August 08, 2008
This "Gang of 10" announced a "sweeping" and "bipartisan" energy plan to break Washington's energy "stalemate." What they did was throw every vulnerable Democrat, and Mr. Obama, a life preserver.
That's because the plan is a Democratic giveaway. New production on offshore federal lands is left to state legislatures, and then in only four coastal states. The regulatory hurdles are huge. And the bill bars drilling within 50 miles of the coast -- putting off limits some of the most productive areas. Alaska's oil-rich Arctic National Wildlife Refuge is still a no-go.
The highlight is instead $84 billion in tax credits, subsidies and federal handouts for alternative fuels and renewables. The Gang of 10 intends to pay for all this in part by raising taxes on . . . oil companies! The Sierra Club couldn't have penned it better. And so the Republican Five has potentially given antidrilling Democrats the political cover they need to neutralize energy through November.
Gee thanks. And you know who this benefits? The Obamessiah. He is giddy and has praised their efforts. Obama can now ask why The Maverick isn't supporting bi-partisan legislation. Oh, and it helps Senator Mary Landrieu (D-LA), who is in the Gang of 10 and also considered the most vulnerable Democrat seat in the Senate.
Way to go, fellas. This is just the strategy that will prevent that filibuster-proof majority. Riiiiiiight. And for the record, none of these Republican senators are up for re-election this fall. Surprise!
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