Over the past few weeks I have posted a number of pieces on the cost of the Obama-Biden administration’s energy policy to the American taxpayer in the increase of electricity rates and the loss of jobs.
(Cartoon courtesy of americanenergyalliance,org)
Do you remember President Obama’s 2012 campaign promise that, if reelected, he would create one million new manufacturing jobs by the end of his second term? It looks like this will be another Obama unfulfilled promise as we have lost jobs over the past two months.
Now we learn that some four million jobs are at risk by the new EPA rules over the next 25 years, which Investor’s Business Daily says is “equal to putting every worker in Ohio out of work.”
To make matters worse, it’s Obama’s own clean energy plan that continues to threaten hundreds of thousands of manufacturing jobs. He said his New Energy for America plan, announced on Jan. 21, 2009, would “Help create five million new jobs by investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future.”
It didn’t happen, and we learned earlier this year that we are on the hook for more than $2.2 billion in expected costs from big government’s energy loan guarantee programs. Remember the failed infusion of funds to Solyndra?
Now, as if all the EPA regulations on power plants and automobiles aren’t enough, they are now insisting that ozone concentrations be cut from 75 to 70 parts per billion, even though most of the U.S. has met the 2008 standard of 75 ppb. States like Arizona and Texas will have difficulty meeting the new ozone level, and if they fail to comply, they will lose federal highway dollars.
As President Obama and his EPA continue to impose its will on us so he can look good in the eyes of the climate change extremists, we can expect to see our GDP growth rate sink even lower, making job creation even more difficult.
Meanwhile, a go-ahead for the Keystone XL pipeline would automatically create jobs at no expense to the government, and pipeline emissions would be lower than oil shipments currently being made by rail and truck.
