July 27, 2010
July 23, 2010Foreign Policy
The U.S. economy killed the climate bill. Its main accomplices were congressional Republican obstructionism, an anemic White House effort, and misplaced reliance on industry and environmental interest groups to deliver votes.
In January 2009, when President Barack Obama was inaugurated, the smart money on cap and trade was betting on a climate bill just as soon as U.S. employment recovered. That, in most people's minds, meant that we'd have to wait until 2011 or so for a bill. That basic logic hasn't changed. Indeed, things have only gotten worse.