Economy:

ACCF's Thorning warns that capping emissions may conflict with stimulus, job creation

Can President-elect Barack Obama successfully stimulate the economy, create jobs and reduce emissions? What are some of the pitfalls of pursuing a "green" stimulus? During today's OnPoint, Margo Thorning, senior vice president and chief economist at the American Council for Capital Formation, gives her take on why some of the incoming administration's aggressive climate and economic goals may conflict with each other. Thorning assesses Obama's energy and environment Cabinet picks and explains how she believes the chairmanship shift in the House Energy and Commerce Committee will affect the push for cap-and-trade legislation.