Rupert Murdoch Links Regulations, ‘Endless Climate Alarmist Nonsense’ To Financial Turmoil

Hours after a dramatic rebound among Wall Street stock exchanges that followed days of massive losses triggered by a cratering Chinese economy, Murdoch offered, “So markets bounce. Too much cash looking for a home. Far too few prepared to invest and employ.”

“Small business,” he argued, is “the only hope for growth.” But the business magnate suggested that such growth is unlikely.

“Global growth dangerously low. Blame politicians’ layers of regulations. Too hard,” he tweeted, adding “US federal regs 170,000 pages before states & cities.”

Murdoch is a regular critic of what he says are excessive and outdated government regulations, and in his tweets he focused the criticism specifically on rules related to climate change.

“In the last 3 decades carbon in US air has reduced by nearly 50%,” he observed, adding that he is “A climate change skeptic not a denier.”

But he proceeded to blast climate change activists, saying “Sept UN meets in NY with endless alarmist nonsense from u know whom! Pessimists always seen as sages.”

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