Democrats retreat on Climate Change AKA Cap and Tax

Big Surprise There!

Via BloomBerg:

Aug. 14 (Bloomberg) — The U.S. Senate should abandon efforts to pass legislation curbing greenhouse-gas emissions this year and concentrate on a narrower bill to require use of renewable energy, four Democratic lawmakers say.

“The problem of doing both of them together is that it becomes too big of a lift,” Senator Blanche Lincoln of Arkansas said in an interview last week. “I see the cap-and-trade being a real problem.”

The resistance by Lincoln and her Senate colleagues undercuts President Barack Obama’s effort to win passage of legislation that would cap carbon dioxide emissions and establish a market for trading pollution allowances, said Peter Molinaro, the head of government affairs for Midland, Michigan- based Dow Chemical Co., which supports the measure.

“Doing these energy provisions by themselves might make it more difficult to move the cap-and-trade legislation,” said Molinaro, who is based in Washington. “In this town if you split two measures, usually the second thing never gets done.”

The House passed cap-and-trade legislation in June.

Leaders of the Democratic-controlled Senate say they are sticking with their plan to combine a version of that bill with a separate measure mandating energy efficiency and the use of renewable sources such as solar and wind power. The legislation also provides for an extension of offshore oil and gas drilling in certain areas, broadening its support.

Reid’s Comment

“I don’t think we are going to take to the Senate floor a bill stripped of climate provisions,” Senate Majority Leader Harry Reid, a Democrat from Nevada, told reporters in Las Vegas on Aug. 11.

The reason this is happening is because the Democrats know that they are losing their support; because of the health-care issue. The poll numbers for the President and Congress are nosediving; so, the Democrats are scaling back. Smart move, if you ask me. They could totally lose their standings, which I predict will happen. 2010 will tell the story. You watch and see.

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