July 24, 2010
A headline on Thursday screamed: “Democrats pull plug on climate bill.” Don’t believe it. It’s a diversionary tactic.
The Obama administration and Democratic congressional leadership, seeing their window for shoving the country to the hard left closing quickly, are intent on making one last major push for cap-and-trade. It starts with their “spill-response bill” or “energy bill,” but it’s really about cap-and-trade.
The irony is that the political genius of cap-and-trade was supposed to be that it hides a tax hike from the American people.
The concept was developed largely as a response to the political price suffered by Democrats for their advocacy of outright energy taxes. As Al Gore explained: “I worked as vice-president to enact a carbon tax. Clinton indulged me against the advice of his economic team. That contributed to our losing Congress two years later to Newt Gingrich.”
This article was posted: Saturday, July 24, 2010 at 5:31 am