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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: Sully- who wrote (77106)1/27/2010 4:16:27 PM
From: Sully-  Read Replies (1) of 90947
 
Graham: Cap and Tax 'Going Nowhere'

Daniel Foster
The Corner

As Obamacare comes to a grinding halt, Democrats seem ready to scale back ambitions for the president's other signature domestic policy initiative—a comprehensive “cap-and-trade” bill.

“Realistically, the cap-and-trade bills in the House and the Senate are going nowhere....They’re not business-friendly enough, and they don’t lead to meaningful energy independence,” Sen. Lindsey Graham (R., S.C.) told the New York Times. Graham is working on a package of job-creating energy initiatives, ranging from the expansion of offshore drilling to the building of wind turbines and new nuclear power plants.

“What is dead is some massive cap-and-trade system that regulates carbon in a fashion that drives up energy costs,” Graham said.


UPDATE: President Obama will likely “re-brand” his energy and climate change bill during his State of the Union address, by avoiding reference to it as a “cap-and-trade” bill and casting it instead as part of a job-creation agenda.


“This is about creating a new generation of clean energy jobs that will position us in a global market, and we need the legislation to do that,” White House energy and climate adviser Carole Browner said at a forum Wednesday, previewing the president's State of the Union comments on the subject.

corner.nationalreview.com
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