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President Obama Denies Keystone Pipeline Project [VIDEO]

President Obama Delivers Statement On Payroll Tax Cut Extension Bill
Michael Reynolds-Pool/Getty Images

The unpopular decision was formally made today by President Obama to reject the proposal of the $7 billion oil pipeline, the Keystone XL project, linking Alberta with refineries in the Gulf of Mexico. Republican presidential candidates sounded off on the decision.

Rick Perry says he hopes Americans will really become unhinged by this decision. he also feels Obama made the decision with his eye on winning the next term of his presidency rather than what’s best for the country.In rejecting the pipeline President Obama stated, “The rushed and arbitrary deadline insisted on by Congressional Republicans prevented a full assessment of the pipeline’s impact, especially the health and safety of the American people, as well as our environment.” What Obama is referring to is the rushed deadline that congress included it in the Payroll tax cut bill Obama signed in December.

Both sides, Democrats and Republican, have voiced their disappointment in the President’s decision. Hundreds of thousands of jobs could be created if the project is accepted and in these economically tough times,

What do you think, Montanans? The pipeline would most likely create jobs for many Montanans but it will also be cutting through our state. Was the president right in waiting until a more thorough process of planning can be fulfilled? He has stated that the Canadian company, TransCanada Corp., can still reapply for approval in the future. Is President Obama simply delaying his decision to maintain voters in the coming election?

Here is a video to help understand a bit more about the controversial pipeline.

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