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It is quite surreal to see a U.S. president — after borrowing nearly $2 trillion this year, with a scheduled aggregate increase in the national debt of $8-9 trillion during his tenure alone — talk about borrowing more money to enact cap-and-trade transfers, as his secretary of state promises a $100 billion cash grant to poorer nations. And all this takes place in the aftermath of Climategate, at a summit whose attendees give the thuggish Hugo Chávez a rousing ovation, get lectured by the murderer Robert Mugabe, and also hear from multi-millionaire global-warming capitalist Al Gore.


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