California, Mr. Ponzi, er, Europe, is on Line 1... - The American Spectator | USA News and Politics
California, Mr. Ponzi, er, Europe, is on Line 1…
by

OpenEurope’s Daily Update today provides a helpful reminder about as timely as the juuust-post-election news seeping from the Fed:

Obama drops cap and trade for carbon emissions

Following the US mid-terms, AP reports that US President Barack Obama has dropped cap and trade plans to limit global warming gases, quoting him saying that “Cap-and-trade was just one way of skinning the cat; it was not the only way.” According to Europe Online-Magazine Rainer Bruederle, German Minister for Economy and Transport, has warned the EU that implementing new environmental goals without international cooperation will be harmful to economic growth. (emphasis added)

AP Telegraph Open Europe blog EuropeOnline-Magazine

Aww, and I had so been convinced by those claims that being the ‘leader’ at this faddish twist on central planning, something the rest of the world is smart enough to stand back from while encouraging you to do, would lead to untold riches! That was the pitch to block the failed Prop 23 in California. Cali, can you hear me (or him) now?

Don’t worry, we’ll make it up with the poll-tested switch to Plan B for ‘skinning that cat’, the ‘clean energy economy’ agenda, which translated means massively expensive temporary jobs called ‘green jobs’, which only exist so long as the half a million dollars per temporary job, or more, are then continuously taken from Peter and given to Paul (working out real well so far, California? Sorry, but…told you.). And we’ll make that up in volume, surely.

Obamanomics, ladies and gentlemen. And further evidence that California can not reasonably expect a federal bailout once the chickens of either cluelessly tone-deaf, unhinged or defiant gesture politics finally roost. Sure, we share a currency. But Uncle Sam will be too busy standing in line for the same thing.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!

Fourth of july sale

Join the Fight for Freedom

One Year for Only $47.99

The offer renews after one year at the regular price of $79.99.