In the News

by William Yeatman on May 11, 2009

in Blog

On Guns and Climate, Elites Are Out of Touch
Michael Barone,, 11 May 2009

Many years ago, political scientists came up with a theory that elites lead public opinion. And on some issues, they clearly do. But on some issues, they don’t. Two examples of the latter phenomenon are conspicuous at a time when Barack Obama enjoys the approval of more than 60 percent of Americans and Democrats have won thumping majorities in two elections in a row. One is global warming. The other is gun control. On both issues, the elites of academe, the media and big business have been solidly on one side for years. But on both, the American public has been moving in the other direction.

Climate Controls Too Costly Down Under
Wall Street Journal, 11 May 2009

It’s turning out that the biggest problem with carbon taxes is political reality. Australian Prime Minister Kevin Rudd has just announced he will delay implementing his trademark cap-and-trade emissions trading proposal until at least 2011. Mr. Rudd’s March proposal would have imposed total carbon permit costs (taxes) of 11.5 billion Australian dollars (US$8.5 billion) in the first two years, starting in 2010. This would have increased consumer prices by about 1.1% and shaved 0.1% off annual GDP growth until at least 2050, according to Australia’s Treasury. Support has fallen among business groups and individuals who earlier professed enthusiasm for Aussie cap and trade. Green gains were negligible; Australia accounts for only 1.5% of global greenhouse gas emissions.

Spin Doctors Try To Rescue Energy Rationing Bill
Peter Nicholas & Jim Tankersley, Los Angeles Times, 11 May 2009

In the debate over his top environmental goals, President Obama is backing away from “cap and trade.”

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