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Drudge Report
Drudge banners: "IOU" and links to this LA Times story on the budget crisis in California. And the U.S. says North Korea does not appear to be readying a missile launch in this Bloomberg story is also highlighed on Drudge. ... READ MORE

Huffington Post
The Huffington Post banners: "Obama's first major military operation underway in Afghanistan" and links to this AP story. Unemployment to hit a 9.6 percent, a 26 year high, according to this AP report, highlighted on the HuffPo. And Jesse Berney ... READ MORE

HotAir
The Obama administration doesn't see the contradiction between calling for free elections in Honduras and staying out of the election in Iran, writes Allahpundit. And veteran White House reporter Helen Thomas went "nuclear" on the White House for controlling the ... READ MORE

DailyKos
Alaska Gov. Sarah Palin (R) wants to president but "she couldn't even get her own campaign's scheduling staff to give her enough time to run," writes Jed Lewison. And South Carolina Gov. Mark Sanford's (R) recent confessions have set off ... READ MORE

Townhall
South Carolina Gov. Mark Sanford's (R) Republican enemies hope he stays in office, writes Matt Lewis. And, drawing on examples from other countries, Carol Platt Liebau writes what ObamaCare "really means." READ MORE

OpenLeft
Advancing the debate over torture is always going to be difficult, writes Daniel de Groot. And Mike Lux takes a look at the fight over a new Pecora commission. READ MORE

RedState
The press is "finally" calling out the Obama administration for controlling the press, writes Paint it Red. And Moe Lane takes a detailed look at the 2010 election and the ages of several Democratic committee chair people. READ MORE

MyDD
Mitt Romney appears to be urging Republicans to stand up to President Obama, writes Charles Lemos. And Lemos also writes that South Carolina Gov. Mark Sanford (R) must think the Associated Press is a "licensed therapist." READ MORE

Powerline
Rep. Robert Wexler (D-Fla.) appeared to open the door to the Obama administration making more demands Israel in the peace process while in the country, writes Paul. And new polling shows that support for Supreme Court nominee Sonia Sotomayor is ... READ MORE

Matthew Yglesias
The entire committee system in Congress "leaves a lot to be desired," writes Matthew Yglesias. And Yglesias also points out a general thought among the punditry right now: Congress is asserting its dominance in setting and controlling the agenda, not ... READ MORE

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June 2, 2008

Bush: Warner-Lieberman Climate Change Bill Is Too Costly

@ 11:44 am by Walter Alarkon

President Bush argued against the cap-and-trade climate change proposal the Senate is debating Monday, calling it a "huge spending bill fueled by taxes."

Bush, in remarks to the press about the economy and tax cuts, said that the bill being pushed by Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.) would cost about $6 trillion, a price tag too high for the U.S. economy.

"You know, there's a much better way to address the environment than imposing these costs on the job creators, which will ultimately have to be borne by American consumers," Bush said. "I urge the Congress to be very careful about running up enormous costs for future generations of Americans."He continued: "We'll work with the Congress, but the idea of a huge spending bill fueled by taxes increases isn't the right way to proceed. And the right way for Congress to proceed on taxes in general is to send a clear message that these tax relief we passed need to be made permanent."

The Warner-Lieberman bill calls for specific caps on greenhouse gas emissions by industries. It also proposes a system through which companies could buy and sell credits that allow them to give off emissions.

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