Good News for Cap and Traders

The very busy folks at Media Matters Action are promoting a new report that says the president's energy bill would only cost Americans 23 cents a day--far less than critics of the bill have charged. The report comes from the administration itself, specifically the Department of Energy's Energy Information Administration. So critics will probably continue to carp no matter what but it does add grist for those who are arguing that the bill is not a jobs destroyer. So far the summer has not been a great one for climate change activists on the left. The G-8 failed to come to a significant agreement and the president's measure remains in trouble. That said, the issue isn't going away. Today there were reports that ocean temperatures had risen to their highest levels in recorded history.

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Matthew Cooper is a managing editor (White House) for National Journal.

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