Industry officials say with confidence that 7.3 million jobs will disappear if the Obama administration goes through with tighter rules to reduce smog. The industry-sponsored researcher who came up with that number isn't so sure.
"There's uncertainty around that," economist Don Norman said of the "shockingly high" job loss number he extrapolated using a study sponsored by the oil and natural gas industry's American Petroleum Institute and covering just 11 states.
"Even if the numbers are half of that, the number is huge," he said.
Monday, February 28, 2011
Wonderful: Obama's Strangling EPA Regulations Could Cost Another 7.3 Million Jobs
I have no idea how he'll blame Bush for any of this, but rest assured, he'll try. They says his is a historic presidency. By the time his term is up he'll have presided over the loss of at least 10 million jobs. Indeed, that's historic. Making matters worse, he doesn't even care.