… and all they got was the lousy Green Shift.
I’ve searched their websites and Google News. If the CBC or Globe&Mail managed to squeeze this little item between the Shock!! and Outrage!! coverage of Fox News late-late-night, and the religious beliefs of Canada’s science minister, I can’t find it.
But that’s why you have blogs – to do the jobs Canadian media won’t do.
Energy Secretary Steven Chu on Tuesday advocated adjusting trade duties as a “weapon” to protect U.S. manufacturing, just a day after one of China’s top climate envoys warned of a trade war if developed countries impose tariffs on carbon-intensive imports.
Mr. Chu, speaking before a House science panel, said establishing a carbon tariff would help “level the playing field” if other countries haven’t imposed greenhouse-gas-reduction mandates similar to the one President Barack Obama plans to implement over the next couple of years. It is the first time the Obama administration has made public its view on the issue.
“If other countries don’t impose a cost on carbon, then we will be at a disadvantage…[and] we would look at considering perhaps duties that would offset that cost,” Mr. Chu said.
So, everything old is new again…
Contrary to popular belief, Herbert Hoover was no fan of the free market or small government. After the stock market crashed in 1929, Hoover engaged in unprecedented peacetime deficit spending and other measures that increased the role of the federal government in the economy. Arguably, the most detrimental of his actions was the Smoot-Hawley Tariff Act of 1930, which sharply hiked taxes on thousands of imports.
The National Post caught it, though. “Smoot-Hawley on steroids”
The term “weapon” is entirely appropriate because such a policy would not “level the playing field,” as Mr. Chu seems to imagine, but bomb it. Carbon tariffs have been lurking like Somali pirates on the policy horizon for quite a while, and “carbon equivalency fees” for imports were part of the climate change bill introduced by President Obama last week in Congress.”
Ironic, isn’t it? Stéphane Dion ran in Canada, got elected in the US.