Category Archives: Cap and Trade

Cap and Trade Appears to be Dead by Gregory Hilton

The August recess has had a major impact and 15 Democratic Senators are now on record against cap and trade. 60 votes are needed for passage but they only have 45. The deadline set by Majority Leader Harry Reid (D-NV) is September 28th, and while the White House will not admit it is over, there is now no way the Senate will accept the economy killing measure which has been passed by the House.
Senator Reid reaffirmed today that a vote will be held in September. The Senate is likely to pass legislation requiring the use of renewable energy, but not cap and trade. Now our electrical bills will not be increased 80%. Cap and trade would have been a great issue to use in the 2010 campaign, but none of us would have wanted to see the economic damage when we are still in a recession. The Republicans stayed united and the victory would not have been possible without the moderate Democrats.
It is always good to be cautious and many Democrats are saying the energy bill should be split with cap and trade being addressed in the next session. The liberals appear to know cap and trade is already dead in this session.
Josh Nelson wrote in the Huffington Post, “President Obama is well on his way to squandering the best political environment we have ever had, without using an ounce of political capital to improve the legislation.” Joe Klein in Time said, “the Waxman-Markey energy bill passed by the House is an excellent candidate for euthanasia. It is a demonstration of all that’s wrong with the legislative process.”