AbitibiBowater, Inc. (fka ABWTQ)

[bidmark]

What if Cap and Trade doesn't happen this congressional session?

There are primary elections being held around the country today and the Democrats seem to be a bit on the defensive. I don't think they'll have the will to cram another big gov'ment program down our throats before November and if it doesn't happen before then, it likely won't happen in Obama's term. The Canadians say they're going to follow the lead of the U.S. on Cap and Trade, which means we can't really look to them for any meaningful legislation. I'm not saying it won't happen at some point in the future, but I'm not sure that using it as a significant argument in support of equity value is great idea - perhaps as a supporting factor, but not as a main point. JMHO