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Junk Science: Deere & Co., a major player in the U.S. Climate Action Partnership, drops out, saying the group's legislative strategy is no longer a foundation for moving forward. Is cap-and-trade dead?
The farm equipment giant was a major player in the Climate Action Partnership, a group of large firms that advocate cap-and-trade legislation and lead the drive for reductions of so-called greenhouse gases. In announcing its withdrawal, spokesman Ken Golden said: "We came to the conclusion that Deere had other opportunities to be involved in climate change initiatives."
In other words, Deere came to the conclusion that in being part of a coalition backing legislation such as Waxman-Markey, which has passed the House, and Kerry-Lieberman, which is going nowhere in the Senate at least for now, it was riding a dead horse.
We'd like to think the grand poo-bahs at Deere have wised up, recognizing that the junk science behind climate change has been exposed as the fraud it is, and that the economic consequences of cap-and-trade will be devastating to companies such as Deere and Caterpillar, another corporate giant that recently quit the group.
T.J. Rodgers, CEO of Cypress Semiconductor, isn't surprised. In an interview Thursday with Neil Cavuto on Fox News, Rodgers saw the move as part of a brewing corporate revolt against an overbearing government sucking the economic oxygen out of the room, tilting at windmills, imposing burdens such as the health care overhaul and environmental regulations but not providing the incentives or certainty that companies need to plan and survive.
"When we continue to put money into bad things, take money out of the productive sector, take money away from me to invest, take money away from families to spend on what they think is right, and dump it into these foolish government projects and blather about green jobs," Rodgers said, "you know eventually the overall economy is going to get less competitive and some sort of recession or some sort of problem is going to set in."
As a result, Rodgers continued, "I am not spending any money, I am not opening any plants and I am not hiring anybody, and corporate America is doing the same thing."
Hence, the jobless recovery. Corporate America can be accused of being greedy, but not stupid.
Taxes on energy or carbon will not boost the economy, nor will worrying about delta smelt or imposing drilling moratoriums in a nation starved for energy. Yet the administration scratches its collective head as to why business is not hiring as it declares carbon dioxide a pollutant and plots to regulate everything down to your lawn mower.
Politics: If there's one agency that's been made useless by its leaders, it's Immigration and Customs Enforcement. If, under a new policy, being here illegally is no longer reason enough for deportation, why does it still exist? The Obama administration has effectively declared open borders ...
War On Terror: A decade after the USS Cole bombing, the Obama administration has halted prosecution of the al-Qaida operative believed to have planned the attack. What an insult to the sailors who lost their lives. As the Cole's crew lined up for chow in the ship's galley during a refueling ...
Health Insurance: Forty percent of all individual policyholders in California will soon be stuck with higher premiums. They could shop around for a better deal, but government has severely limited their options. State regulators last week approved rate hikes for Anthem Blue Cross and Blue ...
The Consumer Financial Protection Agency is the new kid on the block, a stranger among many agencies regulating financial institutions. The new kid has an agreeable name, but may turn out to be a bothersome nanny or the school bully. The CFPA is the brainchild of Elizabeth Warren, Harvard law ...
Every person, newscaster and commentator always prefaces any, even the mildest criticism, of President Obama's policies with some statement about how dazzlingly brilliant the man is. Liberals, conservatives, independents â?? it never changes. Why is this? And most important of all, is it true? ...
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