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Obama’s drilling moratorium, new stimulus plans will cost 150,000 jobs
washington examiner ^ | 9/8/10 | Mark Hemingway

Posted on 09/08/2010 2:23:27 PM PDT by Nachum

Louisiana State Banking Chairman and well-regarded economist Joseph Mason released the following statement ahead of the President’s job creation proposals to be released in Cleveland later today:

Proposals currently under consideration as PayGo for costly new ‘stimulus’ bills in Washington will absolutely devastate economic recovery and overall domestic job creation. Under the guise of ‘making Big Oil pay,’ plans to increase energy taxes by repealing ‘dual capacity’ and section 199 of the U.S. tax code – a manufacturer’s credit – will actually harm small businesses and American families.

I am putting the final touches on a report I’m planning to release next week, but the preliminary numbers are incredibly grim with more than 150,000 people losing their jobs over the next decade and more than a quarter trillion dollars in lost economic activity if these tax hikes go into effect.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: drilling; moratorium; obamas; stimulus
How stimulating
1 posted on 09/08/2010 2:23:31 PM PDT by Nachum
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To: Nachum

It supposed to cost 150,000 jobs. That’s the key. No employment=subservience. And yet, we continue to let it happen.


2 posted on 09/08/2010 2:25:24 PM PDT by WKUHilltopper (Fix bayonets!)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


3 posted on 09/08/2010 2:27:02 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

No big deal, everything’s the Republicans’ fault.


4 posted on 09/08/2010 2:29:29 PM PDT by Cementjungle
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To: WKUHilltopper

5 posted on 09/08/2010 2:43:17 PM PDT by SandRat (Duty, Honor, Country! What else needs said?)
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To: SandRat

Bush did it.


6 posted on 09/08/2010 2:46:34 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Nachum

Destroying jobs and America is what Obastard does best.


7 posted on 09/08/2010 3:06:25 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Nachum
Obama’s drilling moratorium, new stimulus plans will cost 150,000 jobs

150,000 unemployed by this? Hmmm, they shouldn't be working in that vile industry anyway. /major sarcasm I can't help but wonder how many algore, climate groupies will be thinking that, cheering the end of drilling jobs...

8 posted on 09/08/2010 3:08:21 PM PDT by fortunecookie (Please pray for Anna, age 7, who waits for a new kidney.)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...
Thanks Nachum.
Under the guise of 'making Big Oil pay,' plans to increase energy taxes by repealing 'dual capacity' and section 199 of the U.S. tax code -- a manufacturer's credit -- will actually harm small businesses and American families.

9 posted on 09/08/2010 3:27:43 PM PDT by SunkenCiv (Democratic Underground... matters are worse, as their latest fund drive has come up short...)
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To: Nachum

Obama hates USA


10 posted on 09/08/2010 4:09:48 PM PDT by dalebert
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To: Nachum

bump


11 posted on 09/08/2010 9:50:49 PM PDT by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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