Investor's Business Daily
November 4, 2010
Environment: Standing amid the smoking ruins of Tuesday's defeat, President Obama indicates he's backing away from a cap-and-trade law. But as great as that news is, someone still needs to watch the backdoor.
It's been said that a socialist thrown out the window will come back through the front door as an environmentalist. This reminds us of something we noticed in the president's day-after concession speech.
Though acknowledging the cap-and-trade law is no longer a legislative priority, Obama also said he's not giving up on the idea of restricting Americans' output of carbon dioxide.
"Cap-and-trade was just one way of skinning the cat," he said at Tuesday's news conference. "It was a means, not an end. I'm going to be looking for other means to address this problem."