Friday, March 27, 2009

Who Will Obama's Crazy Carbon Credit Plan Starve?

Likely the citizens of poorer nations that rely on American financial support to purchase American grain, that's who.

Bloomberg has the story of a Nebraska farmer who is currently getting $3000 per year to leave his 800 acres fallow thus not releasing 470 tons of carbon into the atmosphere. The $3000 is not sufficient income for this practice to become widespread, however the farmer believes that Obama's cap-and-trade carbon program will allow for a much larger payout. Haven't we been through this issue already?

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