Wednesday, February 14, 2007

The Biggest Market Failure the World Has Ever Seen

Has anybody shown the blowhard whose yapping maw personally contributes more to global gas than any 5 continents of carbon-emitting fuel use to date (that would be Rush Blowhard)?
"The Biggest Market Failure the World Has Ever Seen": "Sir Nicholas Stern’s report, the Stern Review of the Economics of Climate Change, broke new ground by making the best possible estimate of two critical costs:

What will it cost to deal with climate change now?

What will it cost if we do NOT deal with climate change now?

The Stern Review concluded that the cost to the world economy for dealing with climate change now would be 1% of the global domestic product.

But the cost of NOT dealing with climate change now was considerably higher, at least 5%, and perhaps as high as 20% of the global domestic product."
Oh yeah, you're right. It's not that Rush Blowhard doesn't get global heating, it's that he's a willing proponent investing in it!