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Politics : President Barack Obama
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To: Broken_Clock who wrote (81372)8/21/2010 12:47:46 PM
From: ChinuSFO  Read Replies (1) of 149317
 
This Administration is still appearing very inexperienced even though they have very smart and intelligent folks including the President himself. They have succumbed to pressures and acted in haste on some occasions such as the order to close Gitmo and the rescinding it, making the comment on the Cambridge case and then relenting with a beer summit, the not so well thought out comment on the Cordoba center, and it now seems the drilling ban that was issued and the decision to not pursue it further after a judge lifted the ban.

A lesson learnt from this is that at least in the initial years in office ex-Governors make better Presidents than ex-Congressmen with some exceptions (Bush and Carter)
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U.S. officials saw drilling ban costing jobs: report

WASHINGTON | Fri Aug 20, 2010 10:32pm EDT

WASHINGTON (Reuters) - Senior U.S. officials expected the deepwater drilling ban to cost about 23,000 jobs and hold up $10.2 billion in investments, The Wall Street Journal reported on Friday, citing federal documents.

The Obama administration issued the initial moratorium in late May after the huge BP Plc oil spill in the Gulf of Mexico. The ban spurred opposition from oil companies and local lawmakers who said it would exact a heavy toll in jobs and hurt crude production in coming years.

After a federal judge threw out the original ban partly on grounds it was economically unjustified, the Interior Department issued a new moratorium on July 12, barring new oil drilling in the Gulf of Mexico through November 30.

...contd at reuters.com
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