President Obama announced a plan for offshore drilling today. Marc Ambinder says it's a pretty solid win for the administration. I agree. I think this is going to breathe new life into cap and trade in a big way. I can almost hear the President discussing this with the increasingly fringe-leary Republicans... "You get on board with cap and trade and you can go home bringing a partial victory on one of your party's bread and butter issues."
Ambinder says "for a Democratic president, this is a pretty gutsy move to open the public debate about an energy bill. Or, well, maybe it's not: it's high-reward, low-risk; environmentalists will complain, but then again, environmentalists complain. Aside from the substance, which is beyond our ken, the politics of this move is easy: with one fell swoop, Obama deprives Republicans of the major talking point they'd use to object to more expansive government-based climate remediation and energy prospecting policy."
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