Obama on Global Warming

http://www.youtube.com/watch?v=GcpGRO-j_Ik

Global Warming has been a very important issue in today’s society. Barack Obama says he has a plan to help reduce this and create a new market for it. At a speech, he was quoted saying, “scientists all across the world have said that over the long-term, global warming will have a significant damaging effect on the world and US economy. Also, it will cost us trillions of dollars.” He also talks about how it will affect the high ocean levels and the states surrounding the ocean. He provides a plan to help fix global warming. His plan is to put a price on the amount of carbon dioxide released into the atmosphere by power plants and everyone that damages the planet with it. The name of the plan is the cap and trade system. Obama says then we can make a market for this green technology. He also says that we can make jobs and it will make sense economically for the world. It also will create a new industry for the world and the government can get money from auctioning off some of the emission rights. Then the government can use this money to finance investment in alternative fuels. He sums up his plan by saying, “It can be a win, win, win situation all across the board.”
I agree with Barack Obama’s plan to help reduce global warming. This is a brilliant idea for not only the United States of America, but also the world. In America, there has been a need for jobs. By creating this market, it will create many jobs and produce a lot of money. Also, once we are making money from the companies that put carbon dioxide into the earth, we can search for new ways for an alternative fuel. I think this is one of Obama’s best plans because it seems so logical, yet I have not heard anyone talk about this idea. The only problem with this idea is that we would have to pass it by law and I can see many company owners not wanting to pay for the emission of carbon dioxide. Therefore, we would have to have some type of law enforcement that would make sure the companies were paying for the emissions of the carbon dioxide.