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Obama punts on climate

No surprises here:

The Obama Administration has, tragically, signaled it may retreat on two major climate issues.

The UK Guardian reported Friday:

Barack Obama’s grand vision of action on climate change shrank to $200m a year to fund research into clean fuel cars, with signs of retreat on the big environmental issues of the day….

But on the most immediate environmental decision in his in-tray — the future of the controversial Keystone XL pipeline project – White House officials indicated on Friday that Obama’s green and liberal supporters would be in for a disappointment. Officials signalled that the president was inclined to approve the project.

(via ThinkProgress)

On the plus side, this may very well mean that it doesn’t really matter if he institutes chained CPI and otherwise cuts social security and Medicare, as we may not be around to experience the devastation when the effects of those cuts really kick in. (By the way, as the Think Progress writer notes, since Obama needs Congressional approval for the money on clean fuel, and he’s not likely to get it, it really means he’s doing pretty much nothing on the entire issue. Money talks in the Obama administration; not as loudly as it would have with Romney, but plenty loud enough)

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