No one from the ranks of The Church of the True Believers' wants to talk about how the Law of Unintended consequences will adversely affect our economy, and especially individuals, as a result of their totally wrong headed and obstinate approach to their "Scientific Consensus" on "Anthropogenic Global Warming".
Eric Peters discusses the disastrous impact that this religious cult will have on our domestic automobile industry.
Key points:
"For domestic automakers -- already reeling from the effects of exorbitant health care and pension "legacy costs" -- an EPA diktat that effectively outlaws the larger vehicles they specialize in (and which remain one of the few segments where they've been able to retain market share and make a profit) could be the straw that finally breaks the camel's back. The mainline Japanese automakers -- who specialize in smaller cars -- are much better positioned to absorb such a blow. If it seems like the early '70s all over again, you're not alone in so thinking. We (or at least our leaders in Congress) seem to have an instinct for national economic suicide when it comes to passing laws that cripple our own manufacturing base while giving huge artificial advantages to foreign competitors."
"Passing laws and issuing potentially strangling regulations on the basis of speculation -- especially when it is as politically charged as is the issue of human-caused global warming -- makes about as much sense as taking that homeless-looking guy with his "The End is Near" cardboard sign off the street and putting him in front of the controls of a 747 at 40,000 feet."
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