Yesterday’s election clearly demonstrates that the American people reject President Obama’s handling of the economy. Just as the 2008 elections were interpreted as a repudiation of President Bush’s agenda (particularly with respect to foreign policy), the 2010 mid-term election shows that America does not support President Obama’s domestic priorities.
Specific to energy and the environment, one clear message from the election is that cap-and-trade, top-down, command-and-control regulations are a losing argument with the voters. Candidates who voted for cap-and-trade, with few exceptions, ran away from that vote. Voters understand that cap-and-trade is a national energy tax.
With respect to energy policy, the election results will likely yield a modest and marginal improvement. While it will certainly not be the “environmental doomsday” that the national environmental lobby claims, unless the Republicans have truly changed their stripes, it will also not be the dramatic improvement that some predict or hope.…