Climate Change Bill Looks DOA in Senate; a Victory for President Bush

 This certainly is good news. It looks like the cap and trade climate change bill is going to die a slow death in the senate….at least for now. It sounds as if it will be tabled until next year, when coincidentally either McCain, Clinton, or most likely Obama will be president and will be in favor of this legislation. But for now anyway, it looks like president Bush has won this round in the fight, and we are all better of for it.

 a backdrop of rising gasoline prices and the sluggish economy makes it difficult to win votes for a regulatory scheme that will raise the prices of electricity and gasoline.

 That may be true right now but the next president will have no problem raising the prices of electricity and gasoline. You can count on it, all three remaining candidates love to raise taxes and that is what this whole bill is about, just look at the theme that you can plainly read in the following quotes.

The government would allocate some permits to utilities and industrial companies, and auction others to generate revenues.

In the long run, you want people who burn carbon to pay more,” says John Rowe, the CEO of Exelon,

“I believe in cap and trade. I believe we ought to put a price on carbon,” Rogers says

But senators who want to auction permits, and then use the money for a variety of projects

Billions of dollars are at stake in this argument over how to auction or allocate the pollution permits.

 Permits, revenues, auctions, putting a price on and paying for carbon. That is all this is about, paying the government more money. They are no longer even trying to hide it. I know I sound like a broken record but this is too important to ignore. The next president is in favor of this massive tax increase that will kill an already slowing economy, all in the name of taking in revenue for social programs that will addict more people to government entitlements.