U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.
Gross domestic product expanded at an only 0.2 percent annual rate, the Commerce Department said on Wednesday. That was a big step down from the fourth quarter’s 2.2 percent pace and marked the weakest reading in a year
has caused a big growth interruption.
When it’s warm it is good
makes the plants grow more food.
More CO2: Food distribution.
CO2 concentration has increased from about 280 ppm in pre-industrial times to nearly 400 ppm today, and is increasing at a rate of 2 ppm per year. We are way past the point of no return, 350 ppm which would lead to a temperature catastrophe. But instead, something rather interesting is occurring. The earth is getting greener! This 40 % increase in CO2 the last 250 years has led to a more than 30 % increase in agricultural production all by itself without adding fertilizer or using higher yielding seeds. Thanks to this we can now feed an additional two billion people on earth without starvation. The news are so good, that the per capita food production is increasing, even as the population is increasing.
Look at it this way. The value of basic agricultural products is more than 1.5 trillion dollars worldwide. 30% of that is due to increased CO2. That means that the CO2 emitted is worth 450 billion dollars, spread out over all farmers and ranchers worldwide. This wealth transfer is occurring right now, and knows no national boundary. It is a gift from the developed countries to the rest of the world. Who could be against that?
It turns out that this wealth transfer occurs without global governance. The leaders of the world will not have their say in who gets the wealth transfer, the U.N. bureaucrats will not get their cut, and politicians cannot get a campaign issue since it occurs without their involvement.
The support for this argument: http://lenbilen.com/2014/02/22/co2-the-life-giving-gas-not-carbon-pollution-a-limerick-and-explanation/