Mitt Romney took a shot at the Democrats' climate bill today in a web video launched by his Free and Strong America PAC, Romney's political fundraising and action group.
"President Obama has asked Congress to pass a cap and trade program. It would have a devastating impact on the families of America and on the economy," Romney says.
Cap-and-trade--the emissions regulation scheme under which greenhouse gas emissions would be capped, but emitters would be allowed to trade or purchase credits to emit more--has stalled in the Senate after the House narrowly passed it (on a 219-212 vote) in June. It's one of Obama's three major domestic policy priorities, along with health care and education, and it has received a split reaction in the business community, as Apple recently resigned from the Chamber of Commerce, and Nike resigned from the Chamber's board, over the Chamber's opposition to Democratic plans.
Romney, ever attuned to the dynamics of international competition, leveled two oft-repeated criticisms: that it would drive up energy costs for Americans, and that it would leave America's economy at a disadvantage to other countries with less stringent emissions regulations.
"And because cap and trade simply moves greenhouse gas emitters from America to other nations like China and India that don't participate in the program, it wouldn't do a thing to affect the climate of the overall planet," Romney said.