Obama has lifted the ban on deep-water oil drilling prior to the original Nov. 30 expiration date - though months will pass before anyone gets back to work and draws a paycheck. The political, rather than safety-oriented, nature of the ban is painfully apparent. Everyone understands that Obama needed to do something in the wake of the worst environmental disaster in American history. The decision to simply stop all drilling and wait, however, has been devastating to the coastal economy - and this during the worst recession in recent history.
To add insult to injury, during Obama's moratorium on deep-water drilling, he committed $2 billion in funding to an off-shore drilling company ... in Brazil. As the WSJ put it: "Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home."
Lifting the ban will now annoy the left (which wants a permanent ban on all wealth-producing activities) and remind the right that the moratorium was a foolish overreaction in the first place. Just another nail in the Democrats' coffin.