« BACK  |  PRINT

RS

EDITOR OF REDSTATE

BREAKING: House Dems Put “No Drill Energy Plan” in Continuing Resolution

By: Erick Erickson (Diary)  |  September 22nd, 2008 at 10:15 AM  | 

RESIZE: AAA

Human Events has the details.

It seems Pelosi is gambling that she can make a deal with the White House. The White House will accept her no energy plan in exchange the White House gets its Wall Street bailout plan.

This must be viewed as unacceptable.

Tags: , , ,
Get Alerts

COMMENTS

POSTING RULES  |  LOGIN TO COMMENT  |  REGISTER TODAY
  • Moe_Lane

    NT

  • IBleedRed

    That’s a great idea. What a wonderful way to turn the public’s attention back towards offshore drilling.

  • izoneguy

    Getting our energy independence back is far more important. Let the corrupt money men & their corrupt political hacks burn in hell.

  • StephC

    I’m not an economist and my understanding is rather basic with a splash of common sense. I realize how complex this problem is so you won’t see me putting forth many ideas on how to fix it.

    What happens if we say no to both? I know it’s going to be bad but is it recoverable if we just say no?

  • jimpfaff

    If the White House is buying into this, do we need any further proof as to why they are so slow in approval ratings?

    Though on both points this “compromise” would be a disaster for America, you almost want it to go through so that conservative congressional candidates can beat up on both insulating themselves from Bush and rightly thumping Pelosi for her intransigence on energy.

  • c17wife

    SanFranNan-

    HELL NO!!!!!!!

  • Dave_in_Fla

    She is on the fast track to being labled as “So far outside the mainstream that she is not just willing to thumb her nose at the poor schlubs paying $3.75/gallon, but she is also willing to destroy the ecomomy to do it.”

    All the White House has to do is tell her no, and then she either has to back down quick, or watch her precious Democrat caucus get ravaged during the elections.

    Remember what happened in 45 days in Britian? Gordon Brown went from being a shoo in to win an election to getting his head handed to him by the Tories in the local elections. My sense is that the voters are tired of these games, and one more slap in the face like this might be the tipping point.

    Tip O’Neill would never have made a mistake like this.

  • GaryCook

    Let’s hope Bush has the testicles to call Pelosi’s bluff and not allow her to hold America’s future hostage.

    I don’t think the Dems will “shut down government” or block efforts to avert a catastrophic financial calamity if Bush sends the CR bill back to Congress and insists it be “clean.”

  • red_oakster

    Make no mistake. The seeming willingness to delay action and add extraneous provisions to the bailout legislation is playing with fire.

    I can understand that the Democrats are going to try and get some items they want. But if it begins to appear that they may delay passage of treasury’s capacity to respond to market crisis, that itself could trigger big financial problems.

    There’s a Hoover-style historical legacy waiting for any public official whose actions contribute to a global panic. Pelosi, Frank, and Dodd all are playing a dangerous game.

  • Tennyson

    Do you realize the ads that can be run now?

    American Economy in Crises

    And how do the Democrats respond – hold our economy hostage to force a ban on new sources of domestic oil production.

    When America needs to be creating energy instead of buying it, Nancy Pelosi and Barack Obama hold a gun to the head of the American Economy to serve their radical liberal interest groups…

    Is this the change we’ve been waiting for? Vote for Energy Independence, Fiscal Responsibility, and an end to crass political deals on November 5th.

    Vote for McCain/Palin and your Republican, Pro-drilling candidate.

  • Tennyson

    Make that Crisis and Nov. 4th. Where’s the edit button? :)

  • Dave_in_Fla

    I bet McCain/RNC is secretly hoping she does it.

    Not that I want this to happen. What I would LIKE is for Congress to get off its ass and pass both sets of legislation (holding its nose on the bailout).

    But given how much they would rather destroy us all for their own personal power, instead I am left with hoping for an electoral smackdown by the voters.

  • red_oakster

    the market is falling following Democrat’s counterproposal with all its demands for aid for bad mortgages and curbing executive pay.

    Do they really think they are going to escape blame if things turn bad?

  • bk

    get Pelosi hung around their neck with ads that they are against drilling in their home districts. Shouldn’t the NRCC be all over this?

  • boomshak

    This may the dumbest political move in the history of earth considering, what 75% of all Americans are in favor of drilling offshore?

  • zsmvf6

    As many others have said before, why aren’t McCain and Palin beating the gong of drilling = more jobs / improved economy (is that an oversimplification of the scenario)?

  • Scope

    In a post I made on this site earlier this morning I had expressed my great fear that the Democrats would try to shove something in the bailout plan that would uphold the ban in the OCS. Trying to insert H.R. 6899 in full in this emergency financial plan is far worse. Doesn’t this No New Drilling Bill also include something like $89 billion in renewable energy incentives.

    Have at it America’s Mother-In_Law- we won’t need to worry about oil or any kind of energy when the country does a complete meltdown.

  • E_Pluribus_Unum

    perfect opportunity to knock the rust off that veto pen.

  • gamecock

    The Paulson plan needs work anyway. I would rather the stock market crash and rebuild than forever mtg our energy needs forever to foreign terrorist funders.

  • olsmithie

    shut down the government…

    Gawd,
    We can hope so!

    Regards

  • NC_Ocon

    Pelosi could be the strategist that we needed.

    If Dubya has a testical left he will provide the proverbial B*tch slap to this garbage bill by way of VETO…

    VIVA VETO!

  • scottbomb

    Up $9.30 so far as of 12:45 Central.

    I got gas at $3.36/gal. just before hurricane Ike. The price per gallon went up 30 cents in 2 days while the price of oil was falling below $100. It’s held steady at $3.69/gal. for about a week and now oil is taking off like a rocket.

    Meanwhile, Algore is running his stupid “we” commercials on TV and congress gives us the middle finger.

  • birdmojo

    The Great Depression was not an example of an economy failing.

    Mugabe’s country? The one where they keep printing money to pay stuff off?

    That’s an example of an economy failing.

  • dinogroup

    What a Crock Pelosi is to try and shove down our throats an offshore drilling ban in the bail out bill. This is another example of why there needs to be a two party system in place. Do not let the Dem’s get control of all three govt’s in DC.

  • alchemist17

    What’s 20 or 30 trillion dollars in damage to the world economy when the planet is at risk? Heck, they probably need something like this anyway to achieve their global warming goals.

  • aaronbg

    FDR’s action extended the damage and created a de facto welfare state. The war forced the markets to recovery, but with the foundations of socialism left intact. Let’s not play the enticement game on this one. What the democrats are doing right now with inserting this bill into the bailout has already had a negative effect on the markets today. No new bad news out of the financial sector to speak of, just the insertion of this crap into a acceptable, albeit unsavory, bailout bill. Oil has jumped $25 today in trading., the Dow has dropped 192.. Focus your angst on the action that extends the damage rather than the action that can possibly lead to a correction of the damage.

  • Raven

    Let those who gambled poorly with the way they ran their businesses face the music for their choices and let the “No Drill Energy Plan” die a painful death.

    I actually agree with this move by her. Though not the way she wants me to…

  • tgharris

    Nancy Pelosi has stuck her head in a meat grinder. Let’s see if George W. Bush has the guts to turn the handle.

  • E_Pluribus_Unum

    perfect opportunity to knock the rust off that veto pen.

  • birdmojo

    That is the action that will allow the problem to be fixed.

    If the market does not correct itself now, it WILL correct itself later.

    Kipling wrote a poem about this, actually.

    Check it out here.

  • aaronbg

    unfortunately we don’t live in a vacuum. All of this stuff is linked and if one link in the chain fails we may have an even worse problem on our hands. Which would invariably lead to a larger bailout. I say stop the bleeding and work backwards to a real solution that includes real conservative reform.

  • birdmojo

    This is why I’m not a Democrat, dude.

    It’s not that I believe that there isn’t some regulation, somewhere, instituted by a particular someone that would work ideally and as planned.

    It’s that I don’t believe that this person is particularly electable and, even if he were, wouldn’t be particularly inclined to institute his policies once he sees what the lobbyists would be able to do for friends/relatives of his.

    We don’t have a choice between Good, Honest, Republican regulations and kicking the can down the road (to be followed by a worse correction).

    We have a choice between kicking the can down the road (to be followed by a worse correction) and the marketplace correcting now.

  • aaronbg

    I think there is a chance for reform…but only if McCain and some down tickets get elected…I don’t think he will get elected if we do nothing and frankly if he doesn’t get elected than we are screwed. So in principle I agree but pragmatically I disagree.

  • asleep06

    All this financial fear and panic, legitimate or not, is covering over a massive expansion of the size and powers of the federal government.

    Even on a conservative website, most people are just going along with it..

  • asleep06

    From the bill:

    Sec. 8. Review.

    Decisions by the Secretary [of the Treasury Paulson] pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

  • asleep06

    Paulson’s plan will only delay the inevitable economic downturn, passing the buck to the taxpayers while allowing the financial elite to shore up their own wealth before things tank completely.

    There is no free lunch, folks. We can’t escape the consequences of the mistakes of the financial past with massive socialization of the economy and other policy hand-waving.

    Since when did conservatives come to believe that socialism will really benefit the common people? Do we really believe the rules have changed now that we’re facing the consequences of crappy regulation of the free markets, that now our government is intelligent enough and virtuous enough to make socialism work for the common people?

    No. They’re just covering their own a**es and frantically trying to convince the people that their ridiculous efforts mean we shouldn’t vote them out of office.

    The only question is whether we’ll fall for it because we’re so afraid of “financial Armageddon” we’ll do anything or let anything happen that someone promises us will make it go away.

  • gamecock

    5

  • Adjoran

    is that Pelosi will pass her bill and adjourn the House until after the election. Then, if Senate Republicans kill it, or the President vetoes it, we not only get no relief for the credit markets but also a full government shutdown because it is a Continuing Resolution to keep government running (as Congress has failed to pass budget bills this year).

    How do you think a shutdown will be played in the media, btw?

    As to those proposing “free market” solutions, the time for such reforms was a year ago, or five. Crisis has arisen from the failure to reform. Now is the time for decisive action to ensure the functioning of the credit markets upon which the entire world economy depends. “Financial Armageddon” is not too strong a term to describe the probable consequences of inaction.

    Those willing to see the system collapse on principle are ignorant. There is no kinder way to describe them. We expect such nonsense from the hard-core Libertarians, but conservatives ought not put their heads in the sand.

    Is the bailout excessive? Of course. But Congress would produce that excess whether they acted now or later. Democrats control it and excess is their bread and butter.

    That’s reality.

    Pelosi is playing high-stakes poker with this move. She may be bluffing, but it just might be a bluff which can’t be called.

    Those who stayed home in 2006 should look upon their works.