I for one can easily retract my support and wait out the 2012 Palin candidacy.
The bill would open up a tiny little smidgen of space on the Outer Continental Shelf for oil and gas exploration — just enough that Democrats who vote for it can claim to be pro-drilling, neutralizing one of the Republicans’ most energizing issues going into the November elections. But the benefits of the bill’s meager drilling provisions would be negated (and then some) by $30 billion in tax hikes on U.S. oil companies, placing our own domestic producers at an additional disadvantage compared to their overseas competitors. In exchange for very little new supply, these companies would pay higher taxes related to the crucial activities of exploration and refinery-capacity expansion. To nobody’s great surprise, the industry is not eager to accept this trade.
Perfect. A "drilling" bill which does not actually permit drilling -- thus ending all possibility of expanded drilling in the future. The Democrats will say, correctly, "Well, we voted for a 'drilling bill' last time and supplies did not rise and prices did not fall. So isn't our precious ecosystem more important than expanded drilling, which has been proven not to work?"
It's better to have no bill at all than a phony one which dishonesty "proves" there's simply no point to drilling more American oil.
There are a large number of people that believe this is just the McCain camp trying to throw Obama off. The same way he did when allowing people to think he was going to pick Lieberman for VP. I certainly hope so.
It took me a long time to even consider voting for McCain. I must admit, the Palin pick was what finally brought me to decide to pull the lever for him. If this turns out to be true, he can stick that lever where the sun don't shine.
Follow the link above for Ace of Spade's take and contact info for the RNC.