Democrats admit cap-and-trade legislation will kill jobs

Victor Joecks

A low estimate of jobs killed by cap and trade
Typical government. Try and solve a problem that doesn’t exist and kill jobs in the process.

[T]he House-passed version of cap and trade is all about jobs: jobs lost, jobs never created, jobs sent overseas, and, unbelievably, jobs people will be paid for doing long after they cease to exist.

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.”

Instead of being a the source of millions of new jobs of “green jobs”-as House Democrats are fond of saying over and over again-the provision is a hidden admission that their effort is a job killer, not just a massive new tax on energy.

For more on cap-and-trade, check out Kickin’ Up Dust for an interview with Congressman Collin Peterson, who attempts to justify his vote for cap and trade.