Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

'Cap and trade' faces uphill climb in Senate
Market Watch ^ | Jun 30, 2009, 3:39 p.m. EST | Robert Schroeder

Posted on 06/30/2009 2:12:46 PM PDT by Red Steel

Energy action switches sides on Capitol Hill as poll shows uneasiness

WASHINGTON (MarketWatch) -- With a victory for his energy policy in the House of Representatives last week, President Barack Obama now shifts his attention to the Senate, where passage of a controversial "cap-and-trade" system for cutting greenhouse gas emissions is facing a steep uphill climb.

"In the months to come, the Senate will take up its version of the energy bill, and I am confident that they too will choose to move this country forward," Obama said on Monday. Following the House vote on Friday, Senate Majority Leader Harry Reid said he's hopeful that the Senate will debate and pass an energy and climate bill "this fall."

But observers say that getting the "cap-and-trade" bill through the Senate will be a significantly harder task than in the House, where it was approved on a tight vote of 219-212.

"Cap and trade" refers to a system of buying and selling pollution permits to meet emissions limits. The 1,500-page House bill aims to slash greenhouse-gas emissions to 17% below 2005 levels by 2020. By the middle of the century, it would cut emissions to 80% below 2005 levels.

A Rasmussen Reports poll released on Tuesday shows that 42% of Americans believe that the House-passed bill will hurt the economy. A majority of Republicans -- 56% -- and independents -- 52% -- said the bill would hurt the economy, while 23% of Democrats said the same thing. Thirty percent of Democrats said it would help.

Sen. Barbara Boxer, the California Democrat who chairs the Senate Environment and Public Works Committee, said that the House bill gives senators the momentum they need to do their own energy bill. But observers are skeptical that Democrats will be able to muster

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


TOPICS: Business/Economy; Extended News; Government
KEYWORDS: 111th; capandtrade; democrats; energy; reid; waxmanmarkey
Navigation: use the links below to view more comments.
first 1-2021 next last

1 posted on 06/30/2009 2:12:47 PM PDT by Red Steel
[ Post Reply | Private Reply | View Replies]

To: Red Steel

He will blackmail senators, if he has to, to get them to vote for it.


2 posted on 06/30/2009 2:14:37 PM PDT by DallasDeb (USAFA '06 Mom)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DallasDeb

More Government control. Why doesn’t the Senate then just crank up Electric Generators, they now make cars, bank, do it all.....and see how soon we’ll be like Honduras, can’t get rid of the man who was elected, and served his term limits.


3 posted on 06/30/2009 2:16:10 PM PDT by rovenstinez
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red Steel

I would rather see it face a downhill climb.


4 posted on 06/30/2009 2:16:40 PM PDT by Repeal The 17th
[ Post Reply | Private Reply | To 1 | View Replies]

To: DallasDeb

The Senate is by and large composed of spineless compromisers. Expect a few token window dressing “amendments” to the house version of cap & tax, mostly purchased by some special interests. Otherwise it’s gonna fly through.


5 posted on 06/30/2009 2:18:35 PM PDT by henkster (Bumper Sticker: Please don't tell 0bama what comes after a Trillion!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red Steel

Coleman concedes. Franken wins and gives Dems 60 seats in the Senate.

With Rino senators like Cryin’ Voinovich there’s little chance of turning enough democrats.


6 posted on 06/30/2009 2:18:50 PM PDT by xzins (Chaplain Says: Jesus befriends those who seek His help.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Steel
The dominoes are Cap’n Trade, VAT and Obamacare. As each one falls the next one is easier.

Make your senator sweat. I was civil with my congress-rat. I have not been so with the smarmy sen. bill nelson (rat-FL).

7 posted on 06/30/2009 2:18:54 PM PDT by Jacquerie (Truth to the Left is that which advances their goals. Factuality is irrelevant.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Steel

“Vote to kill the economy” faces uphill climb in Senate.


8 posted on 06/30/2009 2:19:19 PM PDT by PBRSTREETGANG
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Steel
The American People need to be scared out of voting for another Democrat.

A properly presented 5 minute YouTube or whatever could do the trick. A visualization of the long oppressive arm of the government coming down to take your Freedoms, Liberties and choices away.

I can only pray such people smarter and more capable than I do it.

9 posted on 06/30/2009 2:21:11 PM PDT by rvoitier
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Steel
The senate needs to kill this. But if not,
10 posted on 06/30/2009 2:23:56 PM PDT by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies]

To: DannyTN
Those are excellent suggestions, which is the kiss-of-death in Congress of course.

I'm curious to see how much pressure Wall Street interests, ie, the nonbanking financial people, put on Congress to pass cap and trade. The g/rumbling is that cap-and-trade trading is going to be the next bubble on the street.

11 posted on 06/30/2009 2:28:57 PM PDT by kittykat77
[ Post Reply | Private Reply | To 10 | View Replies]

To: rvoitier
The American People need to be scared out of voting for another Democrat.

The American people will eventually be scared out of voting for most Democrats. Unfortunately, it will take time for reality to sink in. By then, the damage will be hard to overcome. But if anyone can overcome the damage of socialism, it's the American people. Despite what Obama was indoctrinated to believe, we are truly exceptional people.

12 posted on 06/30/2009 2:31:42 PM PDT by neocon1984
[ Post Reply | Private Reply | To 9 | View Replies]

To: Red Steel
It should be DOA.

sw

13 posted on 06/30/2009 2:33:42 PM PDT by spectre (Spectre's wife ) (Who will lead us?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Steel

Carbon Credits: A Scam

http://market-ticker.org/archives/1171-Carbon-Credits-A-Scam.html

“We’re 1/15th of the population in question and nearly all of the rest of the people involved are going to dramatically increase their per-capita CO2 output whether we like it or not.

Herein lies the problem: While we emit more CO2 per-capita than anyone else today, we won’t be emitting the most CO2 for very long on an aggregate basis. To actually stop the increase in CO2 emissions we would have to find some way to compel the Asians and Africans to not increase their CO2 emissions.

But all possible means for them to improve their standard of living inherently involve significant and even dramatic increases in CO2 emissions per-capita. The math is simple: Within a few years China will emit more CO2 than we will. A few years after that both Africa and India will surpass the United States.

None of these regions will agree to stop emitting CO2 because to do so is to agree to keep their people perpetually poor and agrarian while we enjoy the fruits of a westernized, industrialized economy.”


14 posted on 06/30/2009 2:36:00 PM PDT by Lorianne
[ Post Reply | Private Reply | To 1 | View Replies]

To: DallasDeb

I’m very scared this is going to go through one way or the other.

They’re portraying the Senate fight like they did the House fight, so they look better once it passes.


15 posted on 06/30/2009 2:37:53 PM PDT by Boiling Pots (B. Hussein Obama: The final turd George W. Bush laid on America)
[ Post Reply | Private Reply | To 2 | View Replies]

To: PBRSTREETGANG
Vote to kill the economy.

Isn't declaring CO2 a pollutant really saying that God, as the creator of man is unlcean? Was God mistaken to create man and have him exhale CO2? If we are created in his image, I guess that makes him a polluter. In fact,Jesus exhaled that evil gas thereby making him a sinner because he contributed to the pollution of the Creators creation. The insanity we are witnessing in congress and the presidency goes far beyond the flesh. We are indeed engulfed in a battle between powers and principalities of the air. Evil is gathering forces. Its fate is certain. Take heart. They may kill the economy but they won't kill God!!

16 posted on 06/30/2009 2:45:52 PM PDT by Murp
[ Post Reply | Private Reply | To 8 | View Replies]

To: Murp

Note: this bill will come up for consideration in the heat of the summer. Every record high temperature will be publicized at that time.


17 posted on 06/30/2009 3:22:05 PM PDT by aimhigh
[ Post Reply | Private Reply | To 16 | View Replies]

Comment #18 Removed by Moderator

To: Red Steel
The gop was rendered impotent today with Franken’s so-called win so the gop need to do nothing except vote NO and then blame everything that goes wrong on the Rats.
19 posted on 06/30/2009 3:41:46 PM PDT by tobyhill
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jacquerie
The dominoes are Cap’n Trade, VAT and Obamacare.

And amnesty.

20 posted on 06/30/2009 7:43:26 PM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
[ Post Reply | Private Reply | To 7 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson