Dems Yank Climate Bill

Politico reports:
Apparently three days of debate was enough for what many senators called "the most important issue facing the planet."

With little chance of winning passage of a sweeping 500-page global warming bill, the Senate Democratic leadership is planning to yank the legislation after failing to achieve the 60-vote threshold needed to move the bill to the next stage. After a 48-36 vote on the climate change bill, the Senate is likely to move on to a separate energy debate next week.

The legislation collapsed for a variety of reasons, not the least of which was the poor timing of debating a bill predicted to increase energy costs while much of the country is focused on $4-a-gallon gas. On top of that, a number of industrial state Democrats like Sen. Sherrod Brown of Ohio were uncomfortable with the strong emissions caps that would have created a new regime of regulations for coal, auto and other manufacturing industries. Republicans, for the most part, held firm against a bill they said would cost billions in regulations while pushing the cost of gas higher.
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