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Tag: Job Losses

MI Senators Still Fence Sitting on Backdoor Cap and Trade Regulations

By JGillman, Section News
Posted on Fri Mar 25, 2011 at 05:03:57 PM EST
Tags: Mitch McConnel, Carl Levin, Debbie Stabenow, Michigan, Kentucky, Cap and Trade, EPA, Obama, Job Losses, Unemployment, Greenhouse Gases, Regulation (all tags)

As if an unemployment rate above 11 percent wasn't enough for hard hit Michigan folks and businesses to handle, proposed Environmental Protection Agency regulations of greenhouse gases are now poised to offer yet another blow to our hard hit economy. And the effects don't look so very pretty.

Despite having cap and trade legislation rejected by elected officials and the American public last year, the recalcitrant Obama administration is going ahead with similar measures through blunt regulatory decree. The current Republican Policy Committee has now warned that the proposed rules are "more costly than (cap and trade) legislation."

So what does that mean for our state?

By 2030, Michigan jobs will decrease by about 66,000, economic output will deteriorate by an alarming $12.1 billion, and our 5,178 schools and universities and 187 hospitals could see a 28.2% to 42.0% increase in energy costs, which will likely be passed to taxpayers and patients. Luckily, SOME of our elected officials are trying to wake the Obama Administration before they impose this regulatory nightmare on the nation.

But whom? For Michigan's future, it seems we have to rely on help from a little further South.

So South we go.

(3 comments, 613 words in story) Full Story