Go to PDF Version | Go to Recent Issues
To save time in the future, you may select one of the preferences below. You may update your eIBD preferences at any time by going into My IBD and selecting Update Your eIBD Preferences.
Set Web-Based Version as Default Set PDF Version as Default Set Recent Issues as Default
Get QuoteSearch Site
Daily Graphs Online
Economy: The 16,000 delegates to the two-week-long orgy of self-flagellation known as the Copenhagen Climate Conference want to shrink global output of CO2 not because of hard science, but out of envy.
Even as Climate-gate suggests that sham science lies behind global warming, delegates are swarming into the Scandinavian city to push for steep cuts in carbon dioxide output by industrialized nations.
We'll let others comment on the hypocrisy of those who, while trying to force the rest of us into an ever-smaller carbon footprint, will employ more than 1,200 limousines and 140 private jets while producing 880 pounds of CO2 per attendee at their conference.
Or the even-worse hypocrisy of Rajendra Pachauri, the U.N.'s global warming guru, who in one 19-month period flew 443,243 miles — including trips to have dinner at Washington's Brookings Institution and one memorable overnighter to attend a cricket match — but now wants the rest of us to be forced into a "carbon allowance."
What goes little commented on, however, is the reason for the vehemence of these calls for CO2 sacrifice on the part of the U.S.: a desire to take our economy down.
Having decisively lost the great debate between capitalism and socialism, the only way the global warming socialists can do this is by imposing restrictions on U.S. output in response to the ginned-up "emergency" of global warming.
The dynamics of this can be readily seen in the chart (above right). It shows that, contrary to what you might have heard, America's share of the world economy has remained remarkably stable over 40 years. The same can't be said for the European Union's.
As recently as 2000, in its Lisbon Declaration, the EU asserted it would "leapfrog" the U.S. in productivity and output by 2010. By the time of its midterm review in 2005, however, the chest-thumping was over. It was clear the EU wasn't "leapfrogging" the U.S. — or even staying up with it. Instead, its share of world output was falling at an even faster rate.
From about 36% of world GDP in 1969, the EU today accounts for roughly 27% of the world's $47.9 trillion in output. That's just a tad higher than the U.S., though the EU has 80 million more people.
In just a few years, it will be eclipsed by Asia as a world economic power — thanks mainly to the booming economies of China and India. The U.S. will remain No. 1 or No. 2 for decades to come, based on just about any forecast you choose.
The nation was stunned by the senseless and savage cold-blooded murders of four young police officers in Lakewood, Wash., over the Thanksgiving holiday weekend. Whenever a police officer or soldier is killed, the loss is even more profound, for they are the ones who stand between our way of life ...
California: While Gov. Arnold Schwarzenegger worries about rising seas, his state sinks below the waves. Don't mess with Texas, they say. But California and the nation could follow its lead. Last Wednesday, Gov. Schwarzenegger released a new report based on research compiled by the ...
GWOT: The arrest of a Danish cartoon terror plotter for an even more lethal role in 2008's Mumbai terror attack reminds us the war on terror is global. So why is this being treated as a mere law-enforcement matter? David Copeland Headley, 49, a Pakistani-American resident of the north side ...
Health Reform: Republicans and anti-statist Democrats only spread confusion when they offer amendments to the plan to wreck America's health system. What's needed, plain and simple, is opposition. When a president elected only a year ago takes his political capital to Capitol Hill to pitch ...
Regulation: The Environmental Protection Agency has declared carbon dioxide, a gas necessary for life on Earth, to be a health hazard that has to be managed. What follows will be a useless bureaucratic exercise. The announcement was made by EPA Administrator Lisa Jackson — the same ...
Posted By: mocrack(10) on 12/8/2009 | 3:25 AM ET
are u guys for real? Read the article again and note the serious slant of the verbiage. Global arming is being proven every day to a very real threat. Barak is not making this stuff up dumb***s! Would you sacrifice a little economy to save our plante??? I think ur from the state of DeNile
Posted By: OBSERVER U.K(165) on 12/8/2009 | 1:30 AM ET
When all these GREENS have had their talks and put forward all of their money grabbing ideas, then gone home to congratulate themselves, and having made a massive footprint in going to this conference, those of us still in the real world who realise the money making fraud that it is can look forward to the day WE are proven to be right in the fact that this living planet is just going through its fases as in it has done for eons.
Posted By: TruthSpeaker(55) on 12/8/2009 | 12:10 AM ET
We must retake the political initiative and begin dismantling the totalitarian systems being created under Obama and Soros.
Posted By: DOLPHINS440(155) on 12/7/2009 | 10:54 PM ET
I think this op-ed writer hit the nail right on the head! This global warming scaremongering is just that. Fear conjured up to force the U.S. into these Draconian new rules. These hypocrites attending the conference can go back to the Stone Ages if they want. For the rest of us, let practice peaceful dissent-- peacefully disobey any new tax or regulation imposed on U.S. citizens that try to restrict our lifestyle. Who's with me??
Posted By: Satre(135) on 12/7/2009 | 10:38 PM ET
Realdeal you show the insensitivity to fact that marks the fatuitous left and is gradually moving us to second rate status. Your answer to whatever dosen't confirm your own view is rejection and withdrawal?
To participate in Community areas, please Sign In or Register
Register
Diversifying can cut off risk. But too much can cut off profit.
Get QuoteSearch Site
Read Full Article »