Irregular Times Diaries: Unfit Discussion

I am quite disgusted right now.

Democrats to let offshore drilling ban expire

Democrats to let offshore drilling ban expire

By ANDREW TAYLOR, Associated Press Writer 15 minutes ago

Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.

House Appropriations Committee Chairman David Obey, D-Wis., told reporters Tuesday that a provision continuing the moratorium will be dropped this year from a stopgap spending bill to keep the government running after Congress recesses for the election.

Republicans have made lifting the ban a key campaign issue after gasoline prices spiked this summer and public opinion turned in favor of more drilling. President Bush lifted an executive ban on offshore drilling in July.

“If true, this capitulation by Democrats following months of Republican pressure is a big victory for Americans struggling with record gasoline prices,” said House GOP leader John Boehner of Ohio.

Democrats had clung to the hope of only a partial repeal of the drilling moratorium, but the White House had promised a veto, Obey said.

The House is expected to act on the spending bill Wednesday. The Senate is likely to go along with the House.

“The White House has made it clear they will not accept anything with a drilling moratorium, and Democrats know we cannot afford to shut down the government over this,” said Jim Manley, a spokesman for Senate Majority Leader Harry Reid. “We look forward to working with the next president to hammer out a final resolution of this issue.”

While the House would lift the long-standing drilling moratoriums for both the Atlantic and Pacific coasts, a drilling ban in waters within 125 miles of Florida’s western coast would remain in force under a law passed by Congress in 2006 that opened some new areas of the east-central Gulf to drilling.

Just last week, the House passed legislation to open waters off the Atlantic and Pacific coasts to oil and gas drilling but only 50 or more miles out to sea and only if a state agrees to energy development off its shore. It quickly became clear that measure would not get the 60 votes needed in the Senate.

Republicans called that effort a sham that would have left almost 90 percent of offshore reserves effectively off-limits.

The Interior Department estimates there are 18 billion barrels of recoverable oil beneath the Outer Continental Shelf, about half of it off California.

While the ban on energy development will be lifted if the Senate goes along with the House action, it doesn’t mean any federal sale of oil and gas leases in the offshore waters — much less actual drilling — would be imminent.

The Interior Department’s current five-year leasing plan includes potential leases off the Virginia coast but probably would not be pursued unless the state agrees to energy development. And the state is unlikely to do so without Congress agreeing to share federal royalties with the state.

The congressional battle over offshore drilling is far from over. Democrats are expected to press for broader energy legislation, probably next year, that would put limits on any drilling off most of the Atlantic and Pacific coasts. Republicans, meanwhile, are likely to fight any resumption of the drilling bans that have been in place since 1981.

John McCain, the Republican presidential nominee, has promised to make offshore oil drilling a priority if elected president. He has called for developing the oil and gas resources along all of Outer Continental Shelf and for the federal government to share royalties with states who go along with drilling.

Democratic presidential rival Barack Obama has said he would support limited drilling in certain areas — possibly the South Atlantic region — if it is part of a broader energy plan to shift the U.S. away from oil to alternative fuels and more energy efficiency.

The debate over offshore drilling is not expected to subside in the first months of the next presidency — no matter who sits in the White House.

Lifting the drilling ban gives considerable momentum to the underlying bill, which includes the Pentagon budget, $24 billion in aid for flood and hurricane victims and $25 billion in loans for Detroit automakers in addition to keeping the government open past the Oct. 1 start of the 2009 budget year.

But Democrats decided not to use the must-pass measure as a battering ram to carry an extension of unemployment benefits for the long-term jobless past White House veto promises, prompting grumbling among some lawmakers. Efforts to boost food stamps and give states billions of dollars to help with Medicaid bills also fell through.

But the measure would double, to $5.2 billion, funding for heating subsidies for the poor, Obey said.

The measure also would provide more than $600 billion to fund the 2009 budgets for the Pentagon, Homeland Security Department and the Veterans Affairs Department. Nine other spending bills for the 2009 budget year starting Oct. 1 remain unfinished.

Bush had threatened to veto bills that don’t cut the number and cost of pet projects known as “earmarks” sought by lawmakers in half from current levels or cause agency operating budgets, taken together, to exceed his request. Obey said, however, the White House would reluctantly sign the measure.

Democrats have shown themselves to have all the spine of a wet noodle. They’ve got control of Congress and yet they’re still letting Republicans have their way? They’re letting the ban on offshore drilling expire even though we know that all the drilling in the world will do next to nothing to help?

Can we fire all these bastards? Something is very, very wrong when you’ve got one party that’s as red as a stoplight and the only alternative to that way of thinking has turned a pretty dark shade of pink.

With all the talk about Sarah Palin and her latest question-evasions, I thought the economy has been getting less than it’s needed share of coverage. After all, just a couple of days ago the stock market was in a crisis, the DOW dropped around 400 points in a day, AIG pretty much went bankrupt, and gold set a record for most gain in a single day by ground from around $740 bucks a troy ounce to $860 a troy ounce.

More Americans are focusing on the economy, a place where John McCain has admitted he sucks at and Sarah Palin has established herself to be incapable of balancing a budget.

So for this crisis, what is Bush’s solution? Set aside 700 billion dollars to buy shit assets without a plan to have that money paid back.

Here, I’ll let you read for yourself.

Bush team, Congress negotiate $700B bailout.

Bush team, Congress negotiate $700B bailout
By JULIE HIRSCHFELD DAVIS and DEB RIECHMANN, Associated Press Writers 33 minutes ago

The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depression.

The rescue plan would give Washington broad authority to purchase bad mortgage-related assets from U.S. financial institutions for the next two years. It does not specify which institutions qualify or what, if anything, the government would get in return for the unprecedented infusion.

Democrats are pressing to require that the plan help more strapped borrowers stay in their homes and to condition the bailout on new limits on executive compensation.

Congressional aides and administration officials are working through the weekend to fill in the details of the proposal. The White House hoped for a deal with Congress by the time markets opened Monday; top lawmakers say they would push to enact the plan as early as the coming week.

“We’re going to work with Congress to get a bill done quickly,” President Bush said at the White House. Without discussing specifics, he said, “This is a big package because it was a big problem.”

The proposal is a mere three pages long, but it gives sweeping powers to the government to dispense gigantic sums of taxpayer dollars in a program that would be sheltered from court review.

“It’s a rather brief bill with a lot of money,” said Sen. Chris Dodd, D-Conn., the Banking Committee chairman. “We understand the importance of the anticipation in the markets, but we also know that what we’re doing is going to have consequences for decades to come. There’s not a second act to this — we’ve got to get this right.”

Lawmakers digesting the eye-popping cost and searching for specifics voiced concerns that the proposal offers no help for struggling homeowners or safeguards for taxpayers’ money.

The government must bail out the financial system “because if we don’t, it will have a tremendous impact on American consumers, homeowners, taxpayers and the rest,” House Speaker Nancy Pelosi, D-Calif., said in San Francisco.

But, she added, “We cannot deal with this unless this bailout helps families stay in their homes.”

Senate Majority Leader Harry Reid, D-Nev. said “we cannot allow ourselves to be in denial about the threat now facing the world economy. From all indications, that threat is real, and the consequences of inaction could be catastrophic. Every single American has a stake in preventing a global financial meltdown.”

The proposal would raise the statutory limit on the national debt from $10.6 trillion to $11.3 trillion to make room for the massive rescue.

“The American people are furious that we’re in this situation, and so am I,” the House’s top Republican, Ohio Rep. John A. Boehner, said in a statement. “We need to do everything possible to protect the taxpayers from the consequences of a broken Washington.”

Signaling what could erupt into a brutal fight with Democrats over add-on spending, Boehner said “efforts to exploit this crisis for political leverage or partisan quid pro quo will only delay the economic stability that families, seniors, and small businesses deserve.”

Bush said he worried the financial troubles “could ripple throughout” the economy and affect average citizens. “The risk of doing nothing far outweighs the risk of the package. … Over time, we’re going to get a lot of the money back.”

He added, “People are beginning to doubt our system, people were losing confidence and I understand it’s important to have confidence in our financial system.”

Neither presidential candidate took a position on the proposal. GOP nominee John McCain said he was awaiting specifics and any changes by Congress.

Democratic rival Barack Obama used the party’s weekly radio address to call for help for Main Street as well as Wall Street.

Their language reflected a tricky balance that politicians in both parties are trying to strike, just six weeks before Election Day: Back a plan that doles out hundreds of billions to companies that made bad bets and still identify with the plight of middle-class voters.

Besides mortgage help and executive compensation limits, Democrats are considering attaching middle-class assistance to the legislation despite a request from Bush to avoid adding items that could delay action. An expansion of jobless benefits was one possibility.

Bush sidestepped questions about the chances of adding such items, saying that now was not the time for posturing. “I think most leaders would understand we need to get this done quickly, and you know, the cleaner the better,” he said about legislation being drafted.

Treasury officials met congressional staff for about two hours on Capitol Hill on Saturday. Discussions centered on how the plan would work, and Democrats proposed adding the executive compensation limits and new foreclosure-prevention measures. Details of those changes were not available Saturday, as staff aides worked to draft them. Bush and Treasury Secretary Henry Paulson conferred by phone for about 20 minutes in the afternoon, gauging how the negotiations were unfolding.

Among the key issues up for negotiation is which financial institutions would be eligible for the help. The proposed legislation doesn’t make it clear, leaving open the question of whether hedge funds or pension funds could qualify.

The proposal does not require that the government receive anything from banks in return for unloading their bad assets. But it would allow the Treasury Department to designate financial institutions as “agents of the government,” and mandate that they perform any “reasonable duties” that might entail.

The government could contract with private companies to manage the assets it purchased under the rescue.

Paulson says the government would in essence set up reverse auctions, putting up money for a class of distressed assets — such as loans that are delinquent but not in default — and financial institutions would compete for how little they would accept.

I understand the need for quick action in a case like this, but trying to rush through a bill of 700 BILLION dollars with only two days of debate and thus far no assurances that John Q is gonna be able to keep a roof over his head and little or no stipulations as to getting the money back aside from Bush’s word that “we’ll get a lot of it back over time”? Yeah, considering his track record I’m less than reassured.

Actually, I’m horrified.

Oh, I just loved the part about the national debt. From $10.6 trillion to $11.3 trillion if the bill passes. Whoopie.

In other news; 40 people in a Pakistan hotel were killed by a suicide bomber.

First thing I see when Yahoo pops on is this little gem of a story.

Bush to lift executive ban on offshore drilling

By BEN FELLER, Associated Press Writer 24 minutes ago

In another push to deal with soaring gas prices, President Bush on Monday will lift an executive ban on offshore drilling that his stood since his father was president. But the move, by itself, will do nothing unless Congress acts as well.

The president plans to officially lift the ban and then explain his actions in a Rose Garden statement, White House press secretary Dana Perino said.

There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by former President Bush in 1990. The current president, trying to ease market tensions and boost supply, called last month for Congress to lift its prohibition before he did so himself.

But Perino said Bush no longer wants to wait. She pinned blame on the leaders of the Democratic Congress, noting that no action has been taken on this issue.

“They haven’t even held a single hearing,” Perino said. “So we are going to move forward, and hopefully that will spur action by the Congress.”

Asked if Bush’s action alone will lead to more oil drilling, Perino said, “In terms of allowing more exploration to go forward? No, it does not.”

The president, in his final months of office, has responded to record gas-prices with a series of proposals, including more oil exploration. None would have immediate impact on prices at the pump, according to White House officials, who say there is no quick fix. But starting action now would help, they say.

Bush’s proposal echoes a call by Republican presidential candidate, Sen. John McCain, to open the Continental Shelf for exploration. Democrat Barack Obama has opposed the idea and instead argued for helping consumers with a second economic stimulus package including energy rebates, as well as stepped up efforts to develop alternative fuels and more fuel-efficient automobiles.

“If offshore drilling would provide short-term relief at the pump or a long-term strategy for energy independence, it would be worthy of our consideration, regardless of the risks,” spokesman Bill Burton said in a statement. “But most experts, even within the Bush administration, concede it would do neither. It would merely prolong the failed energy policies we have seen from Washington for thirty years.”

Congressional Democrats have rejected the push to lift the drilling moratorium, accusing the president of hoping the U.S. can drill its way out a problem.

Bush says offshore drilling could yield up to 18 billion barrels of oil over time, although it would take years for production to start. Bush also says offshore drilling would take pressure off prices over time. In addition, the president has proposed opening the Arctic National Wildlife Refuge for drilling, lifting restrictions on oil shale leasing in the Green River Basin of Colorado, Utah and Wyoming and easing the regulatory process to expand oil refining capacity.

Congressional Democrats, joined by some GOP lawmakers from coastal states, have opposed lifting the prohibition that has barred energy companies from waters along both the East and West coasts and in the eastern Gulf of Mexico. A succession of presidents, from Bush’s father — George H.W. Bush — to Bill Clinton, have sided against drilling in these waters, as has Congress each year for 27 years. Their goal has to been to protect beaches and coastal states’ tourism economies.

Surprise, surprise, an oil barron is gonna lift a ban on offshore drilling and then lay the blame on the Democrats.

“I didn’t wanna do it, they MADE ME do it!” Schoolyard reasoning from our Commander in Theif.

And Obama wants another round of checks? A wonderfully bad idea, if you ask me. Throw money at the problem and see it go straight into the oil companies’ pockets rather than actually providing a meaningful solution to the problem.

Something simple occurred to me this morning: I don’t see any evidence that Barack Obama has gained any voter support as a result of his decision to vote for the rotten FISA Amendments Act.

I’ve been online a lot, looking at what people have to say. I’ve seen a whole lot of Democrats saying that they’re withdrawing support from Barack Obama. I’ve seen some Democrats say that they’re angry, but that they can’t bring themselves to not vote for Obama. I’ve even seen a few ignorant voters say that they don’t understand what the big deal about the FISA Amendments Act is.

You know what I haven’t seen? I haven’t seen any Republicans or independent voters say that they were going to vote for John McCain, but now, because of the FISA Amendments Act, they’re going to vote for Barack Obama. I haven’t seen one single comment like that.

It seems that Obama has abandoned his principles, broken his promise, betrayed the Constitution, and lost a lot of Democratic supporters – all without making so-called “swing voters” like him any more than they did before.

Stupid move, Barack.

Immunity, immunity, immunity. I am sick of hearing members of Congress talk about how important it is to protect telecommunications corporations by giving them legal immunity. They say that there ought to be retroactive immunity for telecommunications companies that broke the law by handing over huge amounts of private information about the personal communications of millions of Americans to George W. Bush.

Why? Why should telecommunications companies be placed above the law? Why should they be given a get out of jail free card when they break the public trust?

What about us – you know, the customers? Why aren’t members of Congress worried about protecting us?

The telecommunications corporations promised to keep our personal information secret. They entered into legal agreements with us, guaranteeing that we could use their communications services in private, without worrying that people would be able to look through our emails, listening to our telephone calls, and watching us surf the web.

Yet, that kind of spying against us Americans is exactly what the telecommunications corporations did, and it’s what they continue to do. It’s one of the kinds of spying against Americans that now will continue under the FISA Amendments Act.

But, the members of Congress who voted for the FISA Amendments Act don’t seem to care about that. They don’t care that millions of Americans were illegally betrayed. No, all they care aut is the comfort of the big telecommunications corporations.

Luckily, there are a few members of the House of Representatives who have had the integrity to speak up for us, the American people, the customers of the abusive telecommunications corporations. One of those members of Congress is John Hall, who represents the Hudson River Valley in the House of Representatives.

After reading the text of the FISA Amendments Act, Congressman Hall spoke on behalf of the right of customers whose private lives were invaded to seek justice in a court of law:

“The rule of law lies at the core of America’s founding principles, and the language in this bill was too weak to ensue that any breach of our laws that may have occurred under the warrantless wiretapping program will be fully addressed. It is not appropriate to deny Americans the right to pursue these matters in court, or to short-circuit the judicial review that lies at the heart of our system of checks and balances, which is the bedrock of our Constitution. Accordingly, I voted against this bill.”

Thank you, John Hall, for showing that there is at least one member of Congress who remembers that the Constitution was written to protect people, not corporations.

I just quit MoveOn. It isn’t because I disagree with their politics. It’s because they have compromised their politics.

Just yesterday, I got an email from MoveOn expressing their opposition to H.R. 6304, the FISA Amendments Act. That’s the right stand, because the FISA Amendments Act is a terribly abusive law that violates the Constitution and breaks trust with the American people. It allows massive, unrestrained spying programs by the government against American citizens, without any search warrant or any form of probable cause required.

The people who voted for the FISA Amendments Act won’t tell you this. They’ll tell you that the powers granted under the bill are just fine, and there’s nothing to worry about. But, have you actually read the legislation? Don’t believe what they tell you until you’ve read the bill yourself.

It’s bad enough that 105 Democrats in Congress turned coat and joined forces with George W. Bush to pass the FISA Amendments Act. What’s worse is that Barack Obama has announced he will join them. Barack Obama is betraying the supporters who helped him win the Democratic nomination.

What about MoveOn? They’re pretending nothing has happened. They’re moving ahead with fundraisers for Barack Obama.

That’s not the kind of politics that MoveOn is supposed to stand for. That’s why, until they repudiate Barack Obama or convince Barack Obama to change his position, I have quit MoveOn.

I encourage you to do the same. Here’s the short message I sent to Moveon explaining why I’ve quit.

“Barack Obama just endorsed the FISA Amendments Act. MoveOn says it’s against that law, as it should. It’s a betrayal of the Constitution and an abuse of our trust. Barack Obama should lose the endorsement of MoveOn because of this betrayal. When MoveOn repudiates Barack Obama, I will rejoin MoveOn. Until then, I will not be with you – and no bake sales for Obama.”

It’s official. Terror has been identified by the President of the United States as one of the government’s tools in its supposed War on Terror.

Explaining why he vetoed legislation from Congress that would have explicitly outlawed waterboarding and other forms of torture, George W. Bush said that “The bill would take away one of the most valuable tools on the war on terror.” With that statement, President Bush is on the record as saying that torture is regarded by his White House as among the “most valuable tools” against terror.

Americans who know how to think will regard this statement as strange, given that the purpose of torture is to encourage compliance through the creation of terror.

So, the Bush White House is using terror as a tool in the War on Terror. That suggests to me that the War on Terror is not really a war against terror at all. We ought to call it a War For Terror or a War Of Terror instead.

The real moral values of the Republican Party are demonstrated in brutal, sadistic form in the last federal budget proposed by George W. Bush.

The federal budget President Bush proposes for 2009 begins a program of cutting 196 billion dollars from Medicare health care benefits for the elderly and extremely impoverished Americans.

Why would the Republicans do such a cruel thing? Well, part of that money taken away from Medicare will go to pay for policies that make rich Americans even richer.

But, some of the money the Republicans will save by cutting Medicare benefits for senior citizens will go to pay for something even more inhumane. The Republicans propose using some of the money taken away from Medicare to pay for a new generation of nuclear bombs.

What do we need new nuclear weapons for? Terrorists cannot be defeated with nuclear missiles. Nuclear weapons are designed to kill civilians by destroying entire cities, vaporizing them, melting them, burning them into nothing more than radioactive cinder and ash.

These are the moral values of the Republican party: Less medicine for the sick, and more nuclear weapons to kill people by the millions.

This isn’t about getting tough, or being fiscally conservative. It’s inhumane. It’s just plain insane.

The Republican Party agenda, led now by George W. Bush, and to be continued by John McCain, leads on a path of fear and destruction.

America can do better. We must do better.