Cap and trade goes byebye?
Since like Hussein Obama wouldn’t get everything he wanted according to Hotair. George Stephanopolous reported yesterday that Senate Democrats forced Barack Obama to choose between two break-the-bank policies for this year. Hussein Obama apparently ‘traded’ the cap-and-trade in order to get started on a massive overhaul of the nation’s health-care delivery system. Stephanopolous calls this a “scorpion in the bottle” problem:
When the White House released its budget, I said the president’s effort to reform health care and cap carbon emissions were “scorpions in a bottle” — only one could make it through Congress this year.
This week, the White House and House Democrats made their choice: health care is the survivor.
As the Wall Street Journal and Washington Post have reported, House Democrats (backed by the White House) plan to write a budget resolution that allows health care to be passed by a simple majority (through the so-called “reconciliation” process) if a bipartisan compromise isn’t reached by September.
Cap and trade will not get the same budget protection, and there are nowhere near 60 votes for it. Keeping it out of the reconciliation process recognizes reality: Congress can’t pass it in the middle of a recession.
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