Obama's Ulterior Oil Motive: You Scratch my Back and I Will Scratch Yours Cap and Trade Move

Obama just signed into law $3 trillion in new taxes in the healthcare reform law. $600 plus billion more in new taxes are sitting in the Senate waiting on the passage of cap and trade. Obama is looking for bipartisan support for cap and trade, and it's quite possible the deal has already been made.

That deal may already made in the trade off for limited domestic oil exploration on selected coasts (obviously a Virginia Senator is involved) for cap and trade. From Fox News today, “The president is throwing a bone to Republicans in hopes that this will be his foot in the door to a massive climate change bill, and that’s not going to happen.”

I guess we will soon seen, since Democrats are readying to give cap and trade life again.