The G-8 Economic Suicide Pact

IBD Editorials ^ | July 9, 2009

[Kaslin]

Climate Change: Channeling King Canute, G-8 leaders agree to wreck the world's economy, and ours, by pledging to prevent temperatures from rising more than 4 degrees by 2050. What if the Earth has other plans?

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Canute was the legendary king whose sycophantic followers praised his power and wisdom. He was The One of his time. He once stood on the shore and commanded the waves to halt. As the story goes, he was exercising his ego when in fact he was giving his followers a dose of reality — the power of man over nature is finite and inconsequential.

We were reminded of this as members of the G-8 met in Italy on Wednesday to agree in principle to cut their emissions of greenhouse gases by 80% by 2050. The aim is to hammer out a successor to the failed Kyoto Protocol that expires in 2012. In December, the U.N. is convening a meeting in Copenhagen to forge a binding consensus on reduction targets.

The announced goal, which President Obama has signed on to, is to keep the earth's average temperature from rising more than 2 degrees Celsius (or 3.6 degrees Fahrenheit). That should not be a problem. While the warm-mongers tout 1998 as a record warm year, no year since has been as warm as the earth has, in fact, cooled during an unusually quiet solar cycle.

Last August was the first month in nearly a century in which the sun was completely devoid of sunspots, an indicator of solar activity. While the earth's temperature charts nicely with the solar cycles over time, it correlates not at all with rising CO2 levels. In fact, the earth has been cooling even as these levels rise, and the earth is no warmer than it was in 1979.

[Kaslin]

Ping

[steelyourfaith]

 

Beam me to Planet Gore !

[Da Coyote]

Those affected by this will have other plans...when the effects start being obvious.

Stay tuned.

[stephenjohnbanker]

We are the only suckers who will destroy our economy. China, Russia, and India will do nothing.....except steal our businesses.

[EGPWS]

Did the Messiah state his deep concern to the rest of the world and apologize for our leadership in destroying the planet yet?

[taillightchaser]

Just another example of the zero tearing down our country piece by piece.
The guy is a commie. The sheeple better wake up pretty soon or it’s going to be too late!!!!

[EGPWS]

The announced goal, which President Obama has signed on to, is to keep the earth's average temperature from rising more than 2 degrees Celsius (or 3.6 degrees Fahrenheit). That should not be a problem.

Nope not a problem, it just takes massive wealth redistribution and the work of God to make it happen.

The latter being 100% effective to the 0% of the former.

[abclily]

Are they nuts? THEY will not allow temperatures to rise? This crap is getting beyond crazy!

[rbg81]

Its “climate change” now, don’t ya know...with the emphasis on CHANGE. So, as long as we have inevitable variations in our climate, they will push nonsense like Cap & Trade. Its just too good a source of revenue for little things like facts and reason to get in the way.

[DoughtyOne]

When they call this guy Zero, it's for good cause.  That's how much of the U.S. we remember will be left by the time he's done.


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[Presbyterian Reporter]

“””China and India quite sensibly are refusing to participate in this nonsense. “Without participation from China and India, anything we do here at home would impose burdensome costs on consumers in the form of higher electricity, gas and food prices, all for no climate gain,” says Oklahoma Sen. James Inhofe.”””

Though I did hear on Fox Business News this afternoon that China had agreed to a CO2 reduction by 2050.

Whoopee doo!!!!

In 40 years China will control the manufacturing of all products and the rest of the world will be servants to the Chinese.

How much more stupid can Obama and the Europeans get?

[353FMG]

“..pledging to prevent temperatures from rising more than 4 degrees by 2050.”

.
These G-8 clowns really think they can play God. I do hope He is not offended. What a pile of shit these people have become. Bunch of lawyers playing scientist and not being held accountable if the whole economy collapses because of their arrogant assumptions.

We, as the human race, do not deserve better for having elected them.

[xzins]

It’s always a win to agree to prevent something that isn’t going to happen.

We should also have a national goal to prevent a Martian takeover by 2050.

Then they’ll have achieved 2 goals.

Isn’t this fun and effective?

[REPANDPROUDOFIT]

ping

[REPANDPROUDOFIT]

ping

[Kaslin]

Yeah, I wonder how they’re gonna do that?

[PGalt]

It’s always a win to agree to prevent something that isn’t going to happen.

And WHEN it doesn't happen, they set themselves up as profits prophets for the draconian measures they implemented. It's the win/win continue to scam scam.

[Thunder90]

Russia is EXEMPT from the GW treaty...

[SunkenCiv]

While the warm-mongers tout 1998 as a record warm year, no year since has been as warm as the earth has, in fact, cooled during an unusually quiet solar cycle.

Advocacy of human-induced climate change needs to be reclassified as hate speech.