James Pethokoukis

Tea Party’s other big win: death of cap-and-trade

November 5, 2010

Looks like Tea Party America has busted a cap in cap-and-tax. Following sweeping Republican election victories, President Barack Obama has conceded his cap-and-trade plan to cut carbon emissions is dead for the foreseeable future. “I think there are a lot of Republicans that ran against the energy bill that passed in the House last year, Obama said at a Nov. 3 press conference. “And so it’s doubtful that you could get the votes to pass that through the House this year or next year or the year after.”

Raise taxes by $751 billion to save $19 billion

July 8, 2010

Kevin Williamson of National Review doesn’t think much of the CBO report that finds a climate change bill would reduce the deficit by $19 billion:

Obama’s clean energy pivot goes awry

June 16, 2010

Imagine if your local fireman started lecturing you on fire safety and the need for more research into advanced flame-retardant materials while your house was engulfed in flames. (“Dude, shut up and save my dog!”)

Bill Gates’ Big Government plan for clean energy ‘miracle’

June 14, 2010

Bill Gates and a bunch of other top corporate executives want Uncle Sam to spend a lot  more on clean energy research and development. Here’s why:

Create jobs, don’t go green

April 6, 2010

As usual, Joel Kotkin nicely encapsulates the problem at hand:

Now the question is whether the president can refocus on jobs. This will take, among other things, backing off the economically ruinous climate change agenda. Even the most gullible economic development officials are beginning to realize that “green jobs” are no panacea. In fact, as evident in Spain, Germany and even Denmark, over-tough green legislation can destroy the productive capacity of the most enlightened industries. Similarly in green strongholds like California and Oregon, the mounting climate change jihad could slow and even explode the incipient recovery by imposing ever more draconian regulation on businesses that can choose to migrate to less onerous locales.

Drill, baby, drill — at least in some places

March 31, 2010

The new POTUS offshore drilling plan may be more aggravating for what it does not include (drilling in the Pacific, for instance) than pleasing for what it does. And as the Houston Chronicle points out:

Problem with cap-and-trade is substance, not style

March 11, 2010

Washington is obsessed with optics and messaging. Indeed, U.S. proponents of limiting carbon emissions hope rebranding their “cap-and-trade” proposal as “pollution reduction” will boost the flagging proposal on Capitol Hill. But the real problem is the product, not the packaging. There are far more politically feasible and economically effective ways of dealing with climate change.

Obama bails on ‘cap-and-trade thing’

February 3, 2010

President Barack Obama is now calling the carbon trading scheme that is supposed to heal the planet a “cap-and trade-thing.” That can’t be a good sign for the concept.

Copenhagen a eulogy for US cap-and-trade

December 22, 2009

I have been saying for some time that I do not think Congress is going to pass cap-and-trade in 2010, or probably ever. (I think the threat of EPA action is empty given the flurry of litigation that would surely follow.) My Reuters news pals seem to agree somewhat and paint an alternate scenario:

While Obama talks in Copenhagen, support in US crumbles

December 18, 2009

Here is what the POTUS told COP15:

I believe we can act boldly, and decisively, in the face of a common threat. That’s why I come here today — not to talk, but to act.