Worst Case Scenario of Sequester is Far Better Than the Porkulus

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Ah the infamous sequester-those automatic spending cuts that kick in if the Republicans don’t compromise give in to every single demand or whim Obama makes.  Estimates from the screaming left claim that 750,000 jobs will be lost due to the sequester (which Obama protected, under threat of veto).  However, those same leftists don’t seem to be all that concerned with all the people that are losing their jobs due to ObamaCare, but I digress.  However, even if the 750,000jobs lost figure is correct, it’s still a drop in the bucket compared to all the job losses after the stimulus Porkulus passed.  That spending débâcle, that cost more than Bush’s entire Iraq war, caused over 5,000,000 jobs to go away.  Gateway Pundit (who has yet to link this site), has more…

Well, it sounds bad until you compare it to the Obama stimulus.
In the three years after the $787 billion dollar Obama stimulus the Labor Force Participation Rate dropped from 65.7% in January 2009 to 63.6% in September 2012.
labor participation rate

Where are the screaming liberals here?  Oh, that’s right, how many of those got “paid off” with Porkulus money?

Linked by Theo Spark.  Thanks!

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Obama’s Second Term EPA to Destroy Coal Industry

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Apparently, the Obama Administration is holding back on announcing new regulations, especially from the EPA.  It would seem that the Administration does not want prospective voters knowing what the EPA will be up to.  However, Freedom Works has some relevant information…

First, an October report from Republican Sen. James Inhofe indicated that the EPA specifically “punted” on numerous regulations in an attempt to “earn votes” for a second term.  

Then, the administration illegally failed to meet a deadline for releasing regulatory plans for the coming year, a move which prompted Inhofe to release the following statement:

“President Obama is refusing to comply with the law that requires him to publish forthcoming regulations because he doesn’t want the American public to know the terrible cost of the regulatory barrage he plans to unleash in a second term.”

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The actual cutback in October regulations and subsequent plans in November bear this out.  We’ve seen an unprecedented number of ‘economically significant’ regulations being approved by the Obama administration last month.  Reports indicate that there were only 4 regulations approved during October, while Obama has averaged over 40 such regulations on average over his term.

Inhofe warns that 2013 will be much different – wide-sweeping regulations will be coming from the White House … after the election.  And it won’t be a pretty scene for the jobs scene in coal country:

The Oklahoma senator and ranking Republican on the chamber’s Committee on Environment and Public Works has released a report stating that when the agency approves the roughly one dozen regulations next year in 2013, they will “spell doom” for jobs and economic growth… ‘These rules taken together will inevitably result in the elimination of millions of American jobs, drive up the price of gas at the pump even more, impose construction bans on local communities and essentially shut down American oil, natural gas and coal production.’”

New EPA regulations will facilitate the closing of up to 69,000 megawatts of coal-fueled electric generation, and will sever up to 887,000 jobs per year. Worse according to the report, peak years could see job losses anywhere between 700,000 and a staggering 2.2 million.

That’s what Obama promised.  He promised to bankrupt coal, and the new regulations, that won’t be released unless/until Obama wins will do exactly that.  But, how many people working in the emergy/coal sector will go out and vote for the man who will put them out of work?

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