The squander system

None other than W.C. Fields himself could conjure up the much touted but very silly cap-and-trade market in carbon emissions; apply the consummate skill of the supreme huckster P.T. Barnum for the proper execution to bilk the economy.

If the Jews proposed this idea of selling air, there would be pogroms, special camps, tribunals, editorials decrying their attempts to destroy our businesses, our markets, economy and our children’s future. In some places, the “different” solution would be sought. We’re not that civilized, principally on the Left.

Since the loony left, comprised of the Marxists, Leninists, Eco-nazis, Gorbots, drooling idiots, walking azaleas and consensus “scientists, is selling air “for the children” it’s fine.

Which is garbage, especially now with the world’s economies in a pre-depression stage.

Now, of course, Europe has all sorts of excess capacity in energy production thanks to the economic downturn of the past few months. The cap-and-trade system essentially subsidizes non-production, and the energy producers have cashed in. Only now, those credits aren’t worth warm spit, because no one else is ready to start producing enough to worry about exceeding carbon caps. It’s a perfectly-formed system for failure; no one would part with the credits in boom times, and no one will buy them in a bust.
Part of this comes from the fact that the commodity being traded has no essential value anyway. It’s air, the ultimate vaporware product. There is no scarcity in carbon dioxide, and so markets for it will always be artificial and contrived. Glover’s criticism about the amount of credits is akin to rearranging deck chairs on the Titanic. The problem isn’t the credits, but the falsity of the entire operation.

Enter America’s Jester BHO, who will slap on the cap-and –trade parade. This ought to finish what life there is in manufacturing in the US. He did say during the campaign season that he wanted to bankrupt the coal companies.

I don’t know about you, but when someone tells me they are going to do something, I believe them, particularly when their background is not sympathetic to this country’s political and economic system.

Archived in: Barack Obama, Cap & Trade, Enviro-Nazis, Moonbats