Obama's new pollution rules will save $

Oh yeah, and maybe the planet. They will come out Monday, where by executive order he'll limit CO2 pollution. Which of course has created a stir with climate deniers as well as business promoters, often one and the same. I laud the President for taking action when the regressive-controlled Congress obviously will not. One of the faux reasons offered by the latter is epitomized by the US Chamber of Commerce's specious frothing. Krugman as usual destroys their rabidity. 

The Chamber tried something highly unusual for regressives in trying to prove Obama's regulations would destroy business; they tried facts! I know, hard to believe. Thing is, what their facts proved was that while the new regulations would indeed cost something, it will hardly destroy business. Yes, it will cost $50 billion a year until 2030, but when you compare it with the GDP over that same period, $21 trillion, our investment in reducing CO2 pollution comes to about 0.2% of GDP.


Krugman, and I dare say most reasonable people, would find that a negligible investment to not only reduce climate change but to drastically reduce its financial costs. The latter will exponentially dwarf our $50 billion a year cost through the decimation of agriculture, power overloads, infrastructure degeneration and a host of others. We are getting a business bargain here, actually saving money for everyone in the long run. But the costs saved for everyone means the costs governments would have had to pay out to clean up big business' pollution mess, which they never take into account since it focuses only on itself. No food, no power, no infrastructure will decimate those businesses too, they just refuse to accept it.