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Waiting for the other shoe to drop [Waxman-Markey cap and tax is still alive]
The Economist ^ | 2009-09-10

Posted on 09/13/2009 11:59:27 PM PDT by rabscuttle385

The second big bill before Congress is also in difficulties.

New York & Houston.

Compared with the argy-bargy over health-care reform, this summer’s public conversation about controlling carbon emissions has been a model of restraint. In August, a Zogby poll commissioned by the National Wildlife Federation found that 71% of likely voters in America support the Waxman-Markey bill, a proposal to create a cap-and-trade mechanism for carbon dioxide that cleared the House of Representatives in June. But the bill still faces an uphill climb in the Senate, which resumed work on September 8th.

(Excerpt) Read more at economist.com ...


TOPICS: Business/Economy; Editorial; Government
KEYWORDS: 111th; agw; bho2009; bho44; capandtax; capandtrade; climatechange; economy; energy; globalwarming; obama; waxmanmarkey
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Joe Romm, a senior fellow at the Democrat-leaning Centre for American Progress, says that while the bill has its limitations, “Obama can’t pass a substantially stronger bill than Waxman-Markey. It’s not possible.” He notes that after Bill Clinton’s health-care reform fell apart it took 16 years to revisit the issue. Climate-change purists should bear in mind the consequences of failure. “If this bill goes down,” he says, “it will be a very long time before we come back to it. [And] I don’t see how the international process survives.”

It appears that, between Obamacare, cap-and-tax, and amnesty resurrected...conservatarians will have their hands full for a while.

Or will they?

IMPEACH OBAMA!

1 posted on 09/13/2009 11:59:28 PM PDT by rabscuttle385
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To: steelyourfaith; Tolerance Sucks Rocks

Cap-and-tax needs to bite the dust.


2 posted on 09/14/2009 12:00:15 AM PDT by rabscuttle385 (So many Communists, so little time.)
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To: rabscuttle385

How many blue dogs in Senate?


3 posted on 09/14/2009 12:03:00 AM PDT by HiTech RedNeck (Unashamed Sarah-Bot.)
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To: rabscuttle385
"In August, a Zogby poll commissioned by the National Wildlife Federation found that 71% of likely voters in America support the Waxman-Markey bill"

You'd think they'd at least try to make their rigged polls sound a little more believable. More like 71% are against it, but it had several trick questions in it, questions nobody can look over unless you pay a fortune for them.

4 posted on 09/14/2009 12:11:10 AM PDT by Nathan Zachary
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To: rabscuttle385

I personally think the Cap and Trade bill is dead too. But as Mark Steyn has said, a tax bill that makes the economy even worse can be undone in the next Congress, but government health care would be a much tougher genie to put back in the bottle.


5 posted on 09/14/2009 12:38:04 AM PDT by JLS
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To: rabscuttle385; IrishCatholic; Normandy; According2RecentPollsAirIsGood; TenthAmendmentChampion; ...
Thanx !

 


Beam me to Planet Gore !

6 posted on 09/14/2009 12:50:03 AM PDT by steelyourfaith ("Power is not alluring to pure minds." - Thomas Jefferson)
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To: JLS

I think that in this case, and unusually, Mark Steyn is wrong. Once a price is put on carbon and trading commences it will be as hard to untangle as the health care debacle.


7 posted on 09/14/2009 1:38:09 AM PDT by Nipfan (The desire to save humanity is always a false front for the urge to rule it - H L Mencken)
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To: Nipfan

You can make the caps very high. Once you do that the value of the allotments drops and the market dries up and the whole thing can be scrapped. You might move the caps up gradually, but you can do it.

And this bill might hurt the economy so badly that the GOP would sweep into power in 2010 by large margins.


8 posted on 09/14/2009 1:48:42 AM PDT by JLS
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To: rabscuttle385
Zogby poll commissioned by the National Wildlife Federation found that

How did the polls commisioned by the NHRA & NASCAR fare?

Still waiting for that one, are we?

Certainley, they must have the Homeowners Heated by Coal and Fuel Oil poll in, no?

I'd be interested in the mythology and wildlife Zogby polled - were these fair weathered fowl that fly to warmer climes, deep sea glow worms, ticks that count on their reluctant hosts for heat, or did they simply take the temperature of a few random asses they found at the zoo again.

9 posted on 09/14/2009 1:53:56 AM PDT by 4woodenboats
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To: rabscuttle385

CO2 Cap and Tax is corporate welfare for Wall Street who gave us the housing bubble.
It will not make us less dependent on foreign. Cap and Tax will make us dependent on foreign Carbon Credits. How stupid is that?


10 posted on 09/14/2009 2:59:56 AM PDT by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: rabscuttle385

CO2 Cap and Tax is corporate welfare for Wall Street who gave us the housing bubble.
It will not make us less dependent on foreign oil. Cap and Tax will make us dependent on foreign Carbon Credits. How stupid is that?


11 posted on 09/14/2009 3:01:37 AM PDT by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: Nathan Zachary

The first question was probably “Do you believe in man-made Global Warming?”

If the answer was no they ended the poll.


12 posted on 09/14/2009 3:21:20 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: steveab

“CO2 Cap and Tax is corporate welfare for Wall Street who gave us the housing bubble.”

eh? it may be corporate welfare but only for GE and Al Gore’s company.

Most companies will suffer tremendously.


13 posted on 09/14/2009 3:27:07 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver
Most companies will suffer tremendously.

Small companies and private companies. But the large and politically connected companies like Goldman Sachs and GE will clean up. The potential financial bubble created by C&T is the natural successor to the dot com and housing bubbles.

14 posted on 09/14/2009 3:34:23 AM PDT by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: driftdiver
"Do you believe in man-made Global Warming"

That is irrelevant.

Do you believe in the 2007 Supreme Court Decision?

If the US Congress doesn't address this, then the EPA will and the EPA is not required to take cost/benefit into consideration.

15 posted on 09/14/2009 4:25:33 AM PDT by Ben Ficklin
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To: palmer

Yup—companies who excel at trading things that don’t really exist will do well.


16 posted on 09/14/2009 4:47:29 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Ben Ficklin

“Do you believe in the 2007 Supreme Court Decision”

I dunno, they made several, which one are you referring to.


17 posted on 09/14/2009 3:14:36 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Ben Ficklin

“That is irrelevant.”

How is their use of false criteria to manipulate the poll irrelevant?


18 posted on 09/14/2009 3:24:15 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver
"which one are you referring to"

SCOTUS made only one decision on CO2, although they did make another significant decision on "new source review".

A google search of Supreme Court Carbon Dioxide will lead you to many articles published at the time.

A similar google news search will lead you to many current articles on EPA's moving forward to comply with SCOTUS.

As for the false criteria and polling, you need to distinguish between technical consensus, political consensus, and legal consensus.

19 posted on 09/15/2009 8:34:03 AM PDT by Ben Ficklin
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To: Ben Ficklin

So you make a post and expect others to do research to figure out what you mean. Good luck with that.

“As for the false criteria and polling, you need to distinguish between technical consensus, political consensus, and legal consensus.”

OORRRR you could take it in context and figure it out for yourself.


20 posted on 09/15/2009 9:54:34 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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