The earth is burning! The earth is burning, cried Chicken Little Gore. Carbon dioxide is to blame he says and we all must either stop exhaling or pay to rid the planet of this nasty greenhouse gas. Interestingly of the 4 or 5 major gasses commonly listed as making up the atmosphere, carbon dioxide is the least while nitrogen happens to be the most plentiful.

This politician turned scientific “guru” tells us that carbon dioxide is the most important and dangerous atmospheric gas and that we need to stop emitting or we will perish. Worse than that, a group of jackals known as the US congress and the recently installed president have seized on this idea as a way to completely kill any industry that emits carbon dioxide. Now that’s a fine approach to a down turn. It has been reported that the industry that emits the most C02 is the farming industry. We better be prepared to pay what Obama does ($100/lb) for our beef.

The CAP and trade works this way; a company that moves lots of paper, such as an insurance company or perhaps a bank, can sell carbon credits to that nasty dirty factory belching C02 down the street. This way, that nasty factory is penalized for their transgression. Oh and by the way, this is the filthy factory that the bank and insurers provide with loans and insurance protection. Are you beginning to see the irony here? This is just a way for the banking and insurance industries, when fully government controlled, to send all of this CAP and trade money back to their new owner so those that need are taken care of. Meanwhile the new administration has just thrown a wrench in the spokes of the recovery engine.

Now the fly in this ointment is who in their right mind would continue to manufacture anything here in the USA when we would be the only country in the world enforcing such a stiff penalty on manufacturers (and farmers for that matter)? All the increased costs would either have to be passed to the market or the factories would have to shut down. Either way, the lower and middle working classes, you know the working people Obama promised to protect, are ruined. They either pay more for what they buy or they stand in bread lines.  Are we stupid enough to establish such a flawed program?  Schemes like this have been tried before and they don’t work. Unfortunately the answer here may be yes perhaps we (our elected officials) are that stupid. The reason may be as simple as this – there are those elected officials in DC, including the president, who believe it is their destiny to write legislation that will save the planet one carbon credit at a time. This very legislation is brought to you by the people who’s penchant for  “feel good” legislation created the biggest banking disaster the world has ever seen. Need I say more.

Now, as they switch their attention to the scientific realm, they are attacking a problem so complex that no computer model to date, as sophisticated as they are, comes close to accurately supporting Gore’s ridiculous claims.  We can’t even get the 3 day weather forecast and Gore is projecting long term, destructive, climate fluctuations. Its absurd. The premise used to bring us to this precipice is fantasy, OK flawed at best. From a half baked slide show which includes a series of doctored pictures and graphs we end up on the eve of our elected officials voting for CAP and trade. Manufacturing here in the USA, once drivers of  a flourishing economy, are now seriously wounded. As with the Alamo, these manufacturers will make a last stand but with the government wishing them dead the outcome is clear to predict. As the saying on the left goes, save the planet kill industry. CAP and trade is just one more cobble stone in the road to US ruin.