Elitist French President Emmanuel Macron publicly chastized President Donald J. Trump when he pulled out of the Paris climate accord. It was all cost and no benefit to working-class Americans and the riots spreading across France right now prove Trump was right to reject it.
After eight years of Obama’s job-killing economic policies, the coup de gras would have been signing on to the multinational climate change agreement that would force onerous regulations on U.S. companies and raise taxes across the board. Rather than the dramatic recovery and surging GDP, it could have been the death blow that pole vaulted China ahead of the U.S. as the number one superpower. Emerging economies would have enjoyed free rein to build the coal-fired power plants that Obama famously threatened to bankrupt.
“So, if somebody wants to build a coal-powered plant, they can,” Obama reportedly said. “It’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”
Hillary reiterated the sentiment in the run-up to the 2016 election saying, “We’re going to put a lot of coal miners and coal companies out of business.”
It seems inconceivable that a sitting president or candidate would target the jobs of hard-working Americans. However, Obama was true to his word.
His policies decimated whole communities, putting upwards of 83,000 coal miners out of work. He also sat back and did nothing as OPEC and Russia flooded the oil market to drive down prices in an effort to bankrupt U.S. oil. All for a weak disputed science that claims human activity might be a primary driver in climate change. Pres. Trump had an entirely different perspective.
“I was elected to represent the citizens of Pittsburgh, not Paris,” the president said about pulling out of the Paris accord. “It would once have been unthinkable that an international agreement could prevent the United States from conducting its own domestic affairs.”
But the European elites who put their liberal, globalist ideologies ahead of the citizens they swore to serve have caused tremendous harm on their home fronts. French President Macron implemented policies from the Paris Climate accord which leveled taxes against working class French citizens. As a result, French citizens have taken to the streets and set Paris and other cities ablaze in an all-out revolt against Macron and his globalist policies.
Working-class people from suburban and rural regions seized control of Paris wearing yellow jackets. They blocked streets, destroyed property, burned cars and slugged it out with a massive police presence of nearly 90,000 strong equipped with armored vehicles. It’s Frenchmen against Frenchmen as tear gas fills the air and many are calling for Macron’s head. The hike on fossil fuels was the straw that broke the camel’s back.
“The Paris Agreement isn’t working out so well for Paris,” Pres. Trump tweeted. “Protests and riots all over France. People do not want to pay large sums of money, much to third world countries (that are questionably run), in order to maybe protect the environment. Chanting ‘We Want Trump!’ Love France.”
These days, President Trump’s approval rating cast a looming shadow over Macron and his outgoing co-conspirator German Chancellor Angela Merkel.
The Paris accord was the product of a 2015 United Nations Climate Change Conference in which Obama agreed to meet grossly unrealistic emissions standards. Reductions were set at 26-28 percent by 2025, long after he would be out of office.
To date, the only country associated with those discussions to reduce emissions has been the U.S. Yet, the most substantial reduction burden would have fallen on America. More accurately, American taxpayers. The French people are fast-learning that elites like Macron want to feel good about polishing their shiny ideas on the backs of working people.
If Hillary had won the 2016 election, she would have gleefully signed the accord. The Paris deal would have crushed the U.S. GDP by upwards of $2.5 trillion by 2035 and driven out upwards of 400,000 jobs. That decline would have been coupled with escalating consumer goods costs and higher taxes. Household income would have declined. The historically low unemployment rate would likely have been replaced with an even greater recession.
Everyday Americans need only look at France and see the anger of working-class people to understand that it was a bad deal. There’s blood in the streets in Paris. President Trump was right.