Some Truth in Copenhagen
David Kreutzer /
The global-warming economics coming out of Washington doesn’t match the global-warming economics of Copenhagen. For instance, according to Senator John Kerry (D-MA) cutting CO2 creates jobs and stimulates the economy. At least that’s what the press release describing his cap-and-tax legislation claims.
But in Copenhagen this view of economics gets turned on its head. In Copenhagen Senator Kerry talks about the need to pay other countries to adopt the CO2-limiting regulations that supposedly create jobs and stimulate an economy.
If the mandates, regulations, and energy taxes needed for carbon caps are so great for the economy, why do we need to promise hundreds of billions of dollars to other countries to get them to adopt the same?