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The harsh lessons of the financial bailout

Posted on October 08, 2008

By Joseph RommNo, 450 is not politically possible today. Nor is 550. Nor is action sufficient to stave off 1,000 ppm and 6 C warming. OK, that was clear before because congressional conservatives can certainly block the necessary action and demagogue the energy price issue -- and they obviously intend to. But I think the financial bailout bill story has yet more sobering lessons: Multi-hundred-billion-dollar-sized government action happens only when there is a very, very big crisis. Yes, lots of people out there think happy talk about clean energy and green collar jobs is main...

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