I told you yesterday President Obama was going to address climate change. Even though only the Weather Channel found the speech worthy of airing in its entirety, here is the Wall Street Journal’s review and outlook of the President’s war on fossil fuels:
President Obama’s climate speech on Tuesday was grandiose even for him, but its surreal nature was its particular hallmark. Some 12 million Americans still can’t find work, real wages have fallen for five years, three-fourths of Americans now live paycheck to check, and the economy continues to plod along four years into a quasi-recovery. But there was the President in tony Georgetown, threatening more energy taxes and mandates that will ensure fewer jobs, still lower incomes and slower growth.
Mr. Obama’s “climate action plan” adds up to one of the most extensive reorganizations of the U.S. economy since the 1930s, imposed through administrative fiat and raw executive power…
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