May 26, 2009: YouTube - Kudlow Blasts Cap and Trade

CNBC's Larry Kuldow Blasts Obama's cap and trade energy policy.

MPR: Climate bill still faces tough road, despite Peterson's support

But even with the changes, not all farm groups support the legislation. The American Farm Bureau applauded Peterson's efforts, but said the bill is still flawed. The group fears it will raise the cost of energy and hurt U.S. farmers on world grain markets.

William Yeatman with the Competitive Enterprise Institute in Washington, which opposes the bill, says those sorts of concerns are still widespread in the House.

"For freshman Democrats, for moderate Democrats, this is a dangerous vote," he said.

Yeatman says if it turns out the legislation increases energy prices, anyone supporting the measure could pay a price at election time.
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A coalition of environmental groups, including Greenpeace and Friends of the Earth, now oppose the measure. They say the deals have weakened the bill so much that it won't cut pollution enough to avoid major climate change.