Anti energy bill is also anti jobs bill

Washington Times:

Despite President Obama's prediction that it would create new jobs, the climate change bill passed by the House will mean fewer jobs by 2030 than if Congress did nothing at all, according to the first comprehensive study of the measure by the federal government.

The report by the Energy Information Administration said the bill would lead to small increases in electricity costs for consumers -- what Democrats said was an affordable sacrifice for the environmental benefits of lowering greenhouse gas emissions.

"We can move to a clean energy future at a cost of less than a postage stamp per family per day," Energy Secretary Steven Chu said.

The report said the average cost to a household by 2020 would be $114, though those costs would more than double to $288 by 2030 as the rules on polluters tighten.

The Democrat-controlled House narrowly passed its climate change bill on a 219-212 vote June 26. A week later, Mr. Obama told chief executives that the legislation "holds the promise of millions of new jobs -- jobs, by the way, that can't be outsourced."

Mr. Chu repeated the assertion Tuesday.

But a chart in the EIA report showed the employment rate -- just like the economy as a whole -- worsening for the first several years, improving slightly in the midterm, peaking in 2024 and then declining steadily. It showed 0.25 percent fewer jobs in 2030 under the Democrats' bill, with the manufacturing sector suffering a 2.5 percent lag.

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This bill is bad for America and it will not achieve any climate change and the Democrats know it. That is why they have been harassing China and India. It is just a terrible idea. The focus should be on adaptation and not some expensive attempt to impose a global thermostat.