Is the Crap & Trade Party Over?

Noel Sheppard has just reported that the thugs who are to soon meet in Copenhagen finally got some pangs of self-interest as they have now thought twice about signing any binding climate change legislation at the upcoming conference:

The decision represents a huge setback to the Obama administration's goal of passing a cap and trade bill this year, which conversely is great news for virtually every company in America that has been worried about the higher cost of doing business that would come from the enactment of such legislation.

As the New York Times reported moments ago:

President Obama and other world leaders have decided to put off the difficult task of reaching a climate change agreement at a global climate conference scheduled for next month, agreeing instead to make it the mission of the Copenhagen conference to reach a less specific "politically binding" agreement that would punt the most difficult issues into the future. [...]

Obama, of course, was going to use agreements made in Copenhagen as a justification for passing the onerous "cap and trade" legislation, that, in his own words, would necessarily "..make the price of energy skyrocket."

This, of course, is yet another political setback for the Obamateur, who will no likely have to kiss a little more ass and bow a few more times to get other world leaders to do his bidding.