Reality Bites: Kiwis May Abandon Kyoto

The New Zealand Herald reports that the Kiwis may be figuring out that Kyoto is not in their best interest . . . to the tune of $1,000,000,000. Yes, that's one billion-with-a-B dollars. Instead of a net $500,000 benefit from Kyoto, they are now expecting a negative impact of $500,000. Isn't it interesting how radical environmentalism is not quite as necessary as when it's only the USA that has to take the economic hit.

I'm reminded of a scene from the Tom Hanks film "Big". Hanks plays a character who is a kid in an adult's body. After getting a job developing toys for a toy company, he comes up with the idea to create a comic book with a chip that allows the reader to determine the story line. It's a brilliant idea, except the cost would be so great that there was no way it would sell. Hanks' immature character was clueless when it came to economics. The same seems to be true of the Left. As Kyoto demonstrates, they have no concept of the economic impact of their policy positions. Those who have to live with the consequences cannot afford to be so naive.

(Hat Tip: Tim Blair)