Tuesday, November 10, 2009
Fire This Clown
I've long been concerned that Doug Elmendorf has been a less than fair referee on health care reform, but what he said about global warming makes it clear that he's a clown unfit to fill Peter Orszag's shoes: "Most of the economy involves activities that are not likely to be directly affected by changes in climate." Check out this Truthout article for a more complete description of why this claim is bogus, but you don't really need much more than an elementary understanding of the anthropogenic global warming trend to know that it spells doom for the U.S. economy as well as ever other economy on the planet. I understand that Elmendorf is trained in the narrow thinking of short term cost-benefit analyses, but as Congress' accountant he should figure out a way to accurately express the economic conclusions of climate science or he should resign.