Ronald Bailey Analyzes Obama's Climate Five-Year Plan
On Tuesday, President Barack Obama outlined his "new national climate action plan," which amounts to a federal top-down five-year plan—although he has only four years to implement it. Obama's plan ambitiously seeks to control nearly every aspect of how Americans produce and consume energy. The goal is to cut the emissions of greenhouse gases and thus stop boosting the temperature of the earth. Reason Science Correspndent Ronald Bailey finds that the actual result will be to infect the economy with the same sort of sclerosis seen in other centrally planned nations.