What part of "free" in "free-market" does the Associated Press not understand?
The news wire's Glen Johnson is reporting today that Sen. John McCain (R-Ariz.) plans on unveiling a plan to combat global climate change "while adhering to free-market principles."
Johnson explains:
McCain's major solution is to implement a cap-and-trade program on carbon-fuel emissions, like a similar program in the Clean Air Act that was used to reduce sulfur dioxide emissions that triggered acid rain.
Industries would be given emission targets, and those coming in under their limit could sell their surplus polluting capacity to companies unable to meet their target.
A cap-and-trade programs would certainly be a market, but it would be an artificial one imposed on manufacturers by government fiat. The key word in free-market being of course, free.
It would be correct to call a voluntary cap-and-trade program created by industry groups outside the pressure of government regulation a "free-market" solution, but the component of force by government here only puts an Adam Smith happy face on a Karl Marx mandate.












How many times will The New York Times publish a disreputable reporter's work before it learns its lesson?
For years, NewsBusters has been telling readers how much better the foreign press are at covering both sides of the global warming debate.
On Monday’s CBS "Evening News" anchor Katie Couric hyped a new potential scandal for the Bush administration as she declared: "Meanwhile, on Capitol Hill, a report due out tomorrow raises some serious questions about one of the most influential government agencies, the Environmental Protection Agency...It even suggests political pressure may be putting the health of Americans at risk."
NBC's Matt Lauer appeared live from Buenos Aires, Argentina as part of the latest installment of the "Today" show's "Where In The World Is Matt Lauer?" ratings gimmick and he went out of his way to assuage viewers that NBC News was doing their part to stay "green" in his travels.
Friday's 20/20 aired a piece on liberal columnist Arianna Huffington in which ABC host John Stossel got to challenge Huffington's views on issues like welfare, OSHA regulations, and the "lunatic fringe" of the Republican party. When Stossel took her to task for living in a $7 million home that is "burning more carbon than 100 people in the Third World" even while she is part of the "war on global warming," Huffington responded: "There is no question that the fact that I'm living in a big house, I occasionally travel on private planes, all those things are a contradiction. I'm not setting myself up as some paragon who only goes around on a bicycle and lives by candlelight." (Transcript follows)
The hypocrisy surrounding the global warming positions of actors and rock stars is certainly not news, except when one of them actually admits it.
As part of its celebration of Earth Day, NBC's "Today" show invited on actor/environmentalist Ed Norton to promote his National Geographic special on PBS and the "Fight Club" star actually decried America's environmental progress compared to China as he charged the U.S. had to "catch up," to them in the area of banning plastic bags.
Today is Earth Day, and you don't have to look any further than the home pages of the top Internet companies to see it. Green is the politically correct color of choice for firms that want to score cheap environmental points online.
Want to talk about really inconvenient truths?
Do we all get free wooden shoes? Barack Obama didn't say. But he does have an Impossible Dream to cut poverty that would make Don Quixote proud. Put people to work . . . building windmills. His idea came in response to a question at last night's