As I already noted today, countries are refusing to buy into the cap and trade scheme because they know it will stunt their economic growth.
But the Obama administration not only buys into it, they are promoting that America should pay for other country’s, meaning China’s, carbon footprint also.
Commerce Secretary Gary Locke said that if America is going to benefit from China’s cheap manufacturing, then we ought to be paying for the carbon footprint created in the manufacturing process:
“It’s important that those who consume the products being made all around the world to the benefit of America — and it’s our own consumption activity that’s causing the emission of greenhouse gases, then quite frankly Americans need to pay for that,” Commerce Secretary Gary Locke told the American Chamber of Commerce in Shanghai.
The idea that rich-country consumers should pick up the tab for some of China’s industrial emissions has been gaining currency lately—but not from within the Obama administration. The argument is that many of China’s factories churn out cheap stuff for the West, not for domestic consumption, so those consumers are actually responsible for the emissions. China, of course, loves the idea.
I’ll bet they do. Gateway Pundit wonders if we should be paying for global healthcare too.
Just in the countries we “exploit” for cheap goods. Or owe a pile of money to.