'I have listened to you, I have learned from you, and you've made me a better president." So said President Barack Obama after winning re-election. But on the subject of energy it isn't clear what he has learned. If news reports are accurate, the president's second-term agenda may include pushing for a carbon tax ostensibly to reduce the deficit and address climate change.
Before getting too carried away with the wonders of a carbon tax, Mr. Obama might want to talk to former President Bill Clinton, who attempted a similar gambit almost 20 years ago.
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