Oh, dear. As if the markets didn't have enough to worry about
with this guy.
According to Reuters:
U.S. oil and natural gas producing companies should not receive
federal subsidies in the form of tax breaks because their
businesses contribute to global warming, U.S. Treasury
Secretary Timothy Geithner told Congress on Wednesday.
I'm curious. Putting aside for the moment how this theory to
which he adheres -- or which he is peddling on behalf of an
administration positioning the panic as a necessary catastrophe
underwriting his social engineering programs with billions in new
taxes each year -- is premised entirely in computer models now
proven wrong by the past 15 years of observations... but, doesn't
"global warming" theory hold that everything causes
global warming? Cars, furnaces, appliances, roads, banking,
schools, hospitals, research, the military, congressional
junkets, embassies, shuttle diplomacy, motorcades,
orchid-hot enormous personal
residences, using a 747 for your personal travel to a getaway
in a new "Western White House" in nearby Hawaii, and so on?
So, our Treasury Secretary, the one man who could address the
financial system's woes, does have the detailed plan for
this bogeyman at least even if the real threats shaking
the system haven't quite been addressed. Don't worry about
those measels, Tommy; I know you don't see him, but the
Boogeyman is under the bed, where he'll stay ...
if you do what Nanny says.
But, how is the all-knowing State to choose the winners and
losers or, more aptly, the perpetrators, victims and --
in-between -- the enablers?
Someone recently said it best in a picket sign: Atlas
will shrug.
