Is S&P Running Interference for the Right?

jasencomstock:

[…] Besides, Democrats could easily interpret (and should, vindictively) the warning from S&P as a call for higher taxation.

Precisely. S&P is commenting on the inability of said gubmint to actually do anything and most definitely not on the underlying capability of the United States economy to produce growth and/or sustain a marginally higher tax rate necessary to retire enough of the debt to keep the entirely mythical bond vigilantes at bay.

But, yeah, why does anyone alive care what S&P or Moody’s et al. says? Serious question. They may as well manufacture high quality buggy whips for all their relevance post-meltdown; there is no greater indictment of the lack of serious change to our financial system than this.

Is S&P Running Interference for the Right?

Confessions of a Climate Convert

Forget all the road to Damascus stuff in the piece, this is what I find important:

I’d argue that conservatives and libertarians should strongly support regulation to reduce carbon pollution, since pollution by one entity invariably infringes upon the rights of others (including property rights), and no entity has a constitutional right to pollute. It does not put America on the road to serfdom to suggest that the federal government has a compelling interest in protecting the country from ecological damage. If anything, it puts America on the road to common sense.

Exactly right. This is how Democrats should be messaging on this issue. It removes the ever-present and undeniable impulse in the MSM to punch the dirty fucking hippies whenever possible, the nigh irresistible impulse to note that it “snowed today,” and the much beloved “well, Al Gore sure is fat” gambit and frames the debate in terms even libertarians can understand.

Part Two of said strategy needs to incorporate the notion that even if we’re 100% wrong these measures will be good for the country and likely even of existential importance relative to our industrial and economic standing in the world. Getting off our oil addiction is, plain and simple, a good idea, no matter what you think the output carbon of our oil economy is doing. We’re going to be getting off of oil sooner or later, may as well start now and be the arbiter or at least one of the arbiters of the post-oil economy. Furthermore, if you want America “making things” again, the most likely and highest value target for said industry is in the post-oil transition. Not only can you sell such technology to the developed world, the whole of the developing world will be knocking at your door as well.
There is not enough reserve oil in American hands to measurably move the global market, even if we could extract it all tonight. There just isn’t. We wouldn’t even make an appreciable impact on our own rate of import were we to employ all of our oil; even that small but measurable impact would only last for a year or two. We may hold 1-2% of proven world reserves. Period. We cannot and will not ever produce our way off of foreign oil. It is simply not possible given current or projected usage. And, oh by the way, there isn’t enough global capacity either, though only the US military seems willing to admit it publicly.
The time to start dealing with both the implicit misconception (Drill baby drill!) and the overriding and much more important harsh reality is right now, not 20 years from now when our oil addiction and its impacts is both (still) utterly undeniable and but it is also too late to do anything about it.

Confessions of a Climate Convert