| rogermashedspud ( @ 2009-06-26 18:06:00 |
| Current mood: | crazy like a fox |
House Passes Energy Bill, 219-212
The House has approved the American Clean Energy & Security Act by a vote of 219 to 212. The climate change bill, a legislative priority of Pres. Obama's, centers on a renewable electricity standard and a cap-and-trade policy aimed at reducing greenhouse gas emissions. The Senate is likely to take up the legislation after the July 4th recess.
"My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."
To borrow money on the credit of the United States;
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
To provide for the punishment of counterfeiting the securities and current coin of the United States;

Have a nice weekend.

