Larry Kudlow: We can help the planet solve its problems without bankrupting families and ending prosperity
happy Friday everyone. Now you probably don’t know this, but today is Earth Day! Perhaps the reason you don’t know it is that you have to look long and hard to find any reference to Earth Day.
The lack of coverage of this non-event is, we will call, “ground shattering.” CNN now covers Earth Day and in fact they have their own little Earth Week. It’s numbers, right?
A brutal story in The Washington Examiner reminds us that the Earth Day founder, a highly intelligent graduate of the Ivy League, sadly murdered his ex-girlfriend. The authorities in Philadelphia had to chase him around the world. They found his girlfriend’s body in a box in the man’s apartment and after many years tracked him down when he was tried, convicted and sentenced to life in prison. I’m just saying.
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It is worth noting that Earth Day began in 1970, at which time the National Environmental Protection Act, called NEPA, and the Environmental Protection Agency, called EPA, were passed.
All this under Republican President Richard Nixon. And you know what people? Over the past five decades, the United States has made tremendous progress in its dealings with the planet. Now, at present, the United States has the cleanest air, cleanest water and lowest carbon emissions of any major country on the planet, Earth.
So, if any of you want to attribute these remarkably positive accomplishments to the start of Earth Day, even though the founder killed his girlfriend and put her in a box, I agree!
This means that I agree with the advancement of clean air and clean water. I don’t recommend killing your girlfriend and putting her in the trunk.
All that said, the bottom line is that we simply don’t face some kind of existential climate risk crisis, despite what nearly everyone in the Biden administration is telling us, from top to bottom. As for the danger of the existential climate, that’s a big lie.
Only recently did Biden take the NEPA, which has served some useful purpose over the years, and completely messed up its mission. NEPA is the environmental gateway that opens the door to all kinds of critical infrastructure in this country.
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It’s been a very long time with permit decisions often put off for 10 or 15 years until President Trump came along and cut red tape in order to free up permits for very important projects under two years that would employ millions of blue collar blue collar owners. American workers can go ahead and give the economy a supply-side boost.
Now, however, the green plants that have woken up in the Biden White House have mocked NEPA and infrastructure. Instead of fast-track permits for bridges, roads, highways, tunnels, fracking, pipelines, mining of critical mineral resources, and utility transmissions for renewable and fossil energy, or nuclear power, a new NEPA law this week will prevent all of this and inflict heavy punishment on the economy.
There may not be a new highway bridge, pipeline, or even wind power transmission line in my life! The mantra of this crazy White House rule is “No New Build” by new, uncertain and unscientific metrics, including social carbon costs, so-called cumulative environmental impact, direct impact, indirect impact, social justice, equity, and undeserved communities. I mean, the thing reads like a left-wake statement.
The only thing missing is a rule that would prevent parents from attending school board meetings, but we’ll probably find that too in fine print.
I want to refer back to Senator Mitt Romney’s op-ed in the Wall Street Journal where he said “President Biden needs to let go of his waking advisers and surround himself with people who want to get the economy back on track.”
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This is true, but so far it has not. I would also like to point out Bjorn Lomborg, a researcher at the Siddiqui and Hofer Institute who has repeatedly told us that through a combination of economic growth and innovation, we can solve climate problems over the next 100 years. This is how you do it.
Incidentally, Lomborg noted that these crazy and awake planet-wide climate policies, which will end fossils without alternatives, will cost $5 trillion annually. The economic growth and technological progress that stems from sound economic principles will do the trick.
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Stop the exchange, borrowing, printing and regulating money. Unleash the supply side of the economy. Keep tax rates as low as possible.
Then we can really help the planet solve its problems without bankrupting families and ending prosperity. Now this will be a good earth day!
This article is excerpted from Larry Kudlow’s opening comment on the April 22, 2022 edition of “Kudlow”.