JANUARY 12 / Still no cap, still no trade

WITH the postnuptial glow of Obamism still burning bright, the Houston Chronicle in May 2009 declared that Congress had "made up its mind that there will be a price on carbon dioxide, most likely via a cap-and-trade system." Unca D sniggered. Then on December 31, 2009, sniggered again. And today . . .

. . . sniggers for yet the third time, remembering his hypothetical wager that 2010 would end without cap-and-trade.

Congress has indeed made up its mind about this subject.

Unfortunately, the Environmental Protection Agency is now attempting to do by fiat what Congress and the American people have clearly rejected.