Debunking Bush’s Misinformed Housing Veto Threat

by Sarah at May 7th, 2008 at 6:47 pm

Debunking Bush’s Misinformed Housing Veto Threat»

bush.JPGIn another display of the Administration’s failure to grasp the needs of struggling American homeowners, President Bush has vowed to veto the housing relief package put forth Congress. This legislation is on track to pass through both houses by end of this week.

The package has two primary components:

1. The Neighborhood Stabilization Act, a measure designed to provide funds for the purchase and rehabilitation of foreclosed properties so they can be restored and used as affordable housing

2. The American Housing Rescue and Foreclosure Prevention Act, legislation to expand access to federally insured mortgages to help troubled homeowners refinance their loans, primarily through an expansion of the Federal Housing Administration (FHA) insurance program.

Below, The Wonk Room debunks Bush’s arguments for vetoing the bill: Read the rest of this entry »

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Memo To Bush: ‘Magic Wand’ Not Needed To Deal With Gas Prices»

President Bush said Tuesday that he has no “magic wand” to affect gas prices. In reality, gas price is “all about government policy.” As the United States has some of the lowest gas taxes in the world, the price at the pump is dominated by the cost of oil:

Gas price pump
Energy Information Administration

The rise in the price of oil in recent years involves four components:

The effects of supply and demand. Exxon Mobil senior vice president Stephen Simon testified the supply-demand equilibrium is at “somewhere around $50-55 a barrel” — about half the current price.

The weaker dollar. Since 2001, “the dollar has lost 45% of its value” against the euro. In 2003 one gallon of gas in the U.S. cost $1.50 and 1.50 Euro. Today’s $3.60 gallon of gas costs only 2.25 Euro.

Geopolitical risk. Since 2003, the United States has been committed to a three-trillion-dollar war in Iraq, the heart of the turbulent oil-producing world. Furthermore, the burning of oil is continuing to increase global warming, “one of the greatest national security challenges ever faced.”

Speculation. “Investors have looked to commodities
not only as a hedge against inflation but as a hedge against the tumbling greenback
.

In recent years, the United States has gotten locked into a vicious circle in which the latter factors worsen each other. Suspending the federal gas tax would exacerbate the problem — in the words of Thomas Friedman, “we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.”

Immediate action to deal with rising gas prices should deal with the root problems, not worsen them. Center for American Progress analysts Sam Davis and Daniel J. Weiss describe how a demand-independent “reliefbate” plan could be paid for by closing several oil tax loopholes. The Washington Post’s Dan Froomkin further recognizes that there are “two hugely significant factors” that President Bush could affect immediately: “the war in Iraq and the value of the dollar.”

But the federal fuel tax is but one brushstroke in a much broader picture. As the Center for American Progress’s energy opportunity agenda states:

The realities of global warming and our growing dependence on oil, much of it imported, will make energy more pivotal than ever to our economic, environmental, and national security fortunes in the 21st century. The challenge we face is nothing short of the conversion of an economy sustained by high-carbon energy — putting both our national security and the health of our planet at serious risk — to one based on low-carbon, sustainable sources of energy. The scale of this undertaking is immense and its potential enormous.

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Yglesias: The Bush Doctrine ‘Doesn’t Go With International Law, Practicality, Or Morals’»

Last Friday, the Center for American Progress Action Fund hosted an event in which blogger Matthew Yglesias discussed his new book, “Heads In The Sand: How the Republicans Screw Up Foreign Policy and Foreign Policy Screws Up the Democrats.”

Afterward, Yglesias sat down with ThinkProgress. He shared his views on a liberal paradigm for the appropriate and productive use of military force. Yglesias said that it is important, first of all, “to have a recognition of what it is possible to achieve with military force”:

One thing that the United States has great success with over the past couple of decades is sort of blowing up discreet, physical targets, and you can accomplish a lot with that.[…] We’ve also seen a lot of success with multi-lateral peace-keeping forces — where different sides in a civil war…say “We want to stop this…but it’s hard to end the war, because we don’t trust each other.” […] The United States has not historically done a ton to support those kinds of missions, and I think we should do more.

We should of course use force to defend ourselves, to defend our allies, and try to expand this sphere of who our allies are and who we can work with in a sort-of defensive way. I think those two kinds of things more or less sum up what you need to do in the core instances when force works and when force is legitimate.

Yglesias also noted the ways that this liberal internationalist approach differs from George W. Bush administration’s reckless and radical doctrine of preventive war:

No president before George W. Bush ever suggested that American security required us to just go decapitate regimes on the theory that they might some day in the future acquire weapons that would be dangerous. So, it’s only been tried once. It’s been a huge disaster. Other countries that have launched preemptive wars historically have always suffered for it. It doesn’t go with international law, and it doesn’t go with common sense—either practicality, or morals.

Watch it:

Full transcript below: Read the rest of this entry »

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Bush Makes Saudi Arabia Disappear

by Brad at April 22nd, 2008 at 6:15 pm

Bush Makes Saudi Arabia Disappear»

At a press conference today with the leaders of Canada and Mexico, President Bush was questioned about the continuing record prices of oil — now $118 a barrel — and the effect on the economy. He blamed Congress for not giving oil companies access to the “neglected hydrocarbons” in the now-melting Arctic and continued:

And now we’re becoming as a result becoming more dependent on foreign sources of oil. Fortunately, Canada and Mexico are our biggest providers, for which we are grateful.

Watch it:

This is not the first time Bush has celebrated Canada and Mexico’s oil imports — in March he claimed that “we get most of our oil, by the way, from Canada and Mexico.”

Bush’s statements would be true — if Saudi Arabia and other OPEC nations were wiped off the map. While Canada is the greatest exporter of crude oil to the United States, Saudi Arabia is a close second. Mexico is in third place, and has been since August 2007. Combined, Canada and Mexico provide about one-third of U.S. oil imports, while OPEC nations provide more than half. Bush’s solution to the problem of American demand fueling “the financial engine of radical Sunni Islam” is to pretend Saudi Arabia doesn’t exist.

Transcript: Read the rest of this entry »

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Bush Throws Out Tools To Fight Global Warming Threat»

Our guest blogger is Robert M. Sussman, a Senior Fellow at the Center for American Progress and former Deputy Administrator of the Environmental Protection Agency.

Bush April 16, 2008 SOURCE:AP/Gerald Herbert President Bush and his administration are trying to block the application of existing environmental laws to the problem of climate change, claiming that a “regulatory train wreck” is on the horizon because “unelected regulators and judges” are taking action. Bush explained last week:

Some courts are taking laws written more than 30 years ago — to primarily address local and regional environmental effects — and applying them to global climate change. The Clean Air Act, the Endangered Species Act, and the National Environmental Policy Act were never meant to regulate global climate. For example, under a Supreme Court decision last year, the Clean Air Act could be applied to regulate greenhouse gas emissions from vehicles. This would automatically trigger regulation under the Clean Air Act of greenhouse gases all across our economy — leading to what Energy and Commerce Committee Chairman John Dingell last week called, “a glorious mess.”

The truth is that our environmental laws were not written to be static. They are flexible tools to address unanticipated or emerging problems that science identifies over time.

The Clean Air Act is a case in point, as the Supreme Court’s Massachusetts v EPA decision illustrates. The administration argued that carbon dioxide and other greenhouse gases are not “air pollutants” under the Act, but the Court rejected this position. It instead concluded that the Act’s definition of pollutant “embraces all airborne compounds of whatever stripe,” and that the Act’s protections against the dangers of air pollution to “public health or welfare” include a wide range of concerns, including effects on climate and weather that can harm people and ecosystems.

Even more far-fetched is the president’s belief that the National Environmental Policy Act (NEPA) was not intended to cover global warming — despite being designed to recognize the “profound impact of man’s activity on the interrelations of all components of the natural environment.” The core of NEPA is the requirement that agencies prepare an Environmental Impact Statement for all “major federal actions significantly affecting the quality of the human environment.” It’s simply not credible to argue that climate change — alone among environmental concerns — does not qualify.

As for the Endangered Species Act, its goal is to protect plant or animal species verging on extinction so that they do not disappear entirely. Why these species are endangered is irrelevant to compliance with the law. Is President Bush suggesting that because the polar bear population is at risk from reduced Arctic ice floes resulting from global warming, it is entitled to less protection under the Act than bald eagles, whose habitat was destroyed by over-development? Clearly, this would make no sense.

Our priority at this juncture should be exploring how we can reduce greenhouse gas emissions and moderate global warming before we run out of time to take meaningful action. We should use every tool at our disposal. Sensibly implemented, existing laws enable us to get started reducing emissions while Congress debates a more comprehensive and complicated approach. Raising a false alarm about existing laws — without any analysis to back it up — is a diversionary tactic that we can ill afford.

Read more here.

UPDATE: Warming Law notes that the Washington Post editorial board bought into Bush’s “train wreck” argument.

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In Review: Bush’s Day Of Climate Contempt

by Brad at April 19th, 2008 at 3:40 pm

In Review: Bush’s Day Of Climate Contempt»

This Wednesday, April 16, the Bush administration took action on several fronts to show his contempt for Congress, the courts, and the planet.

Bush in the Rose GardenContempt for the Planet. President Bush took center stage in the Rose Garden on Wednesday, claiming he has taken a “rational, balanced approach” to climate change and calling for an “ambitious new track” of not capping greenhouse emissions until 2025 — a goal that would spell disaster for the planet. He also denigrated the Supreme Court decision mandating the Environmental Protection Agency to regulate greenhouse gases — a decision he once called “the law of the land.” This contempt underlies actions taken by the EPA and the Department of Justice that very same day.

EPA subpoena refusalContempt for Congress. Also on Wednesday, the EPA’s associate administrator Christopher P. Bliley flatly declined to obey a House Global Warming Committee subpoena for documents relating to EPA’s refusal to obey the Supreme Court mandate. This act of defiance has now “triggered a potential contempt process” against EPA administrator Stephen L. Johnson.

Stephen JohnsonContempt for the Courts. In September of last year, a federal judge ruled against the auto industry’s attempt to block the 17 states who are acting to regulate tailpipe greenhouse gas emissions. This ruling hinges upon California’s petition for a waiver to regulate emissions — the waiver EPA’s Johnson denied in December. Late Wednesday, the Department of Justice sided with the American Automobile Manufacturers’ appeal, citing Johnson’s denial. However, in the EPA’s own judgment, Johnson’s decision will be overturned. With shameless audacity, the administration is now asking an appeals court to compound the error.

UPDATE: Warming Law explains that the Justice Department “is asking that the Second Circuit declare the entire case ‘not justiciable’ on ripeness grounds” — that is, arguing that the case never should even been considered in the first place.

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Don’t Forget Who Is The Commander-In-Chief

by Guest at April 17th, 2008 at 3:20 pm

Don’t Forget Who Is The Commander-In-Chief»

Our guest blogger is Peter Juul, a national security consultant at the Center for American Progress Action Fund.

gibson.JPGAt last night’s Democratic debate in Philadelphia, ABC News anchor Charles Gibson seemed confused as to who sets American policy in Iraq. On similar questions poseed to Senator Hillary Clinton and Senator Barack Obama, Gibson strongly implied that military commanders, not the president, should set American policy in Iraq. Both Clinton and Obama had to remind Gibson that the president sets strategy and policy, and that the military executes it.

But it shouldn’t be surprising that Gibson’s confused about who sets policy in Iraq – both President Bush and Senator John McCain apparently believe the buck stops with General David Petraeus, commander of American forces in Iraq, and not with the commander-in-chief.

In his April 10 speech on Iraq, President Bush portrayed himself as someone who merely accepts the recommendations of General Petraeus. Bush further abdicated his policy-making responsibility by stating Petraeus would “have all the time he needs.” As he made clear in an address to the nation seven months earlier, Bush views his role as one of supporting Petraeus, not acting as commander-in-chief.

John McCain has made clear he would cede his authority as commander-in-chief to Petraeus. At the annual meeting of the Associated Press, McCain was asked if he would divert troops from Iraq to Afghanistan. His reply: “I would not do that unless General Petraeus said that the situation called for it.” McCain, who has touted his national security credentials on the campaign trail, has preemptively avoided the responsibility for making hard strategic choices about America’s broader national security strategy.

For his part, General Petraeus has not made such far-reaching claims for his own authority. He correctly noted in his Congressional testimony that questions of overall American strategy and policy are outside his bailiwick as commander of American forces in Iraq. As he told the Senate Armed Services Committee, “I’ve been sort of focused on another task.”

Both President Bush and Senator McCain have sought to hide their unpopular Iraq policy behind the four stars of General Petraeus. They have passed the buck on their real and potential responsibilities to set American strategy as commander-in-chief.

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Earth To Bush: We Can’t Wait 15 More Years

by Brad at April 16th, 2008 at 3:54 pm

Earth To Bush: We Can’t Wait 15 More Years»

Planet EarthPresident Bush just delivered his Rose Garden global warming speech:

If we fully implement our strong new laws, adhere to the principles I’ve outlined, and adopt appropriate incentives, we will put America on an ambitious new track for greenhouse gas reductions. The growth in emissions will slow over the next decade, stop by 2025, and begin to reverse thereafter, so long as technology continues to advance.

At the White House press briefing today, James Connaughton, chairman of the White House Council on Environmental Quality, heaped praise on Bush’s plan:

I would just observe, Europe as a union has stated a mid-term goal. They are working on how they’re going to implement that in each member state. Canada has stated a mid-term goal. The United States has now stated a mid-term goal.

We are the only three that have done that so far, but we know that all of the other major economies are working on it, and so we’re giving our own signal about how we’re structuring what we’re going to do, and hopefully they’ll reflect off of that and make appropriate decisions for their economies as well.

Let’s review:

EUROPE CANADA UNITED STATES
2020 Target For Greenhouse Emissions 20% below 1990 levels 1990 levels No target; keep increasing until 2025
Mechanism Mandatory cap-and-trade system, performance standards, international offsets Voluntary efficiency standards Tax cuts for industry

Vice President Al Gore rightly described Canada’s plan when the Conservative government released it last year as “a complete and total fraud.” Bush’s proposal is sheer lunacy.

Bush’s plan, if the rest of the world followed suit, would push the planet into territory never before seen in the history of human civilization. For his senior environmental adviser to even compare this to Europe’s mandatory and unilateral commitment to aggressive greenhouse reductions is beyond shameful.

UPDATE: Climate Progress and Gristmill have more. The U.S. Climate Action Network links to responses from member organizations, including the Center for American Progress.

UPDATE II: Warming Law notes Bush’s astounding contempt for the Supreme Court.

UPDATE III: Responses from House global warming committee chairman Ed Markey (D-MA), Senate environment committee chairman Barbara Boxer (D-CA) and ranking member James Inhofe (R-OK), Campaign for America’s Future, and Energy Smart.

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Right Wing Enters Second Stage Of Climate Solution Acceptance: Anger»

George W. Bush, angryPresident Bush is prepared today to deliver his “rational, balanced approach to these serious challenges” of energy use and global warming. Earlier this week, members of the Bush administration met with members on the Hill on the issue, and then gave the scoop to the right-wing Washington Times. What Bush is offering — the goal of capping emissions by 2025 — is worse than what he claimed he would do in 2000 as the Republican nominee for president. Since that day, the administration has stripmined the economy and the environment at the behest of the energy industry. Aware of his lame duck status, Bush has moved on from denial to bargaining.

The core of the right wing, however, is still in denial, and the prospect of Bush leaving their camp has thrown them into incoherent rage.

Iain Murray at the National Review’s Corner blog:

I cannot emphasize too much how idiotic this is. At a time when the poor of the country and the world are feeling the twin crunches of credit being withdrawn and food and energy prices rising, jacking up energy prices farther will just add insult to injury. The fat cat traders of Wall Street will be licking their lips, of course. Meanwhile, House and Senate Republicans and (yes, some) Democrats who have stood up for the American consumer against this insanity will be left hanging. Those who voted for Bush in the mistaken belief they wouldn’t get Gore’s policies will have been betrayed. The political center on energy and environment will be jerked massively to the left. Some acheivement [sic].

Mr. Bush, if you think this will secure your legacy, you are right. Your legacy will be just one word: Recession.

People need to get very, very angry about this. I know I am.

Tony Blankley in the Washington Times:

Just as an increasing number of scientists are finding their courage to speak out against the global warming alarmists, and just as a building body of evidence and theories challenge the key elements of the human-centric carbon-based global warming theories — President Bush takes this moment to say in effect: “We are all global alarmists now.” […]

All he can do is set the stage for next year’s legislation, by giving away the rhetorical store and weakening the already modest backbone of Republican legislators.

The liberal world order will not let go of their global-warming assault on free economies until hell freezes over — by which point, obviously, the global-warming theory will be visibly disproven.

Chris Horner at the National Review’s Planet Gore blog admits the right wing’s real fear:

[T]he president will have caused harm by embracing the global-warming agenda, regardless of the specifics of what he calls for today. The moment he legitimizes the agenda, he will have lost control of the issue.

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