Among the great virtues of free markets is their ability to adapt and adjust quickly to changing environments and customer demands. By contrast, change necessarily comes slowly in government, especially when bureaucratic policy and turf are involved. A disturbing illustration of this reality is unfolding on the global warming issue. Evidence is steadily mounting that the United Nation’s Intergovernmental Panel on Climate Change report is fundamentally flawed because of political and ideological bias and manipulation of data. Concerns about those problems are among the reasons the campaign to pass a cap-and-trade bill in Congress has slowed.
Meanwhile, Environmental Protection Agency Administrator Lisa Jackson continues hell-bent to regulate every nook and cranny of the U.S. economy that depends on carbon-based energy, which is to say pretty much all of it. Jackson is embarked on a breathtaking power grab that needs the U.N. IPCC report for its justification.
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