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Sounds like a dumb*** move by the bush administration to me.
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Why? It will cost no money to do it. There is no risk at putting them on an endangered list. If the population will rise to much you still can clear them for firing to control the population. So why wait and take the risk of a extinction of the polar bear?
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No dip in the US bear population has occurred.
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There are not only US polar bears! E.g. in the article it says:
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The ice in Canada's western Hudson Bay breaks up 2 1/2 weeks earlier than it did 30 years ago, giving polar bears there less time to hunt and build up fat reserves that sustain them for eight months before hunting resumes. As local polar bears have become thinner, female polar bears' reproductive rates and cubs' survival rates have fallen, spurring a 21 percent population drop from 1997 to 2004.
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Although there are many other warning signals named in this article.