Midterm election results could mean bad news for climate change, renewable energy legislation - Yahoo! News
Midterm election results could mean bad news for climate change, renewable energy legislation
Amanda Carey - The Daily Caller Amanda Carey - The Daily Caller – Mon Oct 4, 1:54 am ET
The political winds do not bode well for renewable energy and climate change policy.
Sure, President Obama told Rolling Stone that “we’re going to stay on this [energy policy] because it is good for our economy, it’s good for our national security, and, ultimately, it’s good for our environment,” but what does it matter if members of Congress don’t feel the same passion to pass an Obama-style energy plan?
Advocates for cap and trade legislation spent an agonizing summer watching the Kerry-Liebermann bill go up in flames in the Senate. Despite the massive lobbying by environmental groups and the fact that Democrats hold a majority in Congress, cap and trade died in the Senate for the fourth time since 2003.
Last year, the House did manage to narrowly pass their version of cap and trade – also known as Waxman-Markey – but that bill got so bogged down with exemptions and concessions for utilities and oil companies that its net impact was less than ideal for most environmental advocates.
I am confused as to how the Democrats energy policy is "good" for the economy. It will surely raise prices on consumers who will then have much less money to spend and stimulate the economy by purchasing manufactured goods.