Cap and Trade will Cost Millions of Jobs!

A study performed by The Charles River Associates, a Harvard based economic consulting firm, claims the Cap and Trade Bill will cost Americans 2.5 million jobs per year. The report, Impact on the Economy of the American Clean Energy and Security Act, states that wages and return on investments will fall resulting in lower productivity and employment opportunities. The Administration calls it a Jobs Bill. What a farce. Apparently the Administration only plans to tell you about the jobs it will create and not the millions that will be lost. They also are not telling us what the effect will be on the economy.
The rational used to bring this bill to fruition was that it would reduce dangerous green house gases. Even the most radical environmental analysts claim the restrictions put in place by this bill will only reduce the global temperature 0.09 degrees by 2050. This is rediculous.
This bill comes at a high cost with almost no benefit, as stated in a previous post (Senators Unite), the free market needs to dictate the move to clean energy, otherwise the effect on the economy will be horrendous.

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