Tuesday, December 1, 2009
Cap and Trade is Done...For Now
I have serious doubts about whether any cap and trade bill will get done this year in Congress, despite how much Obama and some Democrats want it.
Unemployment continues to climb. People are most worried right now about the economy. Anything that can be painted as destroying jobs is simply a no-go right now. The last thing Democrats need in the 2010 midterm elections are ads telling working class swing voters that Democrats doctored global warming data, caused business to fire thousands of people, all over concern for polar bears. This is all before leaked emails, which will only embolden climate change skeptics even more.
That is not to say that Democrats will have to give up on pursuing climate change legislation forever. They will simply have to wait until the economy is better.