Obama Fixates On Climate, Ignores Faltering Economy

Anyone who studied U.S. history remembers Seward's Folly — America's purchase of Alaska by then-Secretary of State William H. Seward. Today in the 49th state, the president is carrying out folly of his own. --Russia's price tag for Alaska in 1867 was $7.2 million — or 2 cents an acre for a land area twice the size of Texas. At the time, it was seen as an inflated price, but Alaska was soon recognized as strategically important for national security and rich with natural resources — first gold, then oil and gas.

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(Hat tip: KimR)