Politicians Start to Run Away from Global Warming

by Martin Armstrong, Armstrong Economics:

Politicians have been confronted with the real cost of their support for global warming. France has suddenly come out in support of diesel because of the jobs that could be lost. The diesel crisis may have started in Germany, but there are more diesel car owners in Europe as a whole.

Suddenly, when confronted with the loss of jobs, the politicians are turning against global warming and revealing that the scientists have been WRONG! Indeed, the politicians were eager to jump on the global warming theory because they have been able to raise taxes without providing a corresponding cost. The estimated cost to the private sector for global warming has reached about $1 trillion globally. The price of everything from electricity to gasoline has risen due to global warming taxes. Not to mention, it is driving the cost of meat and dairy products higher with claims that cows, the second-leading culprit behind cars, produce damaging gas to the environment. Look at the taxes on air travel. On average, 50% of the price goes toward taxes.

We are starting to now see more and more articles in the major press exposing that global warming is a fraud (see SunIndependentAustralianNational Geographic).

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