SLOUCHING TOWARDS THE PIGOU CLUB:

Obama wants worldwide end of fossil fuel subsidies (SETH BORENSTEIN, 9/24/09, AP)

President Barack Obama is calling on the world to end massive government subsidies that encourage the use of fossil fuels blamed for global warming.

The president, who is set to host the G-20 economic summit opening Thursday in Pittsburgh, will propose a gradual elimination, with the time frame to be determined, according to White House officials.

He's almost there. Now, he just needs to dump cap-n-trade and tax gasoline directly and he's got it.

Posted by Orrin Judd at September 23, 2009 6:33 AM