In the context of President Bush's call to do something about climate change in 2050 (hey, why not make 3050 the deadline?):
"We do not endorse global carbon trading," White House spokeswoman Dana Perino told reporters before Bush's speech.
So much for the political feasibility of cap-and-trade ... unless the key word is global.
And here is another quote of the, er, day:
"We're the world's leader when it comes to figuring out new ways to power our economy and be good stewards of the environment," Bush said.