Via Noel Sheppard at Newsbusters:
If you needed some good news to brighten your Saturday evening, this could be it: ABC’s George Stephanopoulos believes Democrats have abandoned their goal of enacting a carbon cap and trade program this year.
…
Most rational economists not under Gore’s influence believe such a plan would have a devastating effect on our economy, and would likely force companies to continue exporting manufacturing jobs to countries like China and India which don’t have such business unfriendly practices.
Fortunately, according to Stephanopoulos, this idea has been scrapped for the time being (h/t Hot Air):
As the Wall Street Journal and Washington Post have reported, House Democrats (backed by the White House) plan to write a budget resolution that allows health care to be passed by a simple majority (through the so-called “reconciliation” process) if a bipartisan compromise isn’t reached by September.
Cap and trade will not get the same budget protection, and there are nowhere near 60 votes for it. Keeping it out of the reconciliation process recognizes reality: Congress can’t pass it in the middle of a recession.
This is marvelous news for climate realists the world over, for the longer we go without cap and trade, the less interested Americans will be in supporting such given the cooling the planet has seen since 1998. And, as even the warmers agree that this trend is likely to go several more decades, the window of opportunity for the Gorebots is beginning to close.
I hope that makes YOUR Saturday better, for it sure did mine.
This is a small victory. If the earth continues to cool as it has for the past ten years or so, it will become more and more difficult for Al Gore et al to bring cap and trade back to life.
Read it all at Newsbusters.
Hat tip: Tom Nelson
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