Monday, June 29, 2009

Now Obama is "Has Doubts" About Cap-and-Trade War Bill

This is exactly why Congress needs to read bills before they vote on them. The part of the bill that would create tariffs on countries that don't have the same carbon measures as the US in place is just asinine. I guess Obama kind of agrees in a wishy-washy way.

President Obama, speaking to reporters Sunday, didn't say whether he would veto the bill if the measure remains a part of it, or whether he will work to remove it in negotiations with Congress. "At a time when the economy world-wide is still deep in recession, and we've seen a significant drop in global trade, I think we have to be very careful about sending any protectionist signals out there," he said. He added that he was "mindful" of the need to level the playing field internationally for U.S. business.

Uh, yes Mr. President protectionist signals are what Great Depressions are made of. If this passes the Senate then Americans will deliver a massive hiding to the Democrats come 2010. Especially because this thing will hit every single American right in the face. I'm sure the domestic oil companies (if the don't all move to Switzerland or Dubai or something) and utilities will remind the consumers of the fact that they had to raise rates due to Congress just to cover their own asses.

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