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Democrats Admit That Their Cap and Trade Bill Is a Job Killer
Peter Roff
U.S. News & World Report
Monday, July 6, 2009
According to Friday’s Washington Times, the legislation includes language that provides, should it become law, that people who lose their jobs because of it “could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits—courtesy of Uncle Sam.”
How generous are these benefits? Well, according to the Times, “Adversely affected employees in oil, coal and other fossil-fuel sector jobs would qualify for a weekly check worth 70 percent of their current salary for up to three years. In addition, they would get $1,500 for job-search assistance and $1,500 for moving expenses from the bill’s ‘climate change worker adjustment assistance’ program, which is expected to cost $4.2 billion from 2011 to 2019.”
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Instead of being a the source of millions of new jobs of “green jobs”—as House Democrats are fond of saying over and over again—the provision is a hidden admission that their effort is a job killer, not just a massive new tax on energy.
Building a safety net into the legislation is probably the responsible thing to do. The government is going to be directly responsible for the destruction of millions of jobs if the bill passed by the House becomes law—anywhere from a net loss of .5 percent of total jobs over the first 10 years, according to the liberal Brookings Institution, to 3 million by the year 2030, according to the industry-backed Coalition for Affordable American Energy.
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14 Responses to “Democrats Admit That Their Cap and Trade Bill Is a Job Killer”
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July 6th, 2009 at 10:32 am
What is the difference between a Democrat and Islamic terrorist? The Democrats are overthrowing our Nation much faster and more completely than the terrorists ever will.
End The Fed Reply:
July 6th, 2009 at 7:30 pm
Whats the difference between a Demoncon and Rebublicrat? Answer; nothing, they’re
bought and paid for by the same offshore criminal banksters.
captain america is back Reply:
July 7th, 2009 at 8:26 am
They just keep coming up with soooooooooo many wonderful ideas…. It’s getting hard to keep up with them all… This is such a pile of crap tied up with a bow…
SCAM SCAM SCAM !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The spiritual revolution in happening and I want everybody to check out this web site I found. It has got everything. http://www.thegrandawakening.com
July 6th, 2009 at 10:42 am
I guess LUCY LIB is wrong! Obama is costing jobs, not creating them, AND THEY ADMITTED IT!
July 6th, 2009 at 11:27 am
Cap & Trade along with National Health care are the last pieces of toilet paper.
July 6th, 2009 at 2:58 pm
http://www.thegrandawakening.com/index.html
The Best Wake up site on the NET………You need to send your family here to wake them up!
July 6th, 2009 at 2:58 pm
Tons of Alex Jones videos, clips and movies…..FREE !!!!!!! http://www.thegrandawakening.com/index.html
July 6th, 2009 at 5:52 pm
I just watched this video called, “The Great Global Warming Swindle.” It’s a British production, but the information is top-notch! The best I’ve seen. Check it out:
http://video.google.com/videop.....0655100870
These Cap and Trade freaks are lying so bad about Global Warming that it is pathetic. I am so ashamed of them. After you watch the video, you’ll know how bad their lies really are, too.
July 6th, 2009 at 6:02 pm
Nancy Pelosi is truly evil. We can thank the folks in San Francisco for providing this piece of work.
July 7th, 2009 at 5:31 am
We’re the Government…we’re here to hurt (cough) help you…
July 7th, 2009 at 10:13 am
Just cool it with the religious BS. Alex Jones does the same crap, and all it does is hurt the cause. Yes, we all have freedom of religion and speech, but it makes him and his show seem like a GOD show instead of truth show. LA Confidential said it best; Stick with the facts, Jack. Just the facts.
July 7th, 2009 at 11:39 am
First Contact is about to happen. These are exciting times. A whistleblower and several persons associated with the Obama Administration have come forward to FINALLY reveal the truth about Extra-Terrestrial existence. There is a benevolent race called the Galactic Federation of Light, a consortium of 1200 inhabited planets which have reached a deal for final First Contact. Google & You Tube First Contact and learn the truth.
This is all a part of 2012 and the Ascension process. Visit this web site and learn what these kind ET brethren want us to know and how to prepare:
http://www.thegrandawakening.com/services.html
misunderstood genius Reply:
July 7th, 2009 at 4:57 pm
were not ditzes.
July 7th, 2009 at 2:54 pm
I am in a state of utter disbelief. How anyone can believe putting massive carbon taxes on everything, will create jobs. The “Green” jobs will be in China, India and Indonesia, where slaves will make everything, EXACTLY HOW IT IS NOW. I just cannot fathom the stupidity in the world.