FT.com / Columnists / Clive Crook - Obama is choosing to be weak

The problem is that the bills emerging from Congress are bad and Mr Obama does not seem to mind.

The cap-and-trade bill is a travesty. Its net effect on short- to medium-term carbon emissions will be small to none. This is by design: a law that really made a difference would make energy dearer, hurt consumers and force an economic restructuring that would be painful for many industries and their workers. Congress cannot contemplate those effects. So the Waxman-Markey bill, while going through the complex motions of creating a carbon abatement regime, takes care to neutralise itself.

It proposes safety valves that will ease the cap if it threatens to have a noticeable effect on energy prices. It relies heavily on offsets – theoretical carbon reductions bought from other countries or other industries – so that big US emitters will not need to try so hard. It gives emission permits away, and tells utilities to rebate the windfall to consumers, so their electricity bills do not go up. It creates a vastly complicated apparatus, a playground for special interests and rent-seekers, a minefield of unintended consequences – and the bottom line for all that is business as usual.

Climate bill shaped by compromise - Los Angeles Times

Facing a mood unfriendly to sweeping changes in energy policy, House Democratic leaders and Obama had one thing that made interest groups more receptive: They were willing to negotiate.

Buchanan: Climate Bill Is Transfer Of Wealth To World Government

During an appearance on MSNBC, political commentator Pat Buchanan correctly defined the “Climate Bill” for what it really is, not just a new tax on the American people, but a complete transfer of power and wealth to a global government that is using the manufactured fear of global warming to grease the skids for total domination.

Referring to the passage of the climate bill and global warming in general, Buchanan said that the legislation was passed through the use of fear and that, “More and more scientists are coming forward to say this is a hoax and a scam which is designed to transfer wealth and power from the private sector to the government sector and from the government of the United States to a world government. Which is what we’re going to get in Copenhagen when we get this Kyoto two agreement.”