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...fair, no one ever called Lieberman-Warner itself inevitable. Sponsored by Independent Democrat Joe Lieberman of Connecticut and Republican John Warner of Virginia, and taken to the floor by Democrat Barbara Boxer of California, the liberal chairman of the Senate Environment and Public Works Committee, the bill was never given much chance of passage. Its carbon-reduction targets were tougher than the business community wanted, but not as tough as many greens demanded. And it was complicated, even bloated - it would have raised $6.7 trillion over 40 years by auctioning global warming pollution permits, using great gobs of that money...

Author: /time Magazine | Title: Why the Climate Bill Failed | 6/9/2008 | See Source »

Just about every Senator who spoke last week, Democrat and Republican alike, wanted to be on record saying that climate change is real and must be dealt with. But far too few were willing to debate the solutions to the crisis, because the opposition has found a new, well-fortified position. It argues that the U.S. can't adopt a cap on carbon emissions (at least not this one) because it would drive up energy prices and wreck the economy...

Author: /time Magazine | Title: Why the Climate Bill Failed | 6/9/2008 | See Source »

...fact, the Republican leadership spent last week trying to create not just a new litmus test for climate action but a new third rail for American politics: It wants any climate bill that causes the slightest increase in energy prices to be seen as a non-starter. "Any action should not raise the cost of gasoline or energy to American families," said Oklahoma Senator James Inhofe, the longtime leader of the denial-and-delay crowd, and his words were echoed by many others. That's an impossible standard to meet, and if the Republicans succeed in establishing it, Congress...

Author: /time Magazine | Title: Why the Climate Bill Failed | 6/9/2008 | See Source »

...increase in gasoline prices each year between now and 2030, according to an EPA report, in return for deep reductions in gasoline consumption. But with gasoline at $4 a gallon and rising, this was a terrible time to ask panicky voters to think about such a deal. And the Republican leaders were only too happy to exploit the high cost of energy. A G.O.P. strategy memo made public by Democratic leader Harry Reid summarized it this way: "The goal is for a theme (example: climate bill equals higher gas prices) each day, and the focus is much more on making...

Author: /time Magazine | Title: Why the Climate Bill Failed | 6/9/2008 | See Source »

...Missouri Senator Kit Bond, the ranking Republican on the committee, furiously wrote in his minority opinion, that the report was a blatant attempt by Democrats to politicize what turned out to be nothing more than bad intelligence on the part of the C.I.A. "We have been forced to waste countless man-hours to show what we and the American people already knew four years ago, that policymakers' statements turned out to be wrong after the war because the statements were based on flawed intelligence. The Committee's Phase I report, which investigated that intelligence failure and explained how it happened...

Author: /time Magazine | Title: The Skimmer: Senate Report on Prewar Intelligence | 6/6/2008 | See Source »

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