Irony

As people start to deconstruct last year’s financial crisis, most of them are coming to the conclusion that the #1 bit of “irresponsibility” was the blind investment of trillions of dollars based on solely on the output of correlation-based computer models, and continuing to do so even after cracks appeared in the models.

The irony? Obama’s budget includes nearly $700 billion in new taxes (via a cap-and-trade system) based solely on … correlation-based computer climate models that predict rapidly rising temperatures from CO2. Climate models in which a number of cracks have appeared, but which are being ignored.

As always, read the whole thing.