The New York Times hit the nail on the head, writing:
"Washington has been forecasting the likely death of a climate bill with renewed certainty since Massachusetts elected a Republican senator who promised to block pretty much anything Mr. Obama wants. But even before then we were hearing two reasons why a bill could not pass: The Senate won’t have any strength left when it finishes with health care, and the nation cannot afford a bill that implies an increase in energy prices."
"The first reason is defeatist, the second greatly exaggerated. The climate change bills pending in the Senate would not begin to bite for several years, when the recession should be over. The cost to households, according to the Congressional Budget Office, would be small. A good program would create more jobs than it cost."
"The list of reasons to pass a climate bill, on the other hand, is long and persuasive."