It’s a bloated, industry-friend piece of crony capitalism. And its breath stinks.
The House starts work on the monstrosity that is the Energy Bill today, and could vote on it as early as tomorrow.
It contains this hideous provision, a naked givaway to big industry that would "bypass Congress’s normal spending process to funnel up to $2 billion over 10 years into research for recovering oil and gas from the deep waters of the Gulf of Mexico."
And that’s just the beginning. It’s difficult to describe just how reprehensible this bill is — an exquisite example of the crony capitalism and patronage network that have long since replaced responsible governance for the ruling party in this country.
Check out this Moving Ideas page on the bill, its specific provisions, and what you can do to stop it.
(And also check out this NYT editorial.)