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Friday, January 7, 2011

Death via Cap and Trade

This article  is a must read for anyone who still believes that the Obama administration wants to save or create jobs, even green jobs. At the rate this administration is putting new rules and regulations into effect, by the end of Obama's four years we will have  probably lost more of our business than any other time in our history.

Take all the jobs that have been lost in the shutdown of oil drilling in the gulf. Even if they decide to permit more drilling or continue the permits that were stopped after the gulf oil spill, many of those will never come back. Then you have the permits that have been rescinded for mining and the people who are associated with that who have lost businesses. Add in the coal fired energy plants that are about to be shut down.

Then you have all the American people who will not be able to afford to heat and cool their homes and businesses. Those businesses will have to choose between keeping people working and paying their bills. Is there any question which they will have to do.

Then you have the increased cost of fuel. Mr. Chu, the Energy Secretary has stated that he would like to see gas at $9 a gallon. It is projected to reach $5 this year. At that price every industry that relies on the shipping industry will be forced to raise their prices. The increase will have a boomerang effect on everyone in this country.

 .» The EPA’s Backdoor Cap and Trade Policy’s Obvious Impact - Big Government: "There are a few responses that take a theoretical approach to the question, but National Journal and it’s guests don’t have to go far to look for a real answer, supported by research. According to a study published recently by the National Alliance of Forest Owners, the Tailoring Rules will have a definite – and immediately felt – negative impact on the economy.
A newly released economic impact study finds that the Environmental Protection Agency’s “Prevention of Significant Deterioration and Title V Greenhouse Gas Tailoring Rule” jeopardizes over 130 renewable energy projects, between 11,000 and 26,000 green jobs, and $18 billion in capital investment across the country. The risk of reduced capacity also could prevent as many as 30 states from meeting national renewable energy targets."


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