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Cain Energy Plan: Put Oil And Coal CEOs In Charge Of EPA Regulations

ThinkProgress filed this report from Marshalltown, IA.

Today at a campaign stop with the group American Principles Project, Herman Cain took a question about how to increase domestic oil production. Without missing a beat, Cain said that, as president, he would create a special commission to remove environmental and energy regulations at the EPA. Cain explained that the commission would be comprised of businessmen from the coal, oil, shale oil, and natural gas industries because they are the “people closest to the problem.”

Cain then said he would literally appoint the CEO of Shell Oil, presumably current CEO Peter Voser, to the commission because Shell Oil has “been abused by the EPA.” Earlier in his remarks, Cain had riffed for a few moments about how Shell had faced delays in a drilling plan due to EPA regulations:

CAIN: The EPA is the biggest barrier to more permits, more drilling, more shale oil production. So I’m going to have a regulatory reduction commission that I’m going to appoint that’s going to go in and determine how we make things move faster. Some regulations we need. I’m not anti-regulation. I’m just anti-too much regulation. And the people on this commission are going to be people who know something about coal, oil, shale oil, natural gas, and they will be people whose businesses or individuals who have been abused by the EPA. If you’ve been abused by the EPA like Shell Oil, I’m going to ask the CEO of Shell Oil would he like to be on this commission, and give me some recommendations. The people closest to the problem are the ones who can solve the problem.

Watch it:

Later in the day, at his next campaign stop in Iowa Falls, Cain told a campaign supporter about his EPA plan, and said his energy executives-led commission would kill off regulations.

Cain is particularly close to oil CEOs. Shortly after announcing his intention to run for the presidency, Cain met with Charles and David Koch of Koch Industries in Palm Springs, California. As ThinkProgress reported, other oil executives were in attendance.

NEWS FLASH

Lieberman: Preserve ‘American Power In The World,’ Leave Military Spending Alone | In a speech on Monday at the Hudson Institute “condemning isolationism from the left and right,” Sen. Joe Lieberman (I-CT) warned against “slash[ing] the spending that sustains American power in the world.” “We will not close the deficit by gutting the defense budget,” Lieberman said, adding that the “real fiscal challenge” in closing the budget gap “lies in tackling the runaway cost of our entitlement programs.” Except this is completely false. Not only does the bloated defense budget contribute significantly to America’s debt, as the Center on Budget and Policy Priorities points out, the wars, President Bush’s tax cuts, and the economic downturn are primarily responsible for the budget deficit:

NEWS FLASH

Freshman GOP Lawmaker Still Relying on Faulty McKinsey Study | Even after McKinsey acknowledged this week that its study on the Affordable Care Act is not predictive of actual economic outcomes, freshmen GOP House members are still citing its results on the number of employers expected to drop health coverage. Rep. Tim Huelskamp (R-KS) said he believes in the veracity of the McKinsey findings at a press conference held today at the Capitol. Studies from both the non-partisan Robert Wood Johnson Foundation and the Urban Institute have shown to the contrary that the act will not substantially decrease employer-provided health insurance and may even offer “a stabilizing effect.”Sarah Bufkin

Yglesias

The Benefits Of Full Employment

I’m glad that Jared Bernstein is blogging regularly now, because hopefully now that both of the authors of The Benefits of Full Employment: When Markets Work For People have blogs we can get to talking more about the benefits of full employment. For example, you know how progressive commentators are always yakking on and on about how median household incomes haven’t kept up with GDP growth? It’s an important point, but I think one that tends to get over-thought.

This chart explains almost all of it:

Once upon a time, the Fed sometimes let unemployment get “too high” and sometimes let it get “too low” relative to the sustainable full employment rate. But since 1980, the Fed has done a nearly perfect job of stopping inflation, but has failed to eradicate elevated unemployment. This asymmetrical missing of the target essentially ensures that wage growth will be sluggish.

Economy

Up To 20 Attorneys General May Side With The Banks In Foreclosure Fraud Settlement

Several of the nation’s attorneys general have been working on forging a settlement with the nation’s biggest banks over the banks’ role in the foreclosure fraud scandal that broke a few months ago. The banks were found to have systematically violated due process when approving foreclosures, including employing “robo-signers” to sign off on thousands of foreclosures per day.

The leaders of the settlement talks have proposed having the banks pay up to $20 billion for their mortgage misdeeds, with the money going toward reducing mortgage loan principal for troubled homeowners. (Reducing principal is the most sustainable form of loan modification.) However, several Republican attorneys general have balked, siding with the banks, which have lobbied against having principal reductions be part of the settlement deal.

Virginia Attorney General Ken Cucinelli (R), for instance, said principal reductions are akin to “welfare.” So far, eight Republican attorneys general have publicly opposed including principal reductions in the settlement deal. But Georgia Attorney General Sam Olens (R) said yesterday that up to 20 attorneys general may take the banks’ side in this negotiation:

[Olens] estimated that as many as 20 of his colleagues are opponents. “While one AG may want to use it for principal writedowns, other AGs may use it for different methodologies to assist their constituents,” Olens said yesterday at meeting of state top legal officers in Chicago. [...] At least eight attorneys general, including Olens, Texas Attorney General Greg Abbott and Florida’s Pam Bondi, have publicly opposed principal writedowns as part of any deal.

A report from the International Monetary Fund showed that the effect of more aggressive loan reductions on bank balance sheets “is likely to be limited,” and several of the banks involved in the settlement discussions are back to making sky-high profits. But instead of pushing to aid homeowners who were pushed into housing distress through no fault of their own, Republican AG’s are taking their cues from the banks. Olens, in his last election campaign, received $195,000 from the financial services industry, making it his second largest contributor.

Climate Progress

Journey into the weird, wacky world of climate change denial

http://3.bp.blogspot.com/-RE3ztP12gWw/TbqsyvjLILI/AAAAAAAACWE/rnomijOmo2k/s400/twilight-zone%255B1%255D.jpgCLEARING UP THE CLIMATE DEBATE:  Professors Stephan Lewandowsky and Michael Ashley step into the twilight zone of climate change scepticism — where the sun is made of iron and the royals are out to get you. The Conversation cross-post

Science, like much human endeavour, thrives on debate.

Climate deniers want to participate in this debate as equal partners, and feel that they are entitled to be heard and to be taken seriously. This is quite understandable, but by itself does not create an entitlement.

In science, to actually contribute at the forefront of a field one has to earn credibility, not demand it. Being taken seriously is a privilege, not a right.

In science, this privilege is earned by not only following conventional norms of honesty and transparency but by supporting one’s opinions with evidence and reasoned argument in the peer-reviewed literature.

This is what makes science self-correcting. If arguments turn out to be wrong, in time they are caught and corrected by other scientists. It is virtually impossible to publish long-refuted nonsense in good peer-reviewed journals.

Climate deniers, by contrast, seem to avoid the peer-reviewed literature or publish by sometimes abusing the system. Nor do the deniers turn up and present their ideas at any of the many international scientific conferences, open to anyone, where these issues have been explored for decades.

Deniers simply keep restating nonsensical arguments that the scientific community has known to be wrong for a long time.

Read more

NEWS FLASH

Lawmakers Re-Introduce The Equal Rights Amendment In Response To Wal-Mart Ruling | This week, the Supreme Court dealt a blow to 1.5 million women by throwing out their charges of comprehensive gender discrimination by retail behemoth Walmart in a 5-4 decision. In response to the ruling, Rep. Carolyn Maloney (D-NY) and Sen. Robert Menendez (D-NJ) re-introduced the Equal Rights Amendment, a bill that affirms the equal application of the U.S. Constitution to both women and men by declaring “equality of rights under the law shall not be denied or abridged by the United States or by any state on account of sex.” Although the ERA applies to government action and not discrimination by Walmart, ratifying the ERA would serve an important reminder that gender discrimination has no place in American society. Maloney said, “The Equal Rights Amendment is still needed because the only way for women to achieve permanent equality in the U.S. is to write it into the Constitution,” albeit “more than 200 years late.”

Climate Progress

John Abraham Agrees With Al Gore: Climate Action Is Frustrated By The ‘Forces Of Denial’

Dr. John Abraham, a University of St. Thomas scientist with the Clmate Science Rapid Response Team, offers these comments to ThinkProgress Green on Vice President Al Gore‘s Rolling Stone article on the battle between “Science and Reason” and “Poisonous Polluters and Right-wing Ideologues”:

Former Vice President Al Gore’s comments reflect a real frustration that is shared by scientists who are concerned about this issue. Every year, the evidence becomes stronger and stronger as our Earth warms, the seas rise, and the ice melts. Every year, the denial machine trots out new arguments that tries to explain away what we can see with our eyes. Every year, the ranks of the denialists get thinner and thinner and the stature of their members decreases.

Despite this overwhelming consensus amongst people who understand climate, there is a gulf found within the general public. Many people are either not concerned or are dismissive. Part of the apathy is a result of terrible media coverage and a well-funded industrial force against taking climate action. When our media defers to experts from think tanks as experts in climate science, everyone loses.

Al Gore’s statements reflected a hope that many scientists shared, that the new administration would champion the cause of environmental stewardship and would resist the forces of denial. Instead of taking a strong and public stand, the current administration has chosen to work within other frameworks, including using stimulus funding to promote renewable every and relying upon the EPA to work on greenhouse mitigation.

It is not clear which approach would have a greater chance at success. What is clear is that every year we delay action is another year that other countries increase their technological lead on us in this important area of clean power production. Every year that we delay, the solutions become more expensive. Every year we delay is a year that groups like the Heartland Institute and the Cato Institute win, and the rest of us lose.

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