Global citizen Barack Obama recently promised the world a bold new strategy for dealing with global warming. The plan can be summarized with one simple phrase: Wreck the Economy at the Worst Possible Time. Heritage's financial analysis shows:
...cumulative GDP losses for 2010 to 2029 approach $7 trillion. Single-year losses exceed $600 billion in 2029, more than $5,000 per house¬hold. Job losses are expected to exceed 800,000 in some years, and exceed at least 500,000 from 2015 through 2026.
Well, that should help pay off the country-killing deficit caused by the Obama Depression Budget.
The climate change scam was birthed by the United Nations. A bunch of bureaucrats, losers and scam-artists formed businesses designed to profit from the very recommendation they made: to start forcing countries to cap-and-trade carbon emissions using "credits" or "offsets".
The grift was originally called "The Kyoto Protocol". But the scam has since undergone a name change reminiscent of the re-branding global warming has undergone -- to "Climate Change" (which should fool the media because of phenomena known as "seasons"). It's now known as "The Bali Action Plan" and you can read it online.
It is called AD HOC WORKING GROUP ON LONG-TERM COOPERATIVE ACTION UNDER THE CONVENTION (Part 1 and Part 2, both in PDF format), dated 18 March 2009. It demands the following (emphases mine):
(a) An assessed contribution from developed country Parties as a percentage of gross national product or gross domestic product; (Taxes)
(b) An assessed contribution from all Parties, except LDCs, based on a predefined set of criteria, including GHG emissions, respective capacity and population; (More taxes)
(c) Auctioning of assigned amounts or emission allowances at the international and/or domestic level; (More taxes)
(d) A uniform global levy on CO2 emissions, with exemption for LDCs; (More taxes)
(e) Levies on emissions from international aviation and maritime transport; (More taxes)
(f) A tax on air travel; (More taxes)
(g) A share of proceeds from market-based mechanisms under the Kyoto Protocol. (More taxes)
(h) A global levy on international monetary transactions. (More taxes)
Gee, I detect a pattern.
Investors Business Daily calls the EPA's finding -- that carbon dioxide is toxic, and therefore should be regulated -- "The Anti-Stimulus."
Carbon dioxide, which comprises an infinitesimally tiny fraction of Earth's greenhouse gases, is no more dangerous than oxygen or water.
Regulation of carbon dioxide is a scam designed to accomplish two things: (a) increase the power of the state over the individual and (b) impoverish our society.
But it's not about economics with Enviro-Statists like Obama. It's about ideology.
Welcome to intellectual -- and actual -- bankruptcy.