We have a wonderful economist in Paul Krugman, yet he has been 
			perceived by our soldout media as an economist for sale. Krugman is 
			one of few economists who write newspaper articles and therefore he 
			brings intelligent common sense economics directly to people. And he 
			is one of the few economists who has most of his relevant papers and 
			articles available on the Internet. He is a great economist just for 
			the reason people can learn immediately so much from his ongoing 
			work. 
			Lately, he has ridiculed Bush's alternative plan to the Kyoto's 
			international treaty to reduce greenhouse gases that cause global 
			warming. We all know that president Bush is a manufactured product 
			of the Gross Domestic Product (GDP) American machinery and as such 
			president Bush releases economic policies which are both an 
			invention and byproducts of this GDP machinery. Bush's alternative 
			to the Kyoto's plan focuses on the reduction by 18 percent in the 
			next 10 years of the newly invented economic indicator "greenhouse 
			gas intensity."  
			
			 The 
			greenhouse gas intensity is defined as volume of gas emissions 
			divided by GDP. Now since the Bush administration wants to reduce 
			this ratio by 18 percent over the next 10 years, and since it is 
			expected that the GDP will increase by some 30 percent over the same 
			period, then the resulting effect will be an increase of 6.6 percent 
			(1.30 times .82) in the overall gas emissions in 2012. The Kyoto's 
			treaty set a target for the U.S. to reduce emissions by 7 percent 
			below the 1990 levels within a decade, but the Bush's plan is a 
			phony plan as while it may reduce the invented "greenhouse gas 
			intensity" by 18 percent in the next 10 years it will increase the 
			emissions by 6.6 percent over the 2002 emissions which are already 
			14.5 percent above 1990's levels.  
			The Bush's plan is a regressive plan as in the year 2012 the 
			Americans will increase their greenhouse emissions by about 22 
			percent over the 1990 emissions (1.145 times 1.066). Also, we must 
			know, that while the U.S. continues to be the biggest polluter on 
			the planet, Britain and Germany have reduced greenhouse gases below 
			1990 levels by 10 percent and 8 percent, respectively, while 
			maintaining economic growth.  
			All our premiers, with the exception of Bernard Laundry of 
			Quebec, are a joke as they oppose Canada's commitment to honor the 
			Kyoto's treaty and join the fabrication of Bush's greenhouse gas 
			emission policies. The more I refer to the provincial economic 
			policies and the more I realize the phony mentality of our political 
			leaders to copycat the American policies. What we need is to 
			understand what "intelligent common sense" is, rather than follow 
			the bushy "common sense" peddled by president Bush, and by our 
			copycat premiers such as common sense Mike Harris of Ontario, 
			practical man Gordon Campbell of British Columbia, and clown Ralph 
			Klein of Alberta.  
			References  
			Ersatz Climate Policy by Paul krugman. SYNOPSIS: The new Bush 
			Greenhouse-gas initiative decreases nothing except Bush's 
			credibility. Originally published in The New York Times, 2.15.02 
			http://www.pkarchive.org/column/021502.html  
			Japan Not Satisfied with Bush Climate Proposal Daily News Yahoo, 
			February 14, 2002 http://dailynews.yahoo.com/htx/nm/20020214/wl/bush_climate_japan_dc_1.html
			 
			George Bush's global warming speech Full text http://www.guardian.co.uk/globalwarming/story/0,7369,650821,00.html
			 
			Clear skies for US, gloom for Kyoto. Bush's new environment 
			policy fails to cut gas emissions, Julian Borger in Washington, 
			February 15, 2002 The Guardian http://www.guardian.co.uk/globalwarming/story/0,7369,650478,00.html
			 
			Premiers ambush Chrétien on Kyoto. His only ally: Quebec: Klein 
			leads group saying climate treaty could sap economy Robert Fife, 
			February 16, 2002 National Post http://www.nationalpost.com/home/story.html?f=/stories/20020216/75855.html   |