Global Warming Bill Could Cost Two Million Jobs by Gregory Hilton

The National Association of Manufacturers will release a study tomorrow that says the House global warming bill will cost 2 million jobs by 2030. The study also says economic growth would be reduced by 2.4%. What is really interesting is the response from the left. The Environmental Defense Fund (EDF) says the study “is overly pessimistic about the development of nuclear power plants.” No organization did more to stop the development of America’s nuclear power plants than EDF. Also, for the past two years we have been experiencing global cooling.
The Environmental Defense Fund created the concept of pollution trading credits in the 1990 Clean Air Act, which has now become cap and trade. They have a real problem with the truth, and they always said former President Bush was the reason America did not join the Kyoto Accords. In 1997, the Senate voted 95 to 0 against the Kyoto concept that Al Gore negotiated.
The Senate resolution said the treaty (1) harms the US economy and (2) did not include all nations. President Clinton signed the Kyoto treaty but did not send it to the Senate for ratification. Kyoto was already signed before Bush got to the White House, but it helped EDF’s fundraising to blame Bush rather than a unanimous vote of the U.S. Senate.
We should reduce our dependence on foreign oil and electric cars that require no gasoline are a wonderful idea. This will require a dramatic increase in electricity output, and it is another reason to increase the role of nuclear power in our energy mix.