The big day has arrived for the Waxman-Markey climate bill, expected to go to the floor for a vote in the House today. A quick perusal of the Op-Ed pages this morning adds little to the debate.
NYT and The Boston Globe both offer tepid – and somewhat mournful – endorsements of the legislation, citing its symbolic significance while noting the well-publicized giveaways and leaning heavily on CBO and EPA studies out this week that downplay consumer cost increases as a result of carbon charges. A lot of “the costs of inaction, of clinging to a broken energy policy, will dwarf the costs of acting now” kind of palaver in both. Quite frankly, they are so superficial as to be disappointing — kind of like the bill itself in the minds of many.