William Galston thinks cap and trade may be doomed:
Support for environmental legislation is strongest on the coasts, weakest in the interior areas that depend more heavily on coal-fired power plants. The Midwest, which has already been hit hard by the collapse of manufacturing, would take a second blow. This matters because the Democratic Party is an uneasy coalition between the coasts and the interior, symbolized by bitter fight between Henry Waxman and John Dingell for the chairmanship of the House Energy and Commerce Committee. It is hard to imagine Midwestern Democrats voting for cap-and-trade in current economic circumstances, and perhaps not in any economic circumstances--that is, unless they receive credible assurances of dollar-for-dollar offsets against the higher costs their constituents would have to bear.