Republican Jobs Bills Won't Actually Create Jobs, Say Economists ...
WankerBait
2012/07/24 15:20:34
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In interviews conducted by The Huffington Post with five economists,
most said the GOP jobs package would have no meaningful impact on job
creation in the near term. Some said it was not likely to do much in the
long term, either.
- "A lot of these things are laughable in terms of a jobs plan that would
produce noticeable improvements across the country in the availability
of employment in the next four or five years," said Gary Burtless, a
senior economist at Brookings. "Even in the long run, if they have any
effect all, it would be extremely marginal, relative to the jobs deficit
we currently have."
- Mark Zandi, the chief economist at Moody's Analytics, agreed that the
bills would have almost no effect on job creation in the short term,
though he was slightly more optimistic about their long-term prospects. "These kind of changes will matter over a period of three to five
years," Zandi said. "It takes that long before businesses can digest
changes and respond to them." He noted, though, that legislation as narrowly targeted as the Republican package is unlikely to do much for real job creation.
most said the GOP jobs package would have no meaningful impact on job
creation in the near term. Some said it was not likely to do much in the
long term, either.
- "A lot of these things are laughable in terms of a jobs plan that would
produce noticeable improvements across the country in the availability
of employment in the next four or five years," said Gary Burtless, a
senior economist at Brookings. "Even in the long run, if they have any
effect all, it would be extremely marginal, relative to the jobs deficit
we currently have."
- Mark Zandi, the chief economist at Moody's Analytics, agreed that the
bills would have almost no effect on job creation in the short term,
though he was slightly more optimistic about their long-term prospects. "These kind of changes will matter over a period of three to five
years," Zandi said. "It takes that long before businesses can digest
changes and respond to them." He noted, though, that legislation as narrowly targeted as the Republican package is unlikely to do much for real job creation.
- Ultimately, each economist was clear on one point: The GOP package is far more political than practical.
"It's game playing to try to pretend like they're doing something,"
said Jesse Rothstein, an economics professor at the University of
California, Berkeley. "It's silly season, and so they know they have to
put up something that has the label 'job creation' on it, whether or not
it would work."
Jobs, jobs, jobs, my arse ...
Read More: http://www.huffingtonpost.com/2012/07/24/republica...
However, legislation allowing American businesses to operate and be competitive on the global market does.
Millions of jobs could be 'created' in the USA if we simply opened up Federal lands to access the ABUNDANT energy resources and become exporters, rather than importers.
The Green River Formation spanning CO, UT. & WY has been known about since the 60's yet the Federal govt. refuses to tap in while gobbling up every acre of land in the area.
There are enough proven recoverable shale reserves there to equal the entire supply of fossil fuel around the planet. The equivalent of 3 Trillion bbls, which 1/2 are economically and geographically available. The USGS has recently confirmed these findings and companies like Shell Oil have long ago completed exploratory sites.
The big lie is that we only have 2% of the worlds reserves and could be on our way to energy independence by 2020 if those lands alone were permitted. There are many other finds in N. Dakota and other states.
Google Green River Formation and edjamukate yourself.
1. The price of natural gas is too low.
2. Communities and property owners are rebelling over the amounts of pollution caused by fracking.
As for Green river, it appears things are moving forward for shale production in the USA. IMO, we should never relax environmental and water protections to promote an untested, highly polluting industry in favor of quick returns...
Critical Policy Issues for Shale production as posted by RAND :
- RAND estimates a few hundred thousand jobs, not millions...
Resolving environmental, socioeconomic, and key governance issues will determine whether there will be an oil shale industry in the western United States and how fast and how large that industry will grow.
- All known technical approaches will have land-use and ecological impacts, with impacts being especially severe for mining and surface retorting versus in-situ retorting using electric heating. ( In-situ is still experimental )
- Oil shale production will result in airborne emissions that could affect regional air quality, leading to a potentially stringent limitation on oil production levels. It may also lead to higher greenhouse gas emissions than conventi...
1. The price of natural gas is too low.
2. Communities and property owners are rebelling over the amounts of pollution caused by fracking.
As for Green river, it appears things are moving forward for shale production in the USA. IMO, we should never relax environmental and water protections to promote an untested, highly polluting industry in favor of quick returns...
Critical Policy Issues for Shale production as posted by RAND :
- RAND estimates a few hundred thousand jobs, not millions...
Resolving environmental, socioeconomic, and key governance issues will determine whether there will be an oil shale industry in the western United States and how fast and how large that industry will grow.
- All known technical approaches will have land-use and ecological impacts, with impacts being especially severe for mining and surface retorting versus in-situ retorting using electric heating. ( In-situ is still experimental )
- Oil shale production will result in airborne emissions that could affect regional air quality, leading to a potentially stringent limitation on oil production levels. It may also lead to higher greenhouse gas emissions than conventional oil operations. (More pollution is not welcome)
- Because all resources lie in the Colorado River drainage basin, water quality is an important issue. At present, not enough is known about how to prevent water contamination from surface and in-situ operations. (Water is in limited supply in the area)
- Large-scale oil shale development will have socioeconomic impacts, stimulating significant regional population growth and likely stretching the financial abilities of local communities to provide needed public services.
- The richest, most abundant deposits are concentrated on federal lands, requiring that leasing be conducted using a strategic approach that balances environmental and land-use impacts against the benefits of strategically significant oil production levels.
- Water consumption in producing oil shale is about 3 barrels per barrel of oil. Earlier analyses of water availability for oil shale need to be updated based on current and expected demands for water from the Colorado River Basin.
http://www.rand.org/pubs/rese...
- the Departments of Energy and the
Interior and the Environmental Protection Agency released a memorandum
on April 13, 2012, announcing a collaborative interagency effort on
unconventional oil and gas research. The memorandum states that the
agencies will develop a multi-agency program focused on the highest
priority challenges associated with safely and prudently developing
unconventional resources.
http://www.gao.gov/assets/600...
I personally spoke with Ken Salazar about this last year.
The process of fracking has NOT been linked to any contamination whatsoever and the lone two sites that were over-reported, experienced problems with the wells themselves and NOT the process.
Opening Green River will add jobs in every conceivable field for decades.
Housing will be needed for the workers. Hospitals, infrastructure, railways, trucking, pipe-fitters, satellite facilities to prepare the product for overseas transport to countries that are currently at the mercy of Russia.
As I said..... become exporters, rather than importers. You are looking at the very narrow view of the price of Nat, gas in TX. yet why would we be paying to import it from Africa if it was all as cut and dried as you proclaim?