Thursday, February 4, 2010

The Global Warming Battle Is not Over

Proponents of sound science and economic growth certainly have many reasons to be happy. The global-warming crowd has been exposed as a bunch of fraudsters, the Copenhagen "climate change" summit collapsed in failure, and there now appears to be no chance that the US Senate will pass legislation to cripple the American economy. But while we are winning the battles, the war is far from over. As Walter Williams warns, there are many special interest groups who have invested money in the scam and they will not give up:

Mounting evidence of scientific fraud might make little difference in terms of the response to manmade global warming hysteria. Why? Vested economic and political interests have emerged where trillions of dollars and social control are at stake. Therefore, many people who recognize the scientific fraud underlying global warming claims are likely to defend it anyway. Automobile companies have invested billions in research and investment in producing "green cars." General Electric and Phillips have spent millions lobbying Congress to outlaw incandescent bulbs so that they can force us to buy costly compact fluorescent light bulbs (CFL). Farmers and ethanol manufacturers have gotten Congress to enact laws mandating greater use of their product, not to mention massive subsidies. ...Then there's Chicago Climate Futures Exchange that plans to trade in billions of dollars of greenhouse gas emission allowances. Corporate America and labor unions, as well as their international counterparts have a huge multi-trillion dollar financial stake in the perpetuation of the global warming fraud. Federal, state and local agencies have spent billions of dollars and created millions of jobs to deal with one aspect or another of global warming.

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