No, Waxman-Markey is NOT a Jobs Creation Engine

We responded of one line of argument against the NAM/ACCF study — that of slanted assumptions — in a post below, and were going to get to the other criticism, which boils down to: “Look how much the economy grows with Waxman-Markey. It’s great!”

Chris Horner of the Competitive Enterprise Institute has already done the work, though, and done it well, so we’ll just defer to his post at Planet Gore, the global warming/energy blog of National Review Online, “When Opponents Stop Trying.”

[Naturally] Team Soros hails the conclusions, “NAM/ACCF Forecasts 20 Million New Jobs Under American Clean Energy And Security Act”. Implication: it’s some sort of job creator. Here’s their announcement’s lead, with emphases added to highlight the implied claim:

A new analysis of the economic impact of clean energy legislation forecasts powerful job and economic growth through 2030. The analysis of the Waxman-Markey American Clean Energy and Security Act (ACES), commissioned by the right-wing National Association of Manufacturers and the American Council for Capital Formation (ACCF), finds that 20 million new jobs will be created in the United States by 2030, even under high-cost assumptions.

The logic, you see, is because it wouldn’t kill EVERY new job between now and then. Ha! It’s a good thing . . . new jobs occur “under this bill”! (Where’s my giggle emoticon? Had it here somewhere . . . )

That was our reaction too. They’re just dismissing the loss of 2.4 million jobs as a little inconvenience, a minor bump, no big deal. Tell that to 2.4 million individuals who aren’t working thanks to Waxman-Markey.

P.S. The Team Soros dig is a reference to the Center for American Progress and its various arms, affiliates and Internet emanations, in this case The Wonk Room at the Think Progress blog. Leftist market manipulator George Soros is a major source of funding for the group.

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