Posted on 09/16/2010 7:52:41 PM PDT by Nachum
President Barack Obamas moratorium on deepwater offshore oil drilling has been quietly fading from the front pages, as the effects and news coverage of the Gulf oil spill have tapered off. One could almost argue that the spill and the moratorium arent even national news stories anymore; theyre of purely local interest now.
So perhaps its on one level understandable that the administration, personified in a report entitled Inter-Agency Economic Report Estimating the Economic Effects of the Deepwater Drilling Moratorium on the Gulf Coast Economy, is touting the fact that since the moratorium went into place in late May, only 8,000-12,000 jobs have been lost.
This is a win, the administration says, because other predictions - like the one by the Louisiana Mid-Continent Oil & Gas Association which said 33,000 jobs would be lost as a result of the moratorium, forecast far more dismal results. The administrations own halfheartedly-assembled numbers which projected job losses numbering 23,000 or so were worse, for that matter.
(Excerpt) Read more at thehayride.com ...
I've been saying this since the Carter era.
This is the most incredibly incompetent bunch I could ever imagine!
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