Three Strikes! Why Cap-and-Trade is Dead for 2009
If the measure of how badly the White House narrative veered off course is to observe that many of the Sunday shows spent more time on ObamaGates (I might have to trademark that one) than they did on health care, it is worth noting that Waxman-Markey is barely in the rear view mirror anymore. It does not appear to be on the Senate’s radar either.
Any hope of climate change legislation is rapidly fading and Waxman-Markey is poised to become another smudge on the road, steam rolled by the political process in much the same way the BTU Tax, Kyoto ratification, and previous energy-environment bills were.
What went wrong? I’m interested in your thoughts on whether cap-and-trade ever had a chance? Or, is strategy to blame for squandering the best chance at climate change legislation that we have had in a generation? If so, who dropped the ball? The White House? The House Dems? Senate leadership?
I’ll post my “three strikes” below, but what do you think killed cap-and-trade?
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