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Submitted by Robert Naiman on 8 December 2011 - 8:20pm
Remember, "It's the Economy, Stupid?" So how come Democrats in Congress - over the objections of the Obama Administration - are helping Republicans press sanctions on Europeans who buy oil from Iran - sanctions that would increase unemployment in the U.S. during the 2012 campaign?
The National Defense Authorization Act now contains a Senate amendment by Republican Senator Mark Kirk - supported by many Democrats in Congress - that would sanction European banks and companies that do business with Iran's Central Bank, in order to stop Europeans from buying Iranian oil. This is a big deal, because Iran is the world's fifth-largest oil exporter, and blocking Iranian oil exports to Europe would raise the price of oil, in Europe and in the United States.
Kirk's amendment would hurt the U.S. economy, at a time when economic contraction in Europe could push the U.S. back into recession.
Is fear of the economic blowback of the sanctions on Europe that Kirk wants to impose justified? Many Europeans seem to think so.
On Tuesday, Reuters reported:
The European Union is becoming skeptical about slapping sanctions on imports of Iranian oil, diplomats and traders say, as awareness grows that the embargo could damage its own economy without doing much to undercut to Iran's oil revenues.
"Maybe the aim of sanctions is to help Italy, Spain and Greece to collapse and make the EU a smaller club," one trader joked.
The remark reflects the growing unease that EU sanctions would hit hardest some of the continent's weakest economies, because Iranian oil provides the highest share of their needs, not to mention the rest of the bloc.
Submitted by Robert Naiman on 31 August 2011 - 12:34pm
The key political fact about the proposed Keystone XL tar sands oil pipeline from Canada to the Gulf of Mexico is this: at the end of the day, the decision of whether to approve the permit for the pipeline or not will be a political decision wholly owned by President Obama.
The final determination on the permit will be based whether approval would be in the "national interest" of the United States. This is an inherently political determination. By denying the permit for the pipeline, President Obama can take a concrete action against climate chaos without securing one Republican vote, without spending one tax dollar, without getting approval from the Tea Party.
If, on the other hand, President Obama were to approve the permit for the pipeline, then he would be acting to promote climate chaos, and this decision could not be blamed on the dispute over the nation's projected debt in 2021, Republicans or the Tea Party. It would be President Obama, standing alone, breaking a campaign promise to act to protect the climate from chaos induced by human action.
This is a global justice issue, because climate chaos is inherently discriminatory against the poor and the weak. A hurricane that strikes Haiti and Florida with the same force is virtually guaranteed to hurt Haitians more, because Haiti has fewer resources to protect its citizens against hurricanes. More Haitians have inadequate shelter to start with; the infrastructure for emergency response is weaker; the health care system is weaker. So any action which has the effect of making hurricanes more intense is going to have disparate impact on Florida and Haiti, for the future as far as we can see.
The Intergovernmental Panel on Climate Change has noted: