“He wants to have something that he will be able to implement (as president),” Holtz-Eakin said. “His view of the lay of the land is that (his) cap-and-trade (proposal) has political viability.”
Wide open about cap and trade here. McCain’s becoming an Obama.
Days ago McCain complains Obama and Clinton are not talking about “climate changes” (i.e., cap an trade) enough. Now his peeps are floating the idea only a Republican president could get this through.
This tells us that McCain is desperately seeking Wall Street money and tacitly arguing it should go to him rather than the Dems.
Which is what makes him so dangerous.
“Credits?” Looks like McCain has been hanging out a bit too much with AG. From the article:
The bill would also establish a “cap and trade” market in carbon emissions. Companies that exceeded their required emissions reductions could “sell” their leftover allowances to other companies, allowing them to meet their goals. The overall cap in emissions would be gradually tightened.
McCain touts cap-and-trade programs as the best way to reduce emissions overall. He rejects a simple tax on carbon emissions, an idea favored by many greens.
He also calls for renewed investment in nuclear power, which produces no greenhouse gases. The McCain-Lieberman bill includes an estimated $3.7 billion in subsidies, the money coming from auctioning carbon permits.