in the middle of the night

… is the shadow of our coming economic decline.

U.S. Climate Envoy Warns Against High-Carbon Investments

The Financial Times (4/8/09, A1, Harvey) recently reported,

“Businesses must not sink money into high-carbon infrastructure unless they are willing to lose their investments within a few years, the US lead negotiator on climate change has warned. In the Obama administration’s starkest rebuke yet to industry over global warming, Todd Stern, special envoy for climate change at the state department, said ‘high-carbon goods and services will become untenable’ as the world negotiates a new agreement to cut carbon emissions.” The Times quotes Stern as saying, “How good will the business judgment of companies that make high-carbon choices now look in five, 10, 20 years, when it becomes clear that heavily polluting infrastructure has become deadly and must be phased out before the end of its useful life?”

President Obama’s recent remarks (the well off will still be well off after I increase their taxes) continue to confirm the strange belief of the Democrats that American business is their perpetual money tree.

Do they think the money to fund their dreams (and our nightmares) is endless?

Apparently so.