The legislation itself is enormous. It’s more than a thousand pages long, filled with obscure provisions that will keep an army of lobbyists employed for years. It’s been resoundingly panned both by groups on the left, such as Friends of the Earth and Greenpeace, who see it as an enormous corporate giveaway, and by Republicans, who accuse it of being a massive tax that will hobble the U.S. economy. It even was attacked by the powerful farm lobby, despite a cornucopia of goodies added in the last few days to get their champion, House Agriculture Chairman Collin C. Peterson (D-Minn.), on board.
Read the rest of Business Week on the rush to pass a cap and trade bill.
Is it too much to expect legislators to take enough time to read and debate bills that could have a major impact on the economy?