It seems that cap and trade legislation is crucial to the survival of the planet — just not in an election year.
Democrats in congress are speaking out and sending a message to President Obama and Harry Reid that attempting to pass cap and trade legislation in an election year wouldn’t be smart.
It leads to the obvious question: If cap and trade is such a great idea, why do the Democrats have to carefully time the passage of legislation to avoid a backlash on election day?
Politico reports on the message Democrats in Congress are sending to the President:
Fearful of a backlash against the costly healthcare overhaul and bracing for huge losses in the 2010 elections, Democratic leaders are urging the Obama White House to abandon efforts to pass a cap-and-trade bill next year.
“I am communicating that in every way I know how,” Sen. Mary Landrieu, D-La., told Politico. She’s one of at least half a dozen Democrats who’ve told the White House or their own leaders that “it’s time to jettison the centerpiece of their party’s plan to curb global warming,” Politico reported.
“I’d just as soon see that set aside until we work through the economy,” said Nelson, D-Neb. “What we don’t want to do is have anything get in the way of working to resolve the problems with the economy.”
“Climate change in an election year has very poor prospects,” added Sen. Kent Conrad, D-N.D. “I’ve told that to the leadership.”
“In an election year”? Maybe Senator Conrad and other Democrats should consider ‘why’ it has ‘poor prospects’ in an election year. If it was a good idea – a good bill — they wouldn’t have to worry about making sure there was enough time between the passage of the bill and their re-election campaigns.
As always, Ed Morrissey of Hot Air sums it up nicely:
The very last thing the American economy needs is a new set of massive taxes on energy production. Energy costs are multipliers in the distribution chain, and price hikes would cause prices to escalate rapidly on almost every product for sale in the US. We would have runaway inflation at the same time we would have either negative or anemic growth, hardly a combination that wins elections for the party in power. And that doesn’t take into account the regional electoral issues in states that rely on coal for their economies — states like Indiana, Pennsylvania, West Virginia, Arkansas, and Ohio, who have Democrats representing them in the Senate … for now.
The price escalation is what I have been trying to explain to people all year. A cap and trade tax will not just make your heating, air comditioning and gas more expensive, but will go far beyond. That Turkey you bought last week will cost more next year. The potatoes that you mashed will cost more. The computer you are reading this article on will cost more. Every product you buy or service you use, will cost more.
If the cost of energy goes up, then it will cost more to manufacture products and more to ship those products. Who pays? President Obama and the rest of the gang of three (Reid and Pelosi), would want you to believe that it would come out of the profits of the evil corporations, but that simply isn’t true. Consumers will pay for it in the form of across the board price hikes.
There have been some estimates that put the cost per household in the $4,000 a year range, when looking at both the increase in taxes that will be paid directly by American families and the increased costs of goods (due to the taxes that manufacturers, shippers, etc. will pay).
What Democrats like Senator Conrad are saying is that passing legislation that will cost American families $4,000 a year is a good thing, just not in an election year. Some would argue that imposing legislation based on dodgy, possibly doctored, science that will cost American families thousands of dollars a year, is never a good idea.