FreedomTalks

President Bush gave a speech today about his desire for nations to cut their carbon emissions.

“By setting this goal, we acknowledge there is a problem, and by setting this goal, we commit ourselves to doing something about it,” Bush said in a speech that capped two days of talks at a White House-sponsored climate change conference. “We share a common responsibility: to reduce greenhouse gas emissions while keeping our economies growing.”

He said each nation should establish for itself what methods it will use to rein in the pollution problem without stunting economic growth.

He also proposed the creation of an international fund to finance research into clean-energy technology, announcing that U.S. Treasury Secretary Henry Paulson would coordinate the effort and would be in touch with other governments soon about moving forward.

Armey’s Axiom is in order here. “The market is rational, but the government is dumb.” Any energy policy that we pursue should allow the market to pick winners and losers, not the government. End subsidies of all energy companies and allow competition on a truly level playing field. Then we will see the most efficient and inexpensive technologies gain market share and compete with oil and gas for consumers. President Bush would be wise to steer clear of government mandates, new programs or alternative fuel slush funds.

This entry was posted on Friday, September 28th, 2007 at 3:36 pm and is filed under Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.