Thursday, May 14, 2009

Obama Administration Job Creation

Obama wants to create green jobs - according to Gabriel Calzada Alvares, an economics professor at Juan Carlos University in Madrid who authored a 41 page study on his country’s experiment said the U.S. should expect to lose NINE JOBS FOR EVERY FOUR CREATED.
Second, if cap and trade bill passes in Congress it is expected that across the next two decades, annual job losses due to restrictions on CO2 emissions will exceed 800,000 in at least two years. Losses for most years will be more then 500,000.
A CO2 regulation regime would begin eating away at the
manufacturing employment base in about five years. By
2029, more than 3.5 million jobs will have been lost, according
to Heritage’s reckoning.
The machinery industry will lose more than 57% of its
jobs, while jobs in plastic and rubber production will fall
54%. Other manufacturing areas in which employment
will drop precipitously are paper and paper products
(36%), durable goods (28%)and textiles (27.6%).
Bear in mind that these numbers, as staggering as they
are, don’t count the losses that would occur if companies
moved operations offshore, rather than absorb the higher
energy prices - Investors Business Daily.

The question is - Does Obama really want to create jobs? Is he listening to others? Does he pay any attention to others’ opinions? Does he read any statistics? Better stop him before it is too late.

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