Aug. 20th, 2011

Barack Obama’s first policy acheivement was to work the phones and persuade enough congressional Democrats to support Bush’s September 2008 bailout bill. That legislation failed to pass the Democratic dominated Congress the first time. Thanks to Barack, it succeeded the second time, netting the banksters $3 trillion, and when Obama became president, he upped the ante to $16 trillion, bailing out all the derivative and other speculative bettors in Wall Street’s casino. What Obama didn’t do is bail out the families in those homes……
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etc., etc.,

http://www.blackagendareport.com/too-late-to-save-Obama-lets-save-ourselves
washingtonpost.com/blogs/ezra-klein/post/getting-ready-for-a-wave-of-coal-plant-shutdowns/2011/08/19/gIQAzkZ0PJ_blog.html

And a link to the Congressional Research Service's report itself:
lawandenvironment.com/uploads/file/CRS-EPA.pdf

And to a good summary of the issue:
thehill.com/blogs/e2-wire/677-e2-wire/177467-crs-industry-studies-predicting-trainwreck-from-epa-rules-are-overblown

Re how the coal plants can cope:
nytimes.com/2011/08/12/business/energy-environment/new-rules-and-old-plants-may-strain-summer-energy-supplies.html?_r=1&partner=rss&emc=rss&pagewanted=all
http://www.nytimes.com/2011/08/18/us/politics/18epa.html?_r=1

Representative Michele Bachmann of Minnesota wants to padlock the E.P.A.’s doors, as does former Speaker Newt Gingrich. Gov. Rick Perry of Texas wants to impose an immediate moratorium on environmental regulation.

Representative Ron Paul of Texas wants environmental disputes settled by the states or the courts. Herman Cain, a businessman, wants to put many environmental regulations in the hands of an independent commission that includes oil and gas executives. Jon M. Huntsman Jr., the former Utah governor, thinks most new environmental regulations should be shelved until the economy improves.

Only Mitt Romney, the former Massachusetts governor, has a kind word for the E.P.A., and that is qualified by his opposition to proposed regulation of carbon dioxide and other gases that contribute to global warming.

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August 2012

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