Let's just assume the Medieval Warm Period (MWP) was as warm as today (though on a global scale, it almost certainly wasn't). Why does that even matter?
The argument is not that today's temperature is a problem, it's that the current rate of warming is a problem. According to the IPCC, the planet is going to warm 1.5-6°C by the year 2100. We're currently warming at a rate of 0.02°C per year.
In short, even if the planet weren't warmer than the MWP, it will be soon, and during the MWP there were extensive droughts characterized as 'megadroughts'.
http://answers.yahoo.com/question/index;_ylt=AvL2fbPQHYxShWu6muFYaEMjzKIX;_ylv=3?qid=20071227162425AAABRtB
So why does it even matter if the planet isn't yet warmer than during the MWP?
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