Is Cap-and-Trade a Job Killer?
Of course it is. If it wasn’t, why would a provision such as this be in the bill?
According to Friday’s Washington Times, the legislation includes language that provides, should it become law, that people who lose their jobs because of it “could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits—courtesy of Uncle Sam.”
How generous are these benefits? Well, according to the Times, “Adversely affected employees in oil, coal and other fossil-fuel sector jobs would qualify for a weekly check worth 70 percent of their current salary for up to three years. In addition, they would get $1,500 for job-search assistance and $1,500 for moving expenses from the bill’s ‘climate change worker adjustment assistance’ program, which is expected to cost $4.2 billion from 2011 to 2019.”
Unlike thinking countries who do indeed see a future for alternative energy (but understand “future” is the key word), it appears our government is set on destroying our current “fossil-fuel sector” and hope something will be available on the scale necessary among the alternatives to pick up the slack.
The term “amazingly short-sighted” seems appropriate here, doesn’t it? After Nancy Pelosi’s “jobs, jobs, jobs and jobs” comment concerning the ostensible purpose of the bill the Democrats then build in a provision which apparently is designed to soften the blow of legislatively killing a vital industry that, at the moment, has no real replacement.