Welcome to ASFN Fan Forums! We're glad to have you here. Please feel free to browse the forum. We'd like to invite you to join our community; doing so will enable you to view additional forums and post with our other members.
Registered Members don't see these ads. Register now it's free!
WASHINGTON (CNN) – The Senate overwhelmingly passed a spending bill Saturday that allows a 26-year ban on offshore oil drilling to expire, subsidizes federal loans for automakers and offers aid to Gulf Coast hurricane disaster victims.
The House already passed the $600 billion stop gap funding bill on Wednesday. The bill, which passed the Senate on a 78-12 vote, will continue government spending at the current level through March 6, 2009.
President Bush is expected to sign the measure.
The end to the ban on oil drilling off the Atlantic and Pacific coasts is a major victory for Republicans. Speeches at the Republican National Convention last month were often interrupted with chants of "Drill, baby, drill."
The ban will be lifted October 1.
Republicans on Capitol Hill have seized on drilling as a major election year issue, citing multiple public opinion polls that show a majority of Americans support more offshore drilling. House Speaker Nancy Pelosi, D-California, had incurred Republican wrath for originally blocking any vote on drilling before allowing a vote on limited drilling earlier this month.
The spending bill includes $25 billion in loan guarantees for U.S. automakers, $23-24 billion in disaster aid for flood and hurricane recovery efforts, $2 billion for Pell grants for student loans and $5.2 billion for low-income energy assistance.
Democrats decided to get a vote on this funding measure out of the way but plan to move an economic stimulus package separately. The stimulus package is still being crafted but would likely include an extension of unemployment benefits, food stamps, aid to states for Medicare and Medicaid and billions for infrastructure programs designed to add more jobs to a slowing economy.
Registered Members don't see these ads. Register now it's free!
WASHINGTON (CNN) – The end to the ban on oil drilling off the Atlantic and Pacific coasts is a major victory for Republicans. Speeches at the Republican National Convention last month were often interrupted with chants of "Drill, baby, drill."
The ban will be lifted October 1.
.
Freakin' Idiots... Jeezus these Dems are a bunch of *******...
State of CA will never go for it... HULK SMASH!!!! Are these Morons ever goin to realize that the Pub control is over and Bush is on his way out! FCOL, you put an election year on and they forget they are Democrats!!! GAWD!
__________________ Goin' "Double Maverick!"
Last edited by LoyaltyisaCurse; September 27th, 2008 at 02:03 PM.
Don't worry about them drilling off the coasts. I saw a segment on CNBC, and we don't have any massive deposits that are easily reached off our coasts, and while the Republicans are pushing for it, CNBC said many oil companies told them they aren't interested in drilling off our coasts. Too much money for rigs and drilling versus the amount of oil they can get per rig. There's still many easier places in the world to get oil. They are going for the low hanging fruit first.
__________________ KOC Rules!
Yuma's Dad RIP 03/22/07
I still have a gut feeling Shaq will be better next season (2008/2009) after our docs have a full off season to work their magic on the Big Saguaro!
makes me sick .. It nice that GM and Ford get bailed out so they can continue to make there crappy vehicles that no one wants. I am so tired of this bailout BS and just wished they would let it crumble
Don't worry about them drilling off the coasts. I saw a segment on CNBC, and we don't have any massive deposits that are easily reached off our coasts, and while the Republicans are pushing for it, CNBC said many oil companies told them they aren't interested in drilling off our coasts. Too much money for rigs and drilling versus the amount of oil they can get per rig. There's still many easier places in the world to get oil. They are going for the low hanging fruit first.
That is a good take. I agree.
__________________
In politics, nothing happens by accident. If it happens, you can bet it was planned that way.
Franklin D. Roosevelt
"Those who can make you believe absurdities can make you commit atrocities." --Voltaire
Are these Morons ever goin to realize that the Pub control is over and Bush is on his way out! FCOL, you put an election year on and they forget they are Democrats!!! GAWD!
Linear Mode
