September 05, 2019

Climate questions for politicians (that no one seems to want to ask)

Dana Mathewson

Here's a thoughtful article aimed at the donkeys in the Clown Car who for some reason think they have the key to stopping all this runaway climate change. There are five questions. I'll post only the first, in hopes that it will whet your appetite to go to the article to read the others:

The Democrats running for their party’s presidential nomination are focusing more on climate change. Here are five questions reporters should ask to test whether the candidates’ climate policies deserve the support of the American people. In fact, these are questions that should be asked of all politicians who advocate climate policies, regardless of their party affiliation.

1. Would your climate policies trigger a recession? [emphasis in original]

With 10-year Treasury bond yields continuing to fall relative to two-year bond yields, and 30-year bond yields hitting an all-time low, many market analysts worry the economy is heading towards a recession.

However, a recent Bloomberg News article notes that consumer confidence in August hit an all-time high, and a major reason is low oil prices. As the story explains: "Few things get consumers to pull back like rising gasoline prices.”

Indeed, "every downturn since 1970 has been preceded by a doubling of oil prices the prior 12 months that has pressured consumer spending, which accounts for about two-thirds of the economy.”

Oil prices are low because the U.S. energy companies are producing at record levels. Climate policies such as the Green New Deal aim to ban offshore drilling, hydraulic fracturing, and fossil fuel exports and imports, plus "massively raise taxes” on oil industry investors.

Such policies would quickly bankrupt industries that keep consumer confidence high by keeping energy prices low.

What is the risk that the energy price shocks from your plan to suppress oil and gas production would push the economy into a recession?

Go here https://www.foxnews.com/opinion/marlo-lewis-climate-questions-for-democrats-that-no-one-seems-to-want-to-ask to read the rest.

In answer to the first question, quoted above, it's probably true that the Left does want to bankrupt the economy and drive President Trump from office. Remember that AOC's Svengali admitted that the Green New Deal was seen as an "economic thing," not a climate initiative. But if Trump wins the election in 2020, and especially if the Senate stays in GOP hands, I don't see any of this boondoggle getting any legs, so it's a moot point for the next few years at least.

Worst-case scenario: Trump loses. I don't see the Left winning the Senate, so there's still hope to block this stuff. Really worst-case: we lose the Senate too; it still will take a long time to implement all this alternate energy foo-fraw. Eminent domain cases to get sites to set up the turbines, which will still have to be built (900 tons of steel, 2,500 pounds of concrete, roads to service them, etc.)

This all will take over twelve years, and by then the world will have come to an end. Just ask Robert Francis "Bingo" (Beanbag? Bonkers? Bobblehead? Never can remember) O'Rourke, he's already said so.

I say we just refuse to pay our taxes (tell 'em former Sen. Harry Reid said it was optional, remember?), stock up on good whisky, wine, chips & dip with the money we'd save, kick back and party for those twelve years. And if the world doesn't end, we kick the donkeys in the butts and tell them to go away, we'll never vote for them again, ever. By then it'll be time to vote for President Sarah Sanders.

Just sayin'.

Posted by: Timothy Birdnow at 09:52 AM | No Comments | Add Comment
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