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The gang of ten and the "bipartisan" sell-out
Posted by: McQ on Friday, August 15, 2008

I've mostly been out of the loop while all of the "gang of 10" nonsense was developing, but I have to say, as usual, the Republican members (to include my two senators from GA) have managed to snatch defeat from the jaws of victory once again on an issue they owned.

I'll have to admit either not being smart enough or nuanced enough to understand why a group of Republican senators would decide to compromise on an issue on which compromise just wasn't necessary. On the issue of drilling, the country was with the Republicans all the way. Democrats were nervous (and beginning to switch sides or making noises about switching sides) and the Democratic leadership looked foolish and out of touch.

And 5 Republican senators decided, apparently, that was too much of an advantage to own and handed it all back.

I simply do not understand political stupidity such as that, but I guess I should get used to it since it seems fairly de rigeur for this crop of Reps.

To review, the public call was for the ban on offshore drilling to be lifted, ANWR to be opened up and leases let for oil shale in the west.

What did these 5 senators settle for? Punitive taxes on oil companies, very limited drilling in a small area offshore and ANWR remains closed as do the oil shale finds in the west.

Well done!

Red Cavaney of the American Petroleum Industry sums up nicely what this bunch has managed to do:
The proposal’s approach to access to federal oil and natural gas resources is far too limited in its scope. And, it is unfortunately paired with the imposition of at least $30 billion in new taxes on the oil and natural gas industry that would have the effect of limiting needed oil and gas investment. A lesson learned well in the 1970-80 period. These measures create an environment that will virtually assure a future with less, not more, domestic production.

While this new proposal would expand access in the waters of the Outer Continental Shelf, it unfortunately limits any expansion over current law to the eastern Gulf of Mexico and waters off four Atlantic Coast states in the South. Even in these areas, development in federal waters less than 50 miles offshore would be banned – despite the fact that offshore facilities would need to be 12 or fewer miles from shore to be visible from land. Leasing in the North Atlantic and off the Pacific Coast would be banned and plentiful hydrocarbon resources in Alaska would remain off limits. Significant regulatory burdens on new development would remain in place. The imposition of $30 billion in clearly discriminatory new taxes, to pay for federal investment in alternatives and renewables, ignores the fact that the industry already provides more than 70 percent of all North American investment in research and development in emerging energy technologies.
I have to tell you, I sometimes wonder what happens to politicians when they cross inside that beltway which surrounds Washington DC. If this is an example, it is a disease badly in need of a cure. Instead of a plan which would offer a way toward breaking our dependence on foreign oil, they've offered one which punishes domestic oil companies with taxes, ignores the vast resources available off the Pacific coast, North Atlantic coast, Alaska and in our west, and accepts a pittance in return (which will really do nothing toward bringing on line the supply of oil and gas necessary to cut our dependence on foreign oil).

Or said another way, they managed to give the Democrats everything they wanted without a single shot being fired.

Boobs like that deserve to lose elections. Hell, I can get a Democrat to come up with that sort of garbage. What do I need Republicans for?
 
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Comments
And people ask why I have trouble get all excited about John McCain.

A supposed ally can do you more harm than a declared adversary, especially at the PR game in which the Republicans are sorely outclassed.
 
Written By: jpm100
URL: http://
I couldn’t agree with you more here. Why are they caving into these guys when they have them on the ropes?

You don’t do that. These guys are ridiculous. It’s as if they don’t want a Republican majority.

What happened to the backbone of the Republican party?
 
Written By: Duane Lester
URL: http://www.allamericanblogger.com
Keep an eye on what these boys get from the majority party in the future.
There’s something in it for them.

That’s what happens when they get inside the Beltway.
 
Written By: looker
URL: http://
Yet incumbents keep getting re-elected and re-elected.

And re-elected.

We deserve what we get.

Look, maybe when we’re cold and dark and hungry in the night the way NoKo is, then MAYBE we’ll throw these mossbacks out.

 
Written By: shark
URL: http://
"What do I need Republicans for?"
To be pragmatic.

That’s what.
 
Written By: Billy Beck
URL: http://www.two—four.net/weblog.php
Lindsay Gramnety is sabotaging the GOP and should be thrown out.

He is one of the reasons that republicans will not win back congress. What a dummy!
 
Written By: Clem
URL: http://

 
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