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Sen. Vitter voices astonishment over disregard for moratorium’s economic effects

Posted on 23 September 2010

US Sen. David Vitter expressed his astonishment at the Obama administration’s handling of the moratorium at a US Senate Small Business Committee hearing on 15 September. Specifically, Sen. Vitter was frustrated at an administration official’s admission that no economic analysis of the moratorium’s effects was conducted prior to the issuance of the moratorium.

“I’m astounded that the Obama administration conducted no economic analysis before making the decision to issue the moratorium. This reckless disregard for the economic well-being of the Gulf region is frankly inexcusable,” he said.

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