Will global warming bubble tank the future middle class?

The US Report ^ | June 28, 2011 | Kay Day

[Crush]

Progressive presidents favor bubbles when it comes to the economy. President Bill Clinton did that with dot coms, and he turned affordable housing into one of the most powerful political weapons a president could wield.

By the time the housing bubble exploded, Clinton was long gone. Most had forgotten his passion-filled speeches aiming at a mortgage for every American. Even now many Americans don’t realize the housing bubble was built on the backs of the most vulnerable in society and the cost was passed on to taxpayers.

The next bubble progressives are shaping is based on global warming. Better to ask now than later: Will this bubble tank the future middle class?

Taxpayer money drives government bubbles
President Barack Obama and his fellow progressives push theories of manmade global warming, and current energy policy is built on those theories. From the Chicago Climate Exchange to financial products based on the concept that Planet Earth will die if carbon emissions aren’t limited, progressive government policy dictates the market.

Rising utility bills, increases in food prices, sharp increases in home energy systems—the cost of everything has risen. This is a deliberate shaping of the marketplace much like Franklin Delano Roosevelt’s big government policy that would’ve been an even bigger disaster for low income families had World War II not been necessary. WWII was the savior of FDR’s legacy.

Science by consensus: ‘deniers’ not welcome
Global warmists have built science by consensus with a large infusion of taxpayer dollars, and warmists do not take kindly to any opposing theory.

For instance as the Heartland Institute begins the annual Conference on Climate Change in Washington, the Center for American Progress will hold a conference call to deal with the “deniers.” This tactic parallels progressives’ defense of the...

[SuzyQue]

“Will this bubble tank the future middle class? “

Yes, at least for the near future. We had best start preparing the kids and grandkids for some seriously lowered expectations.

[Wuli]

“President Barack Obama and his fellow progressives push theories of manmade global warming, and current energy policy is built on those theories.”

You have it half right - the theory being used as the reason for the policies.

But the exact purpose of the policies is: how to create whole new classes of beneficiaries of government policies that will become whole new classes of election campaign contributors to the politicians that promote the policies. Once a political thug always a political thug.

[pallis]

The global warming bubble is a tribute to the foolishness of pop culture, pop science and social engineering by globalist pigs.

[USFRIENDINVICTORIA]

Start preparing yourself for seriously lowered expectations too. The kids and grand-kids won't be too happy paying a major part of their reduced income for pensions.

[SuzyQue]

Oh, you’re right about that. Us more mature types have experienced some of that, so we have an idea as to what to expect. Most kids don’t.