The take on the defeat of the Cap and Trade bill

Jennifer Marohasy has a nice roundup of comments about the resoundingly defeated Cap and Trade bill that would have put serious economic hurt on the USAs businesses, would have made a few people very wealthy (Al Gore is heavily invested) and would have made little or no change in our current cooling climate. Here is one of her excerpts:

Wall Street Journal � Climate Change Collapse � June 06, 2008.

Excerpt:
Environmentalists are stunned that their global warming agenda is in collapse. Senator Harry Reid has all but conceded he lacks the vote for passage in the Senate and that it's time to move on. Backers of the Warner-Lieberman cap-and-trade bill always knew they would face a veto from President Bush, but they wanted to flex their political muscle and build momentum for 2009. That strategy backfired. The green groups now look as politically intimidating as the skinny kid on the beach who gets sand kicked in his face. Those groups spent millions advertising and lobbying to push the cap-and-trade bill through the Senate. But it would appear the political consensus on global warming was as exaggerated as the alleged scientific consensus. "With gasoline selling at $4 a gallon, the Democrats picked the worst possible time to bring up cap and trade," says Dan Clifton, a political analyst for Strategas Research Partners. "This issue is starting to feel like the Hillary health care plan."

Heh... I love that line: The green groups now look as politically intimidating as the skinny kid on the beach who gets sand kicked in his face The rest of the excerpts are just as good. You can read the Wall Street Journal article in full here.