Word: hagel
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...Including caps on carbon dioxide emissions as part of a multiple emissions strategy would lead to an even more dramatic shift from coal to natural gas for electric power generation and significantly higher electricity prices," Bush wrote in his March 13 letter to Chuck Hagel informing Congress of his change in policy. A few days later, Christie Whitman (whose own wishful thinking had probably gotten Bush into the mess in the first place) finally climbed on board, telling the National Press Club the country was "in the midst of a national energy crisis - this is a long way from being...
...Right. The question is, what does this bill look like when it's finished - and whether Bush will sign it. With Bush in the White House, if this thing goes in looking like McCain-Feingold and gets so adjusted that it looks more like the Hagel bill every day, then it's very likely we'll have some kind of campaign finance reform. (Nebraska Senator Chuck Hagel is promoting a softer soft-money bill...
...really know. Bush would probably prefer that nothing come out of the Senate at all, and after that he'd much rather have watered-down reform like Hagel's. But there's also the option of signing some version of McCain-Feingold, and letting it be tested by the courts, on the theory that it would be ruled unconstitutional on free-speech grounds...
...more contenders in the next two weeks of free-for-all debate on the Senate floor. The prize, as always, is votes. McCain is trying to keep Democrats from bolting as he tries - for real this time - to erase the one money edge they have over the Republicans. Hagel and Bush are wooing wafflers with the political cover of a watered-down version, possibly (more gossip) in exchange for tax-cut votes. Even Mitch McConnell, reform's staunchest bogeyman, has a proposal - a shutoff mechanism for the soft-money ban if the outside advertising provision is found to be unconstitutional...
...test the instinct of the Democrats for self-preservation. Soft money is the Democrats' bread and butter, and now that it might really be taken away, members - after lining up loudly behind McCain to a man in years past - are scattering. Louisianan John Breaux has already sided with Hagel. Bob Torricelli is making similar noises. More will follow when it comes time to fish or cut bait...