Old Left Versus New

The one consolation we can take from the financial crisis is that it does seem to be suppressing or delaying the most dangerous campaign on the left: the push for a cap or tax on carbon dioxide emissions. This is the one leftist proposal that would be most effective at making an economic downturn permanent, because sabotaging industrial production is precisely the purpose of the global-warming crusade.

The New York Times reports on the many campaign promises the Obama team has hinted they might delay because of the financial crisis. Of these, the most prominent is cap-and-trade energy rationing. The Obama administration may be too busy with its Old Left program of central planning and public-works giantism to focus on the New Left agenda of anti-industrialism...

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