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Willisms

« Trivia Tidbit of the Day: Part 749 -- United Nations' Bloated Budget. | WILLisms.com | Trivia Tidbit of the Day: Part 751 -- Texas Spending Restraint. »

Trivia Tidbit of the Day: Part 750 -- The EPA's Job-Killing Ruling.

Federal Mandates, Lost Jobs, No Impact On The Environment-

Waxman-Markey would have a decidedly negative impact on Texas, which-- not so incidentally-- is the number one wind energy producer in the country. Texas is also reducing carbon dioxide emissions at a much greater rate than the rest of the country, but the reality remains that fossil fuels are and will remain the most important energy source years from now. The Texas economy has diversified significantly, but cap and trade legislation out of Washington would have a disproportionately negative impact on the Texas economy:

changeinoutputcapandtrade.gif

Jobs are also in question:

joblosscapandtrade.gif
*Overall manufacturing output declines by 4.6 percent in the low cost case and by 5.4 percent in the high cost case in 2030 compared to the baseline forecast.

*Texas now derives 47 percent of its electricity from natural gas and 38 percent of it from coal. Without commer cially available, cost-efficient carbon control technology, Texas’ electricity prices for a typical household could be 54 percent higher in 2030 under the Waxman-Markey bill.

*Another important segment of Texas’ manufacturing industry, chemical product manufacturing, will decline by up to 14 percent in 2030.

*Certain energy intensive sectors like primary metals (e.g., the smelting and refining of ferrous and non-ferrous metals and alloys usually to make ingots) and nonmetallic mineral product manufacturing
(e.g., bricks, cement, glass) also decline by as much as 19 percent to 26 percent in 2030. Coal production falls by 86 to 87 percent.

*Gross state product will decline by $29.9 billion to $40.8 billion in 2030. Such reductions in GSP will reduce state budget receipts and force policymakers to make hard choices.

*Texas will see a reduction in job growth; there will be 144,597 to 196,928 fewer jobs in 2030. Employment in key manufacturing sectors, e.g., chemical products and fabricated metal, would see the greatest decline relative to the baseline forecast.

*Disposable income will fall by an average of $612 to $1,103 in 2030. Low-income families and the elderly will spend a higher proportion of their income on energy.

Cap and trade. Not helpful to the environment. Bad for the economy. It is central planning and Washington engineering of the economy, and it must be stopped.

-------------------------------------

Previous Trivia Tidbit: United Nations' Bloated Budget.

Posted by Will Franklin · 19 February 2010 04:10 PM

Comments

Anytime Henry Waxman has anything to do with anything I always know it will be ultra liberal. I think Governor Perry is doing a great job and I hope he is reelected!

Posted by: ZsaZsa at February 19, 2010 07:52 PM