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July 21, 2009

Bill O’Reilly on Cap and Trade, Global Warming, and Goldman Sachs

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We already know that Fox News’ telepundit Bill O’Reilly believes anthropogenic global warming is real and that it shouldn’t be ignored. Now we also know he’s not a huge fan of a cap-and-trade policy because it would fatten the wallets of Goldman Sachs and Al Gore.

O’Reilly borrows from Matt Taibbi’s piece at Rolling Stone, “Inside the Great American Bubble Machine”, that examines the politics of climate change and the investment houses that stand to gain with the move to carbon markets. But O’Reilly should have quit while he was ahead because Taibbi put together a decent case against Goldman Sachs. By pulling Republican whipping-boy Al Gore into his soapbox, O’Reilly softens the blow of Taibbi’s pointed critique — never mind that Al Gore’s has actually said his first choice for a policy mechanism to address climate change is a carbon tax. Watch it:

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