10-14-2009, 08:21 PM #1
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- Jan 2008
Editorial: Plenty of change coming about, albeit unexpectedly
By CHUCK GREEN
Published: Wednesday, October 14, 2009 12:26 PM MDT
Have you noticed that change is starting to occur under the Obama administration?
Here are three examples:
• Global warming is starting to reverse itself. That’s right, the Earth seems to be cooling, adding skepticism to doubt that the whole global-warming scare was a fraud perpetrated by Al Gore.
Even the left-leaning British Broadcasting Corporation, a willing cheerleader in the global warming game, has begun to question the trendy global warming propaganda.
“What happened to global warming?” it asked in a report by its climate correspondent — a job title that didn’t even exist before Al Gore’s campaign.
For the last 11 years, the BBC report says, there has been no warming of the planet.
During that same time, man-made carbon dioxide has continued to rise, contradicting the theory that man’s effect on the environment is a significant cause of global warming. Instead, scientists are saying, the temperature of the Earth is most affected by solar energy, and the Sun is in a natural cooling cycle regarding its effect on our planet.
If true, the whole debate — and public policy changes — over global warming needs to proceed with great caution. At the very least, American policies like the “cap and trade” proposal needs to be put on hold.
Climate change might be occurring, all right, but it might have nothing to do with the “cash for clunkers” program or any other liberal public-policy solution.
Before we dramatically alter our economy further, there’s plenty of evidence that the global-warming fad is based more on stardust than science.
• The American economy is starting to recover, by nearly all accounts, with less than 15 percent of the Obama recovery money having been invested so far. It’s possible, and some say likely, that the so-called stimulus package has had little to do with the turn-around.
Maybe it’s time to cancel the remaining 85 percent — or at least re-direct it.
With the major stock-market index inching its way toward the 10,000 mark — up sharply from the 6,000 level of just nine months ago, natural economic forces seem to be having more influence than the stimulus package.
A decrease in consumer debt and an increase in consumer confidence have been cited as major factors in the economic improvement, and neither of those ingredients were directly affected by anything in the stimulus plan.
Change does seem to be occurring, but it may have little to do with the stimulus — since so little of it has been spent any way.
It might be best to cancel the rest of the program, and further stimulate the economy by avoiding the debt burden imposed by more government spending.
• Prospects for health care reform seem to be changing too, but not to the liking of its architects in the White House and Congress.
A fragile alliance between the White House and the leading health-insurance lobby was shattered this week, on the eve of an important vote in Congress.
The insurance industry released an analysis by PricewaterhouseCoopers that shows private insurance premiums would increase at a higher and faster rate than previously thought if a bill before a Senate committee is passed this week.
The Obama administration lambasted the report as an 11th-hour hatchet job.
It’s difficult to fault the insurance industry for launching an 11th-hour analysis, however, since the entire bill was completed and made public at the 11th hour. How can a credible analysis be conducted on a highly complicated, unfinished piece of legislation?
The analysis shows that the annual premium for the average household, which is now $12,300, would jump to $17,200 by 2013 if the Senate version of health care reform is passed. That’s about $2,000 a year higher than previously estimated.
The report also concludes that federal taxes on private “Cadillac” plans would amount to about $8,000 a year for individuals and $21,000 for families.
All in all, there was plenty of “change” in the air over Washington this week. It just wasn't the kind of change some people expected.
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