The Conservative Cave
Current Events => Political Ammunition => Topic started by: Chris_ on August 05, 2009, 11:26:31 AM
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Climate Bill to Raise Energy Costs, Kill Jobs: Fed Study
Despite President Obama's prediction that it would create new jobs, the climate change bill passed by the House will mean fewer jobs by 2030 than if Congress did nothing at all, according to the first comprehensive study of the measure by the federal government.
The report by the Energy Department's Energy Information Administration said the bill would lead to small increases in electricity costs for consumers -- what Democrats said was an affordable sacrifice for the environmental benefits of lowering greenhouse gas emissions.
*snip*
But a chart in the EIA report showed the employment rate -- just like the economy as a whole -- worsening for the first several years, improving slightly in the midterm, peaking in 2024 and then declining steadily. It showed 0.25 percent fewer jobs in 2030 under the Democrats' bill, with the manufacturing sector suffering a 2.5 percent lag.
For the economy as a whole, immediate energy price spikes would be followed by relative calm as the economy adjusted. But when stricter rules go into effect in 2025 "the rapid increase in energy prices causes the economy to contract," EIA said.
...yet another inconvenient fact that Uncle Eg0 missed.
MORE (http://www.newsmax.com/us/climate_bill_energy_costs/2009/08/05/244129.html)
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0Bama will learn nothing from the failed efforts in Europe of trying this. Socialists are so stupid, they never learn from history and always think they will be the ones to succeed. Instead they just plain suck.