Americans are just now coming to grips with the idea of bailing out Wall Street to the tune of nearly $1 trillion. The experts say it’s necessary to protect the country and perhaps the world from an economic apocalypse. But an alternative view of the financial meltdown and another potential use for taxpayers’ billions popped up Sunday in the blog Climate Progress.
“Is the financial crisis more dire than the climate crisis?” it asks. “Not even close.”
Joe Romm points out that the United Nations panel on climate change gives us just four or five years to rein in global warming or risk a meltdown of a far greater kind. He goes on to say, “It is insane to glom together a trillion-dollar taxpayer-funded legislative response to this crisis in a few days while utterly ignoring the infinitely graver climate crisis.”
It’s a compelling argument, or perhaps an argument for Congress to take a deep breath and consider whether all of us exiles on Main Street should get a break, too, financial or otherwise.