Cold Feet on Climate … and the EPA
Dan Holler /
Yesterday, as if he knew the results of the Massachusetts Senate race, retiring Senator Byron Dorgan (D-ND) ruled out the possibility of the Senate considering a cap-and-trade bill. The reluctance of the Senate to take up a comprehensive global warming bill coincides with increasing public skepticism. Despite these obvious warning signs that global warming policies are quickly becoming a third rail in American politics, intelligent insiders suggest the President will continue to emphasize cap-and-trade and its job creation ability in his State of the Union Address next week.
Of course, readers of the Foundry know that cap-and-trade does not create jobs – it destroys them. Heritage found that the House-passed cap-and-trade bill would result net job losses approaching 1.9 million in 2012 and 2.5 million by 2035.