McCAIN’S PRIORITIES….“Will McCain Abandon Cap and Trade?” asks Matt Yglesias. The short answer, of course, is yes. The slightly longer answer is that I think the question is ill formed. Cap-and-trade is one those enormous, mega-complex, special-interest magnets that’s almost impossible to pass no matter how committed you are to it. Getting it through Congress will take an enormous amount of political capital, and I wouldn’t even bet on Barack Obama making it a high enough priority to push it through.
As for John McCain, it wouldn’t even be in his top ten. Technically speaking, then, he might never officially “abandon” it, but practically speaking, there’s never been the slightest chance that even his watered-down version of cap-and-trade would ever see the light of day. He just doesn’t care enough about it.