Paul Volker says US "delinquent" on warming/alt energy will not hurt economy

[greenman3610]

http://www.iht.com/articles/ap/2007/02/06/business/ME-FIN-Egypt-Volcker-Global-Warming.php

CAIRO, Egypt: Measures to reduce global warming would not be devastating economically, and the United States has been "particularly delinquent" on the issue, Paul Volcker, the former chairman of the U.S. Federal Reserve, said Tuesday.
Speaking to the American Chamber of Commerce in Egypt, Volcker said the argument that taxes on oil or carbon emissions, for example, would ruin an economy was "fundamentally false."

"First of all, I don't think (such a step) is going to have that much of an impact on the economy overall. Second of all, if you don't do it, you can be sure that the economy will go down the drain in the next 30 years," Volcker said, referring to the impact forecast by a U.N. report last week.

[Herman74]

1. Well, this TOTALLY shoots down one Republican "argument"

...namely, by using the phrase, "Measures to reduce global warming would not be devastating economically,..."

And all this coming from a guy prominent during the Reagan years.

[salin]

2. I was just going to comment on how odd it is that several high profile

Reagan officials have been absolutely outspoken on the outrageousness (or worse) of the bushadministration.