Posted on 11/07/2009 6:10:14 PM PST by 2ndDivisionVet
I found it interesting that a letter that states that North Dakota can lead when referring to the cap and tax bill otherwise named as the Clean Energy Jobs and American Power Act was written by two environmental lobbyists.
The question is: Lead in what? While the two lobbyists use President Barack Obama’s words, “Make no mistake – this is a jobs bill,” the reality is that this bill is a job-killer. Why else would the legislation passed by the House include language that provides, should it become law, that people who lose their jobs because of it could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits – courtesy of Uncle Sam, with an estimated cost of $4.2 billion from 2011 to 2019.
If HR2454, the Waxman-Markey bill, becomes law, it will negatively impact North Dakota’s economy by raising energy prices and reducing household income. North Dakota would, according to analysis done by the American Legislative Exchange Council, be the 18th “biggest loser” in the country from the effects of Waxman-Markey. Minnesota is right behind at 19th.
According to the Heritage Foundation, between 2012 and 2035, North Dakota would lose each year an average of 2,361 jobs, $634 million in gross state product, or about $1,016 per person. Waxman-Markey alone would account for average annual gas price increases of $0.69 per gallon over the same time period and electricity cost increases per household of $656. According to a new analysis of the legislation titled “The Economic Consequences of Waxman-Markey: An Analysis of the American Clean Energy and Security Act of 2009,” the following negative impacts to farmers are evident:
Farm income (or the amount left over after paying all expenses) is expected to drop $8 billion in 2012, $25 billion in 2024, and more than $50 billion in 2035. These are decreases of 28 percent, 60 percent and 94 percent, respectively.
The average net income lost over the 2010-2035 timeline is $23 billion – a 57 percent decrease from the baseline.
Construction costs of farm buildings will go up by 5.5 percent in 2025 and 10 percent by 2034 (from the baseline).
By 2035, gasoline and diesel costs are expected to be 58 percent higher and electric rates 90 percent higher.
Just what need is the renewable energy lobby telling you that North Dakota and Minnesota can lead, but in what? Job losses, energy cost increases and loss of income? Just what we do not need.
Lie if you have to, but absolutely destroy the great satan.
They won’t understand until they are starving to death and then it will be too late.
Duh! It’s supposed to.
thats right ...they want the corporations to own everything....how do you like your friggin democrats now willie nelson
bookmark.
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