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Global Warming Bill Is A Job-Killer

June 18, 2009

Global Warming Bill Is A Job-Killer

By INVESTOR’S BUSINESS DAILY | 18 June 2009

Environment: Democrats failed to create jobs with their unnecessary, pork-laden stimulus bill. Now they want to kill even more of them with an equally unnecessary global warming bill.


Read More: Global Warming


The party that cares so much about jobs for “working families” sure has a funny way of saving them.

Amid pre-summer frosts and hailstorms, the White House this week released a sky-is-falling report on global warming that outdoes even Al Gore in predicting doomsday scenarios.

Waxman: Wrong bill, wrong time.Waxman: Wrong bill, wrong time.

“Heat waves will become more frequent and intense,” the report warns, unleashing an apocalypse of “major insect outbreaks” and herbicide-resistant, garden-choking . . . “weeds” (horrors!).

“Heat waves” in the Midwest and “extreme heat” in the Northeast will lead to “increases in heat-related deaths.”

Really? Tell that to berry farmers in Michigan, whose crops have been delayed by a cold snap for the second spring in a row.

Or New Englanders, who have seen temperatures drop four degrees below normal.

It’s all a set-up for a painful government fix. The public duly alarmed, the White House embraces a House bill to control industrial carbon emissions through a punishing cap-and-trade scheme.

The Democrats’ energy bill would have the effect of de-industrializing America and cost millions of jobs — something its authors, Democratic Reps. Henry Waxman and Ed Markey, indirectly acknowledge. Buried in the fine print of their jobs-killing bill is a provision to provide relief against massive dislocations.

“The Democrats’ bill has an unemployment provision that provides 70% of your job benefit for at least three years — in addition to any other unemployment benefits — if you lose your job because of that bill,” Rep. Joe Barton, D-Texas, said. “They, at least tacitly, recognize that their bill is going to cost millions and millions of jobs.”

In other words, the cap on emissions requires a cap on job losses.

Even a top White House official concedes cap-and-trade regulations would cause severe job losses.

“Job losses could occur throughout the economy but would probably be especially large in industries associated with high-carbon fuels,” said White House Budget Director Peter Orszag — but he said it in 2007, when he was congressional budget director.

Democrats argue the bill will create jobs “in the long run” by creating a green economy. They cite “green jobs” like making parts for windmills and growing grass on building rooftops. Luddites unite!

“I think the creation of jobs by this bill far outstrip any losses,” Gore recently testified before Markey’s panel. “There would be potentially massive job losses if we did not adopt this legislation.”

Gore also insisted that global warming is “accelerating” — ignoring reports to the contrary, including one by NASA that notes the sun is the coolest and calmest it has been in 100 years.

In other words, the solar cycle that led to minor increases in average temps is over, and we are entering a cooling phase.

Apparently, Gore includes NASA scientists among the “outlier quacks” he thinks are conspiring with the “carbon polluters” in “a massive fraud” and cover-up about “man-made global warming.”

The former vice president has a vested interest in continuing to emit such hot air — beyond books and films and prizes.

He’s a partner in a capital firm called Kleiner Perkins, which has invested some $1 billion in 40 companies that stand to benefit from cap-and-trade regs. Gore would also benefit.

Meanwhile, America’s unemployment rate is heading to double-digit territory — a level not seen in a generation. Besides being wholly unnecessary, such draconian environmental regulation risks making higher unemployment in America permanent, a la Europe.

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