| Description | Jobs Destroyed | Source |
| Delaying the Keystone XL Pipeline until after the 2012 election | 20,000 | LA Times |
| Forcing lignite coal plants in Texas to close (EPA) | 14,000 | Heritage |
| Gulf Drilling Moratorium (Interior) | 72,000 | LA Times |
| EPA's Cross-State Air Pollution Rule | 1,440,000 | Daily Caller |
| EPA's determination that coal ash is a "hazardous waste" | 250,000 | Western Caucus |
| EPA's shutdown of AEP plants | 5,000 | CAPPS Online |
| EPA's commercial and industrial boiler regulations | 800,000 | Clatskanie Chief |
| Interior Department's protection of lizards and smelt fish | 75,000 | Human Events |
| Jobs killed by the Obama environmental machine | 2,676,000 |
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Monday, November 14, 2011
Obama's Eco-Fascism Will Eliminate 2.6 Million Jobs
While Obama is wrought to fib about the number of jobs he "saved," he fails to disclose the number of jobs lost as a result of his inane environmental policies. Fortunately, some are keeping score. Doug Ross has a terrific blog post detailing Obama's jobs record by the numbers. Here is the tally of jobs lost, or slated to be eliminated, as a result of radical environmentalism:
Sunday, October 30, 2011
Reagan's Recovery vs. Obama's "Recovery"
The media is truncating the latest GDP report, which shows a mild improvement in economic growth. Aside for the fact that the internal numbers of the report aren't nearly as promising as the top-line 2.5% figure, the historical context of such a lackluster recovery is jarring. Compare our current economic recovery to the same time period following the 1981 recession during Regan's presidency:
Indeed!
(Courtesy of Market Watch)
Indeed!
Thursday, August 04, 2011
The Debt Rises, The Economy Sinks
Not even a debt increase cheered by Wall Street can override the debt-induced economic stagnation.
Despite being dispirited by the one-sided nature of the debt ceiling deal, most of us were looking forward to reaping the rewards from its only ancillary benefit; the impending stock market rally. Much to our chagrin, the Dow dropped precipitously, losing over 600 points since the opening bell on Monday. After the initial euphoria from the debt ceiling hangover began to subside, people have been forced to confront an inconvenient reality. The problem with the economy is not the debt ceiling; it is the debt – and all that it represents; overbearing and job-killing government.
Late Sunday night, Republican leaders forged a bipartisan deal with the president to raise the debt ceiling another $2.4 trillion without any preconditions for the second tranche. Despite pretentious claims that we were entering a new era of austerity, the debt deal has charted us on a trajectory to incur $7 trillion more in debt, even considering the unrealistic baseline projections of economic growth and revenue.
Well, the Treasury wasted no time utilizing its new credit card and devouring the spoils like the starved beast that it has been for the past few months. On Tuesday, Treasury Secretary Tim Geithner issued $239 billion in new debt, almost 60% of the entire $400 billion increase in borrowing authority that Congress granted for the first round of the debt limit hike. To put that in perspective with the “austerity side of the debt deal,” it will take 4.5 years to achieve a commensurate degree of savings from the discretionary caps imposed in the bill. I guess that is one way of measuring dollar-for-dollar cuts.
Our total cumulative debt (including the intragovernmental share) now stands at $14.58 trillion, approaching 100% of out GDP for the first time. We have joined the failed socialist experiments of Europe in this ominous distinction.
Nevertheless, at the very least, we should have enjoyed the inevitable market rally that was so eagerly anticipated by the bipartisan cheerleaders on Wall Street. After all, our borrowing authority is inviolable, as we are slated to borrow trillions more over the next few years. Hey, a few billion dollars of debt a day keeps the default away – and will forestall the greatest market crash ever. Won’t it?
Despite being dispirited by the one-sided nature of the debt ceiling deal, most of us were looking forward to reaping the rewards from its only ancillary benefit; the impending stock market rally. Much to our chagrin, the Dow dropped precipitously, losing over 600 points since the opening bell on Monday. After the initial euphoria from the debt ceiling hangover began to subside, people have been forced to confront an inconvenient reality. The problem with the economy is not the debt ceiling; it is the debt – and all that it represents; overbearing and job-killing government.
Late Sunday night, Republican leaders forged a bipartisan deal with the president to raise the debt ceiling another $2.4 trillion without any preconditions for the second tranche. Despite pretentious claims that we were entering a new era of austerity, the debt deal has charted us on a trajectory to incur $7 trillion more in debt, even considering the unrealistic baseline projections of economic growth and revenue.
Well, the Treasury wasted no time utilizing its new credit card and devouring the spoils like the starved beast that it has been for the past few months. On Tuesday, Treasury Secretary Tim Geithner issued $239 billion in new debt, almost 60% of the entire $400 billion increase in borrowing authority that Congress granted for the first round of the debt limit hike. To put that in perspective with the “austerity side of the debt deal,” it will take 4.5 years to achieve a commensurate degree of savings from the discretionary caps imposed in the bill. I guess that is one way of measuring dollar-for-dollar cuts.
Our total cumulative debt (including the intragovernmental share) now stands at $14.58 trillion, approaching 100% of out GDP for the first time. We have joined the failed socialist experiments of Europe in this ominous distinction.
Nevertheless, at the very least, we should have enjoyed the inevitable market rally that was so eagerly anticipated by the bipartisan cheerleaders on Wall Street. After all, our borrowing authority is inviolable, as we are slated to borrow trillions more over the next few years. Hey, a few billion dollars of debt a day keeps the default away – and will forestall the greatest market crash ever. Won’t it?
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