Word: caps
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...There's always the chance that some new issue - immigration? Iran? cap and trade? something nobody has thought of yet? - will blow up and bring the GOP back to life. Maybe one of the new GOP chin-stroking groups will come up with some killer new ideas to help the party reconnect with ordinary Americans. But Republicans know their best hope for recovery, whether they say it like Limbaugh or merely think it, is Democratic failure. Now that Democrats control both Congress and the White House, hubris is a real possibility; it's hard to imagine Obama floating his pitiful...
...likely to support broader legislation. But the clunker proposal's passage is no indication that the broader bill will have an easy time of it. A rare win-win for industry and the environment, it didn't require any of the the trade-offs being discussed to pass the "cap and trade" measure at the center of the House global warming bill. Introduced April 1, the measure would require all sources of warming gases - produced by the burning of coal, oil and natural gas - to cap their emissions at 20% of 2005 levels by 2020. If they exceed their limits...
...abundant fear that tougher standards would fall disproportionately on coal-fired utilities, forcing a shift to less polluting but more costly natural gas - and a spike in household electric bills. They are asking Waxman to grant free pollution credits to those utilities as well as to raise the cap and stretch out the timeline for reduction of warming gases until technology is developed to capture them. Representatives of energy-intensive industries that have global competition - steel, aluminum, concrete, chemical and pulp and paper - are seeking credits if they produce less carbon dioxide per ton of output than the international average...
...Iran, however, is not currently in the process of directly hijacking an election. The Saudi bribes are also a breach of Lebanese electoral laws, which forbid the outright purchasing of votes and place a cap on the spending of candidates in the two months prior to an election...
...danger is that he will be forced to use his political capital on this rather than the economy, health care, cap and trade, education, immigration, etc," says James Thurber, director of American University's Center for Presidential and Congressional Studies. "It sets yet another agenda item for him in a very crowded list of priorities...