President elect Barack Obama used his speech at a Los Angeles summit last night to reinvigorate a push for the revival of a frightening proposal to slash carbon emissions by 80 per cent, a move that would inflict a new Great Depression, cost millions of jobs, and sink America to near third world status.
President elect sets out on agenda to revive frightening Lieberman/Warner legislation.
“My presidency will mark a new chapter in America’s leadership on climate change,” Obama said in a video message to governors and others attending a Los Angeles summit on the issue.
“In the roughly four-minute message, Obama reiterated his support for a cap-and-trade system approach to cutting green house gases. He would establish annual targets to reduce emissions to their 1990 levels by 2020 and reduce them another 80 percent by 2050,” reports the Associated Press.
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"OBAMA Could inflict a NEW GREAT DEPRESSION with NEW TAX"
ReplyDeleteOr stimulate the economy by kickstarting green energy projects and infrastructure. Positioning the US as a leader in green tech and reviving domestic manufacturing.
It's all in how you spin.
You could liken this to what the second world war did for the depressed economy. It was expensive, but jobs were created.
Wow.
ReplyDeleteYou are a case study in knee-jerk economics. Good luck, you will need it.
The only green project I support is the return of the Greenback.
ReplyDelete