During his first term, this would be highly unlikely because it Democrats will lose the House and maybe the Senate this November. Obama had a tough time passing Health care with a huge majority in both the House and the Senate. With an equal Senate, there is little possibility for a highly disputed bill to get passed into law.
A cap and trade bill will be hard to pass, but in the link below, Newsweek goes into what the Republicans may be willing to compromise on, so far as energy and the environment go.
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