The Obama plan would supersize that impact nationally. Higher prices for all; benefit for none.
Obama's focus on this issue is puzzling, and not simply because it won't impact global warming. Polling shows voters rank many issues ahead of global warming and environmental concerns. An April poll by Rasmussen Reports found that likely U.S. voters ranked the environment behind the economy, health care, job creation, government ethics, government spending, taxes, Social Security, education, small business, gun control, immigration, national security and energy.
So Obama is trying to “solve” a low-priority voter issue in a way that could negatively impact voters' actual top issue, the economy. Obama's plan isn't simply a solution in search of a problem. It's worse. This is an expensive nonsolution to a problem that may not even exist, implemented in a way that will create genuine economic harm.