elevate their people from the abject misery and poverty to which they are subject to on a daily basis, they should encourage free enterprise and responsibility and tell the incompetent snobs at the G8 to cut the horsefeathers and mind their own business. Don't hold your breath though.
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