LAR: Obama says no to Keystone pipeline, no to energy independence and no to American jobs X
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Jan. 19, 2012 Obama says no to Keystone pipeline, no to energy independence and no to American jobs White House kowtows at the altar of environmental radicalism.
Video: Could We Learn From The Rise And Fall Of Greece? Greece, a once proud nation, has been reduced to a beggar nation. Here is a look at what has caused the financial crumbling in that nation.
Wall Street Journal supports SOPA and PIPA, bills lose 14 cosponsors same day.
McMorris Rodgers bill repeals $100 billion IMF credit line No money is supposed to be drawn from the Treasury except in consequence of appropriations, yet in 2009 the Pelosi-Reid Congress approved an open-ended credit line to bail out governments all over the world. Obama says no to Keystone pipeline, no to energy independence and no to American jobs
By Rebekah Rast
President Obama has made his decision in regards to the Keystone XL pipeline. He said no.
No to extending America's efforts for energy independence and no to creating jobs, all while pointing the finger at Republicans saying his decision is their fault.
According to the payroll tax cut extension passed at the end of last year, President Obama had 60 days to decide whether to approve or dismiss the Keystone XL pipeline. His final decision is clear, but it is also a punch in the gut for those Americans who could have had a job.
"This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama said in a statement. "I'm disappointed that Republicans in Congress forced this decision, but it does not change my Administration's commitment to American-made energy that creates jobs and reduces our dependence on oil."
But the Keystone pipeline is not a new idea. It would carry oil from Canada to refineries in Texas, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma. Theadministration has known about it for two years and it seems the State Department did have some time to deal with the proposal as it reported last summer that the pipeline would create up to 6,000 jobs during construction alone (though some say this is a low estimate). The pipeline also has approval from Nebraska State's governor and senators who are open to the project as long as it steers clear of an environmentally sensitive area of the state, which a provision the payroll tax cut extension allows.
Get full story here. Could We Learn From The Rise And Fall Of Greece?
Video by Frank McCaffrey
Get permalink here. SOPA Support Implodes
It is telling that on the same day the Wall Street Journal published a lead editorial in favor of legislation that would censor the Internet in the name of protecting copyright that the bill lost no less than 14 previous backers, who dropped their support of the legislation.
Eight were in the Senate alone, including Senators Marco Rubio, Jim Inhofe, John Cornyn, Orrin Hatch, John Boozman, David Vitter, Kelly Ayotte, and Roy Blunt. On the House side, former cosponsors Representatives Ben Quayle, Lee Terry, Dennis Ross, Steve Scalise, Tim Griffin and Tim Holden also bolted from a bill that can only be said to be imploding.
What was behind the defections? A flood of thousands of emails and phone calls from concerned Americans, prodded on by super-popular websites like Wikipedia.org that went dark on Jan. 18 in protest of the legislation. Instead of being able to look up information, the thousands of sites that went black urged regular users to contact their Senators and Congressmen in opposition to the bills.
It appears to be working, and more defections are expected. A number of previously undeclared legislators have also come out against the bill, striking a significant blow to the legislation's momentum.
"Wikipedia and other websites are to be praised for going black today, and showing what the world might be like without websites that depend on user contributions," commented Americans for Limited Government President Bill Wilson.
Get full story here.
McMorris Rodgers bill repeals $100 billion IMF credit line
By Bill Wilson
As originally reported by The Washington Examiner.
Under Article 1, Section 9 of the Constitution, "no money shall be drawn from the Treasury, but in consequence of appropriations made by Law."
And yet in 2009, Congress under the leadership of then-House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid adopted legislation that boosted the U.S. quota at the International Monetary Fund by $8 billion and created an open-ended $100 billion credit line to the organization.
The $64 billion quota is money the IMF already has at its disposal, while the $100 billion credit line is like a home equity loan or credit card limit that has not been tapped.
To access the funds from the $100 billion credit line, called "New Arrangements to Borrow," the IMF does not need to return to Congress. That will be true even if the monies are used for controversial bailouts of troubled governments and financial institutions in Europe that bet poorly on the sovereign debt of bankrupt socialist states like Greece.
In fact, the IMF — with U.S. funding — is already engaged in a bailout of Europe, having already committed up to €78.5 billion, or about $100 billion, to propping up Greece, Ireland and Portugal. This is more than 39 percent of the IMF's total commitments worldwide of about $254 billion. Already, the European crisis is eating up a disproportionate portion of the IMF's funding, and the IMF is just getting started. This illustrates that the IMF was never intended to be used to solve a debt crisis of this magnitude.
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