The Associated Press is reporting that the Obama Administration is putting of releasing the annual mid-summer budget update until mid-August: The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today’s bleak landscape. The administration’s annual midsummer budget update is sure to show higher deficits and […]
Cap-and-Trade
Speed Bump: Senate Democrats Delay Action on Obama’s Healthcare & Climate Initiatives
Democrats in the House and Senate handed President Barack Obama a double dose of bad news yesterday when they moved to delay on his top legislative priorities, healthcare and climate change. Senate Environment and Public Works Committee Chairman Barbara Boxer (D-CA) said they would put off work on the climate change bill until September while […]
House Passes Cap and Tax Bill 219-212
The House of Representatives passed President Barack Obama’s massive Cap and Trade energy tax bill by a vote 219-212 yesterday… 211 Democrats and eight Republicans voted for the bill. WASHINGTON — Landmark legislation to curb U.S. greenhouse-gas emissions was approved by the House of Representatives in a close vote late Friday, securing an initial victory […]
Environmentalists: ‘Cap-and-Trade’ Is Designed to Drive up Energy Costs and Redistribute Wealth
From CNSNews.com: President Obama’s “cap and trade” plan to reduce greenhouse gas emissions is specifically designed to drive up energy prices and redistribute wealth, according to a coalition of environmental, union, and liberal activist groups that is pushing for Congress to enact the proposal this year. The plan would also redistribute wealth by taking revenue […]