Skip to comments.Obama’s drilling moratorium, new stimulus plans will cost 150,000 jobs
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 Presidents 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 manufacturers credit will actually harm small businesses and American families.
I am putting the final touches on a report Im 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 ...
It supposed to cost 150,000 jobs. That’s the key. No employment=subservience. And yet, we continue to let it happen.
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No big deal, everything’s the Republicans’ fault.
Bush did it.
Destroying jobs and America is what Obastard does best.
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...
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.
Obama hates USA