New EPA rules will cost more than 800,000 jobs, probably far more, according to a newly released congressional report. That includes the EPA’s first set of rules “for Greenhouse Gas Emissions,” and “new standards for commercial and industrial boilers.” Indeed, the boiler rules alone could cost close to 800,000 jobs.
This shouldn’t be a surprise. In 2008, President Obama admitted that under his greenhouse gas regulations, people’s utility bills would “skyrocket,” and coal-fired power plants would go “bankrupt.” The EPA’s own internal documents show that the administration’s global warming regulations will result in a massive “loss of steel, paper, aluminum, chemical, and cement manufacturing jobs.”
It’s not just the administration’s global warming regulations that will wipe out jobs. The stimulus package contained so-called “green jobs” funding, 79 percent of which went to foreign firms, replacing American jobs with foreign green jobs. A recent biofuel program actually wiped out jobs rather than creating them as intended, while costing taxpayers a lot of money.
The administration’s energy policies presume that central planners know better than private citizens and companies about how to create jobs and allocate capital. But government officials, unlike private companies, have little incentive to make economically wise decisions, since they don’t pay the cost of their own mistakes, but rather pass them on to taxpayers. The Justice Department, for example, often ignores the misconduct and constitutional violations committed by its own employees, while the federal Energy Department is one of the biggest violators of America’s environmental laws.
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President Obama is famous for becoming the first black President of the US. But the way he his letting the EPA regulate CO2 emissions in the US, Obama will almost certainly become infamous for pursuing policies ruining the world’s greatest ever economy.
How sad it is that Obama, who has openly spruiked the “Spanish Model” in his determination to go ‘green’, has failed to understand that the “Spanish Model” has been publicly acknowledged, by none other than the Spanish Prime Minister, as having caused untold damage to the Spanish economy and is simply not viable as a replacement for cheap and abundant traditional energy from fossil fuels to drive a modern economy.
In any case, why the need to regulate CO2? Well let’s just cast our minds back to 1988.
In Senate testimony during the summer of 1988, didn’t NASA scientist, James Hansen, testify that his GISS climate model’s predicted temperatures will accelerate to much higher levels if the world’s governments did nothing about reducing CO2 emissions? That kick-started the concern over man-made global warming. In reality, the actual temperatures in 2009 were about the same as in 1988… some twenty years later.
It therefore defies all logic for the EPA to be regulating CO2 emissions when commonsense dictates that the ‘problem’ predicted by James Hansen in 1988 has not happened. There reality is that there really is no problem.
So why can’t President Obama understand this? Is he just surrounded by too many idiot advisers? Or Is he just thick?
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