Obama’s Inconvenient Cap & Trade

Here at Solid Principles, we acknowledge we are not experts in ‘Climate Change’, nor have we watched Al Gore’s ‘An Inconvenient Truth’.  While not wanting to enter the quagmire of ‘Climate Gate’ or Global Warming Deniers, we thought it was noting what our current President recent said about the subject.  During his campaigning Town Hall for Harry Reid in Nevada, Obama played the Al Gore card.

First of all, we just got five feet of snow in Washington and so everybody is like – a lot of the people who are opponents of climate change, they say, see, look at that, there’s all this snow on the ground, this doesn’t mean anything. I want to just be clear that the science of climate change doesn’t mean that every place is getting warmer; it means the planet as a whole is getting warmer. But what it may mean is, for example, Vancouver, which is supposed to be getting snow during the Olympics, suddenly is at 55 degrees, and Dallas suddenly is getting seven inches of snow.

The idea is, is that as the planet as a whole gets warmer, you start seeing changing weather patterns, and that creates more violent storm systems, more unpredictable weather. So any single place might end up being warmer; another place might end up being a little bit cooler; there might end up being more precipitation in the air, more monsoons, more hurricanes, more tornadoes, more drought in some places, floods in other places.

So I just – that’s one aspect of the science that I think everybody should understand. That’s point number one.

Point number two: The best way for us to unleash the free market – the best way for us to unleash the free market and capitalism and innovation and dynamism in the energy sector is for us to fully take into account all the costs that go into producing energy and using energy.

President Obama: Remarks Before Henderson Town Hall, NV 2-19-2010

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