Cap & Trade should wait until the day that never comes-- the idea EPA could manage something the Chicago Board of Trade couldn't navigate on its best day simply fanciful-- a carbon tax both easier to administer and more policy efficient. As for a gas tax increase, now is the time to strike-- like any new Adminstration this one now at its high water mark-- its all down hill from here in terms of political capital. Clinton managed a quick 4.3 cent increase for deficit reduction and Trust Fund replenishment early in his reign, albeit by almost gut busting straight party line vote, with Gore casting the tie-breaking vote in the Senate. Package a gas tax increase with a hugh budget recission as part of the stimulus and you got a deal on The Hill cutting across party lines? Looks like a missed opportunity to me.