Kerry's job killing 'energy' bill

Mark Tapscott:

More than half a million jobs could be lost by 2015 if Congress approves the cap-and-trade portion of the Kerry-Lieberman anti-global warming bill, according to an independent analysis to be made public tomorrow by the Institute for Energy Research.

The study was done by Chamberlain Economics LLC at IER's request of the measure - officially known as the American Power Act - being sponsored by Sen. John Kerry, D-MA, and Sen. Joe Lieberman, I-CN.

Besides the 522,000 jobs lost within five years, the measure if approved would destroy an estimated 5.1 million jobs by 2050....

...

Proponents of the bill claim they will replace those jobs with ones in the magic energy business. What the bill really does is manipulate the market by taxing the most efficient energy in order to subsidize the less efficient.

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