"We don't believe it makes sense to significantly subsidize the production and use of sources of energy (like oil and gas) that are dramatically going to add to our climate change (problem). We don't think that's good economic policy and we think changing those incentives is good for the country," Geithner told the Senate Finance Committee at a hearing on the White House's proposed budget for the 2010 spending year.
First of all, you'll hear no objections from me to end corporate tax breaks/welfare, but give me a break. Global Warming is beginning to look like the WMD of tax policy, energy policy, and anything tangentially related to the Dems' plans.
If they're all going to start carrying on like climate experts, shouldn't we start holding them to the same scientific standards that GOP politicios are held on issues like stem cells or evolution? Does Geithner really think the world is in serious imminent danger from Death By Climate Change? Does he think that the US must act, even in the face of Indian and Chinese refusal to curtail their own energy use?
Best of all, does Geithner believe - along with Al Gore and Energy Secretary Steven Chu - that the North Pole is in danger of "melting" in the next 5 years? Based on what?
Geithner's sounds like a lot more like he's hustling unpopular ideas with some good ol' fashioned fear mongering, rather than a well thought out argument in favor on his positions. It doesn't sound like he's convinced his preferred policy ideas would pass on their merits.