Monday, April 20, 2009

Obama's EPA Paves The Way For American Poverty And Economic Decline

In a late ruling on Friday ( it seems this stuff always gets planned so it hits the bottom of the news cycle on the weekends)President Obama's EPA made a ruling that will have far reaching consequences to American prosperity and economic development at least as great as the mountain of debt the Obama Administration has saddled us and our children with - and possibly more:

The US Environmental Protection Agency has shifted course by deeming carbon dioxide and other greenhouse gases a health risk, in a landmark turnaround that could impact climate change regulation.

"After a thorough scientific review ordered in 2007 by the US Supreme Court, the Environmental Protection Agency issued a proposed finding ... that greenhouse gases contribute to air pollution that may endanger public health or welfare," said an EPA statement posted on its website on Friday.

The move, which could open the door to stronger regulation on greenhouse gas emissions, marks a significant shift on climate change from the previous presidency of George W. Bush, which failed to heed EPA warnings on the possibly devastating consequences of inaction.

"This finding confirms that greenhouse gas pollution is a serious problem now and for future generations. Fortunately, it follows President (Barack) Obama's call for a low carbon economy and strong leadership in Congress on clean energy and climate legislation," said EPA Administrator Lisa Jackson.

"This pollution problem has a solution -- one that will create millions of green jobs and end our country's dependence on foreign oil.

"As the proposed endangerment finding states, 'In both magnitude and probability, climate change is an enormous problem. The greenhouse gases that are responsible for it endanger public health and welfare within the meaning of the Clean Air Act,'" she added.

This is nothing more than an attempt to impose an 'energy tax' on the American people by regulation without the political cost of trying to ram it through through Congress. And it's part of Obama's declared intention to bankrupt America's coal industry even if it made energy prices skyrocket, something over 85% of Americans were unaware of during the campaign according to Zogby's polling. We already know how his administration feels about domestic oil drilling.

Rest assured that China, Russia and India have no plans to go along with this farce -because they need to grow their economies.And the 'green jobs' Obama and the EPA are talking about? Not only will new jobs not be created, as displaced workers from coal and oil simply migrate to the new ones, but it's highly likely that there will be a net job loss!

The socialist government of Spain tried this exact formula at the height of the global warming craze, and the results are a pretty good indication of what we can expect:

Every “green job” created with government money in Spain over the last eight years came at the cost of 2.2 regular jobs, and only one in 10 of the newly created green jobs became a permanent job, says a new study released this month. The study draws parallels with the green jobs programs of the Obama administration.

President Obama, in fact, has used Spain’s green initiative as a blueprint for how the United States should use federal funds to stimulate the economy. Obama’s economic stimulus package,which Congress passed in February, allocates billions of dollars to the green jobs industry.

But the author of the study, Dr. Gabriel Calzada, an economics professor at Juan Carlos University in Madrid, said the United States should expect results similar to those in Spain:

“Spain’s experience (cited by President Obama as a model) reveals with high confidence, by two different methods, that the U.S. should expect a loss of at least 2.2 jobs on average, or about 9 jobs lost for every 4 created, to which we have to add those jobs that non-subsidized investments with the same resources would have created,” wrote Calzada in his report: Study of the Effects on Employment of Public Aid to Renewable Energy Sources.

Not only that, but the jobs President Obama will be replacing in the mines and at the oil rigs are largely unionized high paying blue collar jobs. Want to bet that the new 'green' jobs won't have the same sort of paychecks and benefits?

CO2, AKA Carbon dioxide is a naturally occuring gas that occurs everytime we exhale, and it's necessary for plant growth, which functions exactly the opposite of ours - we inhale oxygen and exhale carbon dioxide while plants do exactly the reverse.

As for global warming, that particular scam has been debunked to the point that slightly over one third of Americans still believe it, according to Rasmussen. If anything we're experiencing a trend towards global cooling.

Putting the kind of stringent regulations on American manufacturers Obama's EPA has in mind is a guaranteed recipe for sending what's left of America's manufacturing jobs overseas while putting the rest of us in the poorhouse as we struggle to meet rising energy costs and taxes.

Hope n' change!

No comments: