Tuesday, September 6, 2011

Regulations Can Create Jobs

So our alleged so-called progressive President Obama has caved on new clean air standards. The alibi is that these new regulations would have allegedly "killed jobs", from the New York Times here: "Obama Administration Abandons Stricter Air-Quality Standards"

Never mind the facts of climate change and the adverse effect on our health from dirty air.  The fact is, according to Krugman, these regulations would have created jobs by forcing expenditures on equipment and installation.

Economics and Politics by Paul Krugman - The Conscience of a Liberal - NYTimes.com: "And now you can see why tighter ozone regulation would actually have created jobs: it would have forced firms to spend on upgrading or replacing equipment, helping to boost demand. Yes, it would have cost money — but that’s the point! And with corporations sitting on lots of idle cash, the money spent would not, to any significant extent, come at the expense of other investment."
'via Blog this'

Why can't Obama even stand up for something when he has got an argument on his side?  I say fuck his re-election!

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