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.