I’ll be happy to take one of those “50 jobs”
RE: I’ll be happy to take one of those “50 jobs”
What does America need more of? Jobs financed by the private sector? Or bubble jobs created by government subsidies? Jobs that generate tax revenue? Or jobs that cost $1.3 million in government loans each (see Solar energy projects funded by DOE).
According to the Canadian Energy Research Institute, by 2019 employment directly related to Keystone XL could grow from 80,000 jobs to 179,000. If the flow of Canadian oil through the United States remains unchanged, however, total employment from the Keystone line will peak at 94,000 in 2019.
The respected Perryman Group found that across the entire economy, an increase in stable oil supplies would create 250,348 permanent jobs from gains in U.S. economic activity. Personal income gains from these jobs would amount to $6.5 billion, stimulating $2.3 billion of retail sales.
So, Obama’s projections for employment are so low one wonders who gave him that number : “50 jobs”...