Argentinization of The United States

This week the world is meeting in Copenhagen, Denmark, to discuss global warming–now referred to as „climate change” because in fact the world has been cooling slightly the past few years.  This meeting is a follow-up to the failed Kyoto Treaty, which has been largely ignored and/or violated.  Carbon emissions since Kyoto are up in most countries, in some cases slightly, in others quite a lot.  In the United States, which never ratified Kyoto, carbon emissions are actually down slightly. 
 
In any case, a number of developments have cast a shadow upon Copenhagen.  In the first place the email exchanges among climate scientists in a major research facility demonstrated a pattern of attacking and vilifying other scientists who disagreed with the conventional wisdom as well as efforts to falsify or hide data which did not support their point of view.  This scandal has rocked the scientific world and cast doubt on the entire question.  Secondly, it is becoming more obvious that part of the reason for whatever warming may be taking place may be partially due to the fact that sunspots recently have almost disappeared.  Since sunspots are cooler than the rest of the sun’s surface, the more spots the cooler the weather on earth, and vice-versa.  A greater or lesser number of sunspots is a cyclical phenomenon about which mankind can do nothing.
 
No binding agreements of any kind will come out of Copenhagen, but supposedly the premises for such a binding agreement will be agreed-upon and result in an agreement at another meeting next year.  In the meantime, however, the Obama administration in the United States continues to act on this matter in a highly questionable manner as it already has on many other issues in the course of the year, including forcing violation of private agreements, using taxpayer funds and borrowed funds to purchase participations in private companies with no specific Congressional or constitutional authorization.  Now the Environmental Protection Agency has issued regulations restricting carbon emissions with no Congressional authorization.  In other words, the administration is issuing decrees because it can’t get laws passed.  Some call all of these activities as well as the huge increase in government spending and deficits, the „Argentinization of The United States”.


Tagi


Artykuły powiązane

Tydzień w gospodarce

Kategoria: Trendy gospodarcze
Przegląd wydarzeń gospodarczych ubiegłego tygodnia (30.05–03.06.2022) – źródło: dignitynews.eu
Tydzień w gospodarce