By
Lawrence Kudlow, Special to the Sun |
June 1, 2021 @ New York Sun
President Biden's new executive order on climate change would basically let the government do virtually anything in any part of the economy or the financial markets, or labor markets, or agriculture -- or anything -- in the name of mitigating risk climate changes. I haven't read the full Executive Order yet, but you just have to trust me on this. It has a two-page fact sheet, and that alone makes it clear that the Executive Order is a thing to behold. I recommend everyone read this thing. It will take two or three minutes.
It has all the far-left Green New Deal climate change features that will destroy fossil fuels and capitalism, destroy jobs and the economy. It’s all in there. Everything a lefty greenie could possibly hope for. They’ll sleep with smiles on their faces.
The things the executive order will regulate and control add up to really the whole economy, all in the name of global warming. Massive and unprecedented central power would come from the District of Columbia and be exercised by upper- and middle-level bureaucrats.
It would unleash government regulation and meddling unseen since FDR signed the National Industrial Recovery Act. Under that law the government went after all kinds of businesses, even mom and pop businesses, to try to make them more efficient.
Mr. Biden’s order starts with the claim that “intensifying impacts of climate change present physical risk to assets, publicly traded securities, private investments, and companies — such as increased extreme weather risk leading to supply chain disruptions.”
On such a basis, the Bidenites are claiming the power to regulate just about everything. Even your signing a loan for a new home, or how your savings and retirement funds are managed. Here’s one that’s especially fun: It aims to “reduce the risk of climate change to the federal budget.”.....To Read More @ New York Sun
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