Thin Air Meets Hot Air: Monetary Policy and Climate Policy Collapse Together by Floy Lilley

Beyond mere corruption, bamboozlement’s popularity is also waning. As crazy as it is to brand any carbon – the stuff of life – a "pollutant," think how crazy it is to create "money" out of carbon dioxide. But that’s what the current carbon markets have tried to do. They initially soared. Counting on monopoly position and privileged green-energy projects, managers and investors jumped onto the gravy train of carbon markets and cap-and-trade restrictions in a future ruled by men who would ration energy, deciding who dies and who thrives. But, Enron and Lehman Brothers have been casualties of this inflated carbon market now taking its deserved deep economic hits.

On top of the green carbon market tanking, all of those green energy projects which boast that they do not emit carbon dioxide are behaving just like other bubble-induced poor investments. Think housing boom. All have gone begging. Renewable projects expanded quickly because of subsidies and mandates, but have shriveled just as quickly in the economic realism that the projects were not financed by any savings, just thin air credit.

Guest Opinion: Global Warming Twenty Years Later | CO2sceptics

In June of 2008, Dr. Nicholas Drapela of the faculty of Oregon State University Chemistry Department expressed his outrage at Hansen and referred to him as “an apocalyptic prophet.”

“My dear colleague Professor Hansen, I believe, has finally gone off the deep end. When you have dedicated the bulk of your career to a cause, and it turns out the cause has been proven false, most people cannot bring themselves to admit the truth,” Drapela wrote on April 21, 2008. Drapela wrote that Hansen’s recent claims “contain neither reason nor truth when compared to the volumes of daily literature being published in scientific journals today on climate change. It is not difficult to refute the words of Professor Hansen. On the contrary, one feels it is almost unfair.” “The global warming ‘time bomb’, the ‘present, dangerous situation’, ‘the perfect storm’, ‘global cataclysm’, ‘disastrous climate changes that spiral dynamically out of humanity's control.’ These are the words of an apocalyptic prophet, not a rational scientist,” Drapela added.

"States Recruit Worried Californians"

The Wall Street Journal surveys the efforts by other states to recruit Golden Staters shocked by Arnold's and the state legislature's almost unimaginable indifference to basic economics. The size of the tax hikes being proposed by Sacramento's "leaders" will wipe out any relief being sent to individuals by the massive spending plan emerging from Congress, and the billions in direct relief to the state will just vanish into the vast crevice that is the state's budget.

As discussed on yesterday's show, the state has been pushing people towards the exits for a very long time. Colorado, Arizona and other attractive places to live won't find recruiting hard at all if the sacramento brain trust continues to torture its private sector.