Even before Republican Scott Brown's stunning election to the Senate in traditionally Democratic Massachusetts last month, it was proving hard to corral moderate Democrats to support a bill capping greenhouse gas emissions. Now they're afraid to back anything that could be perceived as harmful to the economy. "Realistically, the cap-and-trade bills in the House and the Senate are going nowhere," Sen. Lindsey Graham (R-S.C.) told the New York Times. That's a distressing comment coming from one of the three senators supposedly crafting a compromise climate bill that's capable of achieving a filibuster-proof majority in the Senate.And whatever will the Billy Goats Gruff do about the troll that remains under the bridge?
President Obama has backed down too. On Tuesday, he signaled that cap-and-trade could go the way of healthcare reform's "public option," saying it could be removed from the climate bill. That would eliminate the market mechanism for pricing greenhouse gas pollution -- and without setting such a carbon price, other measures under consideration, such as a national renewable energy standard, won't go far enough to significantly slow global warming.
The gig is up. The party is over. Nobody buys your claptrap anymore.
Go back to the drawing board, warmers--time to come up with another scam.