Capping and Trading Away Our Jobs

In his weekly radio address on June 27, President Barack Obama praised the House of Representatives for just passing the American Clean Energy and Security Act of 2009, more commonly known as the cap and trade climate bill. He said: This historic piece of legislation will not just lessen our dependence on foreign oil, but also spark a clean energy transformation in our economy that will create millions of new American jobs that pay well and cannot be outsourced. Clean energy and the jobs it creates are critical to building a new foundation for our economy. House Speaker Nancy Pelosi says this is a jobs bill, "Jobs, jobs, jobs." Unfortunately, the jobs created in alternative energy sources will be more than offset by job losses; and the "millions" of jobs that the bill is supposed to create can indeed be outsourced.  In fact, GE is already importing wind turbines from its plants in China, Germany and Spain to supply wind farms in the United States.America's...(Read Full Article)