(IBD) Obama's Keystone Job Claims As Phony As His Recovery
Energy Policy: The president falsely claims that the jobs created by the pipeline from Canada would be but a "blip relative to the need," ignoring his own State Department and the unions that support him.
At the rate President Obama is going, he may claim that building the Keystone XL pipeline will actually cost jobs. In an interview with the New York Times last Saturday, he argued that the best estimate is 2,000 initial construction jobs followed by no more than an additional 100 jobs, a mere "blip."
The newspaper's transcript of the interview showed Obama chuckling dismissively as he made his point.
Then on Tuesday, in a jobs speech in Chattanooga, the president ratcheted that number downward. "They keep on talking about this — an oil pipeline coming down from Canada that's estimated to create about 50 permanent jobs. That's not a jobs plan."
No, Mr. President, it's part of a plan to boost an economy that will create private-sector jobs, as your own State Department has told you.
After five years of review and many studies, the State Department found that "including direct, indirect and induced effects, the proposed (Keystone) project would potentially support approximately 42,100 average annual jobs across the United States over a one- to two-year construction period."
Granted, these are not permanent jobs. But the number is a lot bigger than the 2,000 Obama claimed on Saturday.
The southern leg of the project, from Cushing, Okla., to the Gulf of Mexico, which didn't need the president's or the State Department's approval, has already created 4,000 jobs as workers lay and align the 425-mile stretch of pipeline, according to an Associated Press report.
Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials/073113-665887-obama-says-k... Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
(IBD) Obama's Keystone Job Claims As Phony As His Recovery
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