Comments on: Boxer Delays Senate Climate Bill Until September

By: hsr0601

hsr0601 — Sun, 12 Jul 2009 08:09:41 +0000

In regard to the stimulus investment, my understanding is as follows:

1. The current surging fuel cost (World oil prices doubled during the last 6 months) is overwhelming the market rally.
And the pending clean energy bill might serve as a second stimulus package world-wide boosting private investments.

2. People are so worried about losing their job, coverage, denial of treatment, which seems to increase bank deposit latetly. That means stimulus funding mainly goes toward bank deposit for a rainy day increasing jobless rate. It proves again that a healthy society yields better productivity, prosperity.
It is time to 'Change' the notion of the public health as a fundamental human right and install 'a safety system for all' like all of the other industrialized nations, I think.

3. The stimulus funding begins to mobilize just 11%, meanwhile, the auto industry has undergone its restructuring with the massive job-related impact.

4. The pandemic swine flu has been hurting the global economy seriously.

By: JohnR

JohnR — Fri, 10 Jul 2009 15:21:34 +0000

The House had to pass SOMETHING to satisfy their environmental base. They did the best they could, which isn't saying much. A 1400 page Rube Goldberg contraption that nobody read: $650B in new taxes, with a green veneer that does virtually nothing to reduce CO2. Boxer realizes this has zero chance to pass in the Senate, and rule #1 is you don't take on a fight you know you can't win. They'll let the dust settle, look to do major re-writes, and maybe even put nuclear back on the table to siphon off a few Republicans. They wouldn't even do that if it weren't for their desperate desire to find huge new tax revenues.

By: rt

rt — Fri, 10 Jul 2009 13:26:36 +0000

Why would anyone pay any attention to that idiot Boxer. Is this the best that California can come up with for the Senate?

By: hareynolds

hareynolds — Fri, 10 Jul 2009 03:45:55 +0000

Considering that "global warming" STOPPED in 1998, even as CO2 levels continued to climb, AND there have been fewer days with sunspots in the last year than at any time since 1913, DELAY on this idiotic bill is probably a smart move.

Have a good long read at wattsupwiththat.com

By: Marty Barfowitz

Marty Barfowitz — Thu, 09 Jul 2009 18:06:26 +0000

Wow, Boxer's committee is really becoming the place where incredibly important legislation goes to die. It seems like it's no different than if James Inhofe were still in charge.