Dear Readers;

Barack Obama is about as spineless as ya can get folks.

He caved in to the left wing tree huggers, and cost the United States tens of thousands of jobs at a time when employment is one of the main concerns of the nation!

All for a few more votes during the election this fall.

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WASHINGTON (Reuters) – The Obama administration on Wednesday rejected the Keystone crude oil pipeline project, a decision welcomed by environmental groups and the Hollywood types, but blasted by the domestic energy industry and Republicans.

U.S. President Barack Obama said TransCanada’s application for the 1,700-mile (2,740-km) pipeline was denied because the State Department did not have enough time to complete the review process.

“This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people,” Obama said in a statement.

With environmental groups concerned about carbon emissions from oil sands production, the administration in November delayed a decision on a presidential permit for the project until 2013.

But lawmakers that support the project attached a measure to a tax-cut law passed at the end of last year that set a February deadline for a decision.

(Additional reporting By Timothy Gardner, Jeffrey Jones, Arshad Mohammed; Writing by Ayesha Rascoe; Editing by David Gregorio and Russell Blinch)

http://ca.news.yahoo.com/obama-set-reject-keystone-oil-pipeline-sources-165859308.html