Vincent J. Curtis
21 Aug 22
RE: New U.S. law a boon and a challenge. Spectator editorial 21 Aug 22.
The best part about banging your head against the wall occurs when you stop. The new U.S. law (i.e. the Inflation Reduction Act) means that Canada can stop banging its head against the wall. It can stop trying to destroy Alberta’s oil and gas industry. It can stop trying to ruin Alberta’s Ag sector with fertilizer bans. It can stop trying to destroy Alberta’s cattle ranchers over cattle flatulence. It can stop spending scores of billions of dollars switching to Chinese made “renewables,” batteries, and strategic materials. The U.S. is going to do it all, so we can relax, sit back, and watch.
We can watch where the lemmings go wrong, and we avoid exhausting the Canadian hamster running in his wheel, thinking he’s getting somewhere.
The Spec admits that the “Inflation Reduction Act” is a fraud from the get-go. It’s not going to reduce inflation, and it’s going to spend $375B on otherwise uneconomic greenhouse gas-cutting measures, which is why the Spec is talking about it. The U.S. is offering lavish subsidies for the world’s richest man, Elon Musk.
By 2030, forty years of fraudulent rhetoric
will come home to roost. Too many apocalyptic
forecasts that didn’t come true. (How
many times can the Arctic be forecasted to be ice-freeze, and oceans rising
multiple feet?) There’s no reason for Canada to lie financially and spiritually
exhausted, as the U.S. and Europe may well be.
But not China, India, Russia, and many other countries because they aren’t
wasting resources on silliness.
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