Celebrity Addiction 1 – Economic Sanity 0
So Michael Jackson succumbed to the demons within. The news junkies and celebrity addicts are now focused 24/7 on the demise of a musical genius who was defective in almost every other human category. So be it. At least he had talent, unlike Anna Nicole Smith whose death weirdly distracted so many for so long.
No matter who looks at the cap and trade bill (officially the Waxman-Markey Bill), they conclude that it will have a direct cost on taxpayers. What few in the media are talking about is how it will suppress our national GDP, creating even larger indirect costs for consumers. The Heritage Foundation puts the GDP hit at $161 billion or $1,870 per family. I’m guessing that most folks don’t care because the emission caps don’t get screwed down tight until 2020.
The other part of the cap and tax silent killer that isn’t being talked about is how other countries are backing away from it. It seems that scientists in these countries have stopped drinking the Al Gore climate change Kool-Aid. They have different views about the shaky scientific foundation on which the cap and tax frenzy is premised. Do you think they know something we don’t? They might but our “leaders” are too enthralled with their own mission to consider the possibility.
So back to the celebritainment. I wonder when the first Jackson sighting will be reported. Do you think he and Elvis will find each other?
Photo credit: cesarastudillo