June 26, '09: Special Report' Panel on Climate Change Bill Debate - Special Report w/ Bret Baier - FOXNews.com

[CHARLES KRAUTHAMMER] Look, this bill is so bad it's almost indescribable. It starts with what we heard Eric Cantor say. In principle, it's a carbon tax. And to do it — which is probably the largest tax in American history — and to do it in the middle of a recession is quite insane.
...
NINA EASTON, WASHINGTON BUREAU CHIEF, "FORTUNE" MAGAZINE: This is a lot of drama about not a lot, because it's not going to go anywhere in the Senate.

And the fact that you're looking at the House, which it's so far to the left of the Senate, and you're having to buy off the farm states, you're having to — there are these giveaways — not give giveaways, these free pollution rights to utility co-ops. They're trying to buy off farm state senators.

There is just no way that they are going to get anywhere in the Senate, which was already concerned about this.

One of the other ironies I would add to all of Charles' list in the sort of giveaways that are in this bill is Wall Street. I mean, you're going to be trading pollution rights essentially.

Well, who is going to be running the trading of those pollution rights? Wall Street, the same place that you have been bashing, the House of Representatives has been bashing them for six months. They will creating markets in this and the futures markets in this.
...
JUAN WILLIAMS, NEWS ANALYST, NATIONAL PUBLIC RADIO: They're having terrible trouble, and they're whipping people hard, and they're having to make the concessions that we just heard referenced, because what they want to do is have a win in pocket at any cost at this point.