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Tag: Jobs Lost

EPA Impact On Michigan

By JGillman, Section News
Posted on Wed Oct 13, 2010 at 10:08:41 AM EST
Tags: Train, Obama, Michigan, Jobs Lost, EPA, tunnel, Labor, unions, manufacturing (all tags)

So just when we thought there was light at the end of the tunnel.. We find we are looking at the headlight of an oncoming train.

After examining the EPA's proposed regulatory framework to limit Ozone to 60 ppb from its current 75 ppb, the Manufacturer's Alliance has presented its estimate of impact on Jobs and the economy. Their initial impact assessment shows:

The annual attainment cost is estimated to be $1.013 trillion between 2020 and 2030 (in 2010 dollars). This is equivalent to 5.4 percent of projected constant dollar gross domestic product (GDP) in 2020. The present value of attainment costs over this period amounts to $7.1 trillion (based on a discount rate of 7 percent).
GDP would be reduced by $676.8 billion in 2020 (in 2010 dollars), an amount that represents 3.6 percent of projected 2020 GDP in the baseline case.
Together, annual attainment costs and reduced GDP in 2020 total $1.7 trillion.
Total U.S. job losses attributable to a 60 ppb ozone standard are estimated to rise to 7.3 million by 2020, a figure that is equal to 4.3 percent of the projected 2020 labor force.
The marginal cost of attaining the primary ozone standard rises rapidly as the ozone standard becomes more stringent.

And they only do it because they love us.

Governor Granholm has been in lock step with this type of green activism by the executive types, and has eagerly supported the damaging eco-legislation by congress for years. In fact I believe the term "blown away" refers to the results of her posture on manufacturing, which was once upon a time THE Domain of Michigan entrepreneurial activity.

Michigan conservative Congressional hopefuls need to strap on the koohonies if they don't come naturally however. About the ONLY WAY to stop this damaging process, is to A. Get elected, and B. Agree to DE-FUND the EPA in its entirety. Take away its money 100%. Eliminate its ability to survive and act. Destroy it.

Michigan's future depends on it.

(7 comments, 627 words in story) Full Story