Thursday, March 05, 2015

EPA Moves to Stop Prosperity in Texas : More Domestic Terrorism?

How many times does this subject have to surface before the general public decides enough is enough. The EPA is acting in self interest and that of Mr Obama's progressive socialist agenda to limit any attempt expand prosperity and individual freedom for the American citizens.

The EPA, given all of it's regulations on all aspects of our life style that stymies innovation and productive in all walks of American life, has to be seen as domestic terrorist organization that is dedicated to the destruction of the American dream.

If you think this to harsh, you haven't been paying attention over last 6 years.

The Environmental Protection Agency Comes Down on Texas Jobs
Source: Merrill Matthews, "The EPA Hopes to Kill the Texas Jobs Machine," The Institute for Policy Innovation, January 28, 2015

March 4, 2015

The Environmental Protection Agency (EPA) wants to impose rigid regulations in Texas, which could devastate the nation's top jobs producer. Since 2007, the 1.169 million net increase in total U.S. employment has been a direct result of Texas' booming economy. Yet, the EPA's proposed regulations will force additional costs on employers, therefore leading to lower wages and fewer jobs.

The new regulations, which would result in ambiguous environmental benefits, impose rigid restrictions reducing ground level ozone from 75 parts per billion (ppb) down to 60 ppb. According to a National Association of Manufacturers-sponsored economic impact, analysis of the 60 ppb standard suggests:
  • The change could reduce Texans' incomes by the equivalent of 182,347 in lost jobs per year.  This is the equivalent to $48 billion in lost state GDP between 2017 and 2040, or $970 less in household consumption each year.
  • The new regulations would increase residential electricity bills by an estimated 15 percent nationally, which disproportionately affects lower-income households.
  • The energy industry is set to receive the biggest blow. Baker Hughes, for example, recently announced it is laying off 7,000 employees.
The EPA should consider the national economic implications of overregulating ground level ozone in Texas. The EPA has already targeted wood-burning stoves and heaters in an effort to reduce emissions. In 2013, the federal agency forced the last remaining lead bullet producer to shut its doors. As a result, thousands of Americans are out of work.

 

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