Breaking: Senate postpones cap-and-trade
posted at 1:33 pm on July 9, 2009 by Ed Morrissey
The Washington Post reports that the Senate Environment and Public Works Committee will hold off on consideration of the House cap-and-trade bill until September at the earliest:
President Barack Obama’s push for quick action by Congress on climate change legislation suffered a setback on Thursday when the U.S. Senate committee leading the drive delayed work on the bill until September.
Senate Environment and Public Works Committee Chairman Barbara Boxer said her self-imposed deadline of early August for finishing writing a bill to combat global warming has been put off until after Congress returns from a recess that ends in early September.
“We’ll do it as soon as we get back” from that break, Boxer told reporters. Asked if this delay jeopardizes chances the Senate will pass a bill this year, Boxer said, “Not a bit … we’ll be in (session) until Christmas, so I’m not worried about it.”
But Boxer did not guarantee Congress will be able to finish a bill and deliver it to Obama by December, when he plans to attend an international summit on climate change in Copenhagen.
Two weeks ago, when the House barely pushed this through a vote, Barack Obama’s poll numbers still looked good enough to imply that there may not be consequences for hobbling the economy with ludicrous taxes, fees, and penalties for energy production. With his poll numbers eroding quickly and the electorate losing patience with high unemployment and Porkulus’ failure, that doesn’t seem like a safe bet any more. As the economy continues to drag, cap-and-trade will look more like a disaster than the mythical one it purports to avoid.