Lieberman-Warner Cap and Trade Bill Headed for Defeat

Looks like its support is splintering:

Without widespread corporate support, passage of the bill – already a long shot at best – becomes even more unlikely this year. President Bush remains opposed. House Democrats have been slow to act.

From CNN Money.

According to the WSJ even Hillary and McCain are likely to stay away from it. Voting to increase your local energy prices due to a flawed cap and trade carbon tax scheme which will create 5 new government bureaucracies is never a good thing for somebody trying to get elected.

Even with chances of passage dwindling, write your senator to tell them how you feel about it.

 

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17 thoughts on “Lieberman-Warner Cap and Trade Bill Headed for Defeat

  1. Holy smokes, a breath of fresh air. Let this be the high tide of the carbon dioxide nonsense. Great Britain is helping with their demonstration of buyers’ remorse over their taxing schemes.
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  2. Heck, with inflation heating up, the economy slowing, Europeans protesting high energy taxes, people rioting over food, temperatures cooling and no science to support the properaterous AGW theory, you’d think politicians would pass this bill with flying colors! Since when does anyone expect them to do the right thing?
    “The difference between stupidity and genius is that genius has limits.”
    Lets hope that the politicians do indeed get it right this time and bury this Bill of Stupidity.

  3. There’s a typo in the title: it says Leiberman instead of Lieberman.
    REPLY: Thanks fixed

  4. The environmentalists are going to be defeated eventually by worldwide outrage and protests that are now spreading in Europe about fuel costs that are inflating other commodity costs and starting to decimate world economies. Eventually the U.S. public will join these protests as the poor will be the first to be sacrificed by the abject stupidity of Congress in not allowing drilling for oil and natural gas on government lands for over two decades whether onshore, offshore, or in Alaska and converting coal to oil liquids and gas. We have two major enemies the terrorists who want to kill us and our Congress that is trying to destroy our economy!

  5. Don’t worry. I’m sure it will added as a rider to the next “support our troops” war funding bill and will pass with a patriotic fervor.

  6. The environmentalists are going to be defeated eventually by worldwide outrage and protests that are now spreading in Europe about fuel costs that are inflating other commodity costs and starting to decimate world economies.
    The liberal side of the opposition being: How many thousands of children are you willing to starve (100% certainty) per polar bear (possibly) saved in the distant future?

  7. My plausible scenario is that a few years of global cooling will put an end to global warming alarmism. The alarmists will probably come up with some made to order peer-reviewed science that shows that the sharp cooling is due to increased CO2. The new alarmist slogan will be “It’s climate change not global warming”. The sharp cooling can’t be accounted for by natural changes, yada, yada, yada…

  8. All those people ignorantly touting the Precautionary Principle are going to be learning about lost opportunity costs.
    ====================

  9. BRUCE, I’ve sent letters to my senators (Snowe & Collins). I don’t think they can read… and their staffers haven’t graduated yet. FYI Collins claims to have “seen” global warming and Snowe’s #1 priority is mosquito preservation on the “pristine North Slope.
    ECONN, I’ll make you a bet that the poor aren’t the first to be sacrificed. They’ll always have food stamps, welfare, free medical, heating assistance, etc., etc.
    It will be the middle class starting with the newly arrived then working up the ladder to the aspiring rich.

  10. I think that humans are becoming the endangered species because of not being able to explore and drill for energy because of so called endangered species and
    archaeological sites.

  11. Novoburgo you are probably right as they are already talking about increasing the food stamp program but there will be a tipping point! However, if we enter another minimum in a few years they will need more food stamps for eating to maintain body heat as they do when living above the 54th parallel.

  12. ONE MORE TIME! Dems and repubs are not the enemy. People from both sides of liberal and conservative thinking have fallen for GW, as in global warming, not George Bush (but that is also true, not that I think he is evil, just a bumbling idiot). Speaking of, even GW has fallen for the sound bites. And let’s not forget that all this GW stuff and the supposed ban on drilling came on when Republicans were in legislative control of both houses.
    The primary reason for fuel price instability has been the lack of refineries capable of refining all kinds of oil grades. Why? Two reasons: There is no stockholder profit in building or expanding. Second reason: The price of low grade crude HAS to increase before low grade crude refineries will be built. It is comparatively VERY expensive to extract low grade crude, let alone refine it. And stock holders just won’t stand for pennies on the dollar for their dividend.
    Folks, market forces are at work here, not some sinister tree hugging environmentalist. There tain’t no oil under virgin forests anyway and Anwar isn’t a significant source. The vast low-grade crude is under land that has seen plenty of human contact or is miles deep under mountains between Canada and the US near Alberta and the Dakotas. It’s just so damned hard to take it out of the ground. However, for those of you who think we can extract this stuff, are you saying that we should blow up an entire mountain to ground level, then dig further with what precious fuel we have left? I don’t see that happening anytime soon. Everyone is complaining about an electric car not being really efficient (production cost, battery pollution, sucking electricity). You should see how inefficient low grade crude production is right now. When sweet oil hits $200 a barrel, we MIGHT see SOME oil (besides Shell) companies looking at rocks and planning on where to dump a mountain of debris plus whatever comes out of the pitmine.
    On the bright side, when profits can be made, some person with a better idea will come along and figure it all out.

  13. This bill is not correctly named. It should be named Enron II, or better yet, The Al Gore Enrichment Act. With Al Gore’s funds that are focused on cap and trade deals, passage of this act will benefit him greatly. And if the Democratic Party wins large this November, we can expect that passage of this act will follow next year.
    What’s truly horrifying is what this will do to low and middle income Americans as the hidden taxes this act represent work their way through the economy, just as the coming decades cool dramatically due to solar inactivity. With such cooling in place, demands for energy will surge as will the hidden taxes that will accompany such demands. And, as a ‘solution’ to the suffering of the low and middle income Americans, expect further taxation to support new programs to rescue those suffering from the foolishness, rather than repealing the misguided action.

  14. Pamela: It would help if the refineries didn’t have to make about 50 different grades of gasoline to meet all the local political warlords’ demands. This bill may die in the current session, but it is sure to return next year. With the likely shift in power, it may well pass.
    Unless we have a really bad winter.
    It’s all about money.

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