Cap and trade postponed in the senate! Blame it on popularity, or lack therof…
Two weeks ago, when the House barely pushed this through a vote, Barack Obama’s poll numbers still looked good enough to imply that there may not be consequences for hobbling the economy with ludicrous taxes, fees, and penalties for energy production. With his poll numbers eroding quickly and the electorate losing patience with high unemployment and Porkulus’ failure, that doesn’t seem like a safe bet any more. As the economy continues to drag, cap-and-trade will look more like a disaster than the mythical one it purports to avoid.
There’s more where that came from.
