Could It Be Cap And Trade Lives?
In late February, cap and trade was declared dead. The blogosphere then began buzzing with alternatives, revolving around Senators Graham, Kerry, and Lieberman's revamp of Waxman-Markey and the Cantwell-Collins CLEAR bill, S.2877. But now, in the wake of health care, there are rumors the White House has put cap and trade back on the table confident it has the power to jam at least one more massive government program through Congress prior to the November elections.
Cap and trade's Zombie resurrection is no miracle. Cap and trade has some quiet Republican support, and might prove to be an easier "get" than either financial system reform or a comprehensive immigration over-haul, the other two big Obama initiatives. Stay tuned.
