**Written by Doug Powers
President Obama promised to present America with his jobs plan after his vacation on Martha’s Vineyard. That was in 2010. This year he said the exact same thing before his vacation on Martha’s Vineyard (an administration that’s gone into reruns after only two and a half years is officially out of ideas). We’re still waiting for the latest “jobs plan,” which will also be reruns, but until then how about some new regulations?
President Barack Obama says his administration is considering seven new government regulations that would cost the economy more than $1 billion each a year, a tally Republicans will pounce on to argue that Congress needs the power to approve costly government rules.
In a letter to House Speaker John Boehner, R-Ohio, Obama lists four proposed Environmental Protection Agency rules and three Department of Transportation rules estimated to cost in excess of $1 billion. One of the proposed EPA rules — an update to the health-based standard for smog — is estimated to cost the economy between $19 billion and $90 billion.
The letter, dated Tuesday, comes as the Republican-controlled House prepares to consider legislation that would require congressional approval for any new regulations that would impose a significant cost on industries.
And while the regulations would be expensive to comply with, EPA officials say they will save billions of dollars in avoided health care costs each year by reducing asthma and other illnesses, such as cancer. In some cases, the cost savings are greater than the upfront expense, according to EPA figures.
The EPA believes that regulations are job creators, so without a doubt the president’s “jobs plan” will contain even more regulation stimulus.
Some of those regs are designed to shove America kicking and screaming into “clean energy,” which of course creates “green jobs” by the dozen at just a fraction of the cost of, say, wasting a hundred times more money. Sheriff Joe Biden spoke about that today in Las Vegas after arriving in that city via Chevy Volt this morning:
Biden said the nation is already trailing China and Germany in green technology. It will trade its dependence on foreign oil for a dependence on foreign clean energy technology if its leaders don’t act to help fledging green researchers and businesses, he said.
“If we shrink from deciding whether we are going to lead in the area of alternative energy, renewable energy, then we will be making the biggest mistake that this nation has made in its history,” Biden said during his keynote speech at the fourth-annual National Clean Energy Summit.
Beg to differ on that last part, Joe.
**Written by Doug Powers
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