The Democrat controlled Senate had the opportunity to create jobs, generate growth, add some tax revenue, and did I say create jobs? But Harry Reid couldn’t bring himself to get the Keystone XL Pipeline project approved before the recess.
According to Human Events-Capitol Briefs (Print edition), the pipeline is a $7 billion dollar project, fully funded with private money. (That might be part of why Reid is in no big hurray.) The Project would create and estimated $20 billion in new spending while it created 120,000 jobs and added 200 million in state and local taxes.
Workers would lay 1600 miles of pipe from Canada to Texas.
Private sector jobs, economic growth, no cost to taxpayers, and more tax revenue to states and local municipalities.
Harry Reid and the democrat controlled Senate just had to work out the schedule and push the start button but Reid can’t manage get to it. Instead the Senate is on summer recess until sometime in September.
It is a sad but predictable outcome from the leaders in the democrat party who still control what gets done (and does not get done in) our nations Capitol. The White House is not interested in the bill so Reid is doing what he has continued to do since November 2010. He is using the Senate to shield Mr. Obama from having to deal with anything that might make him look bad in the run up to the election.
So do not expect those 120,000 jobs to be created with rich people money. Forget about the boost to local economies and increased tax revenue from more domestic commerce. Instead of getting oil from an ally like Canada, since we still can’t seem to find a way to drill our own, well get it shipped in on giant diesel powered tankers, across our pristine oceans, and trucked across the fruited plain to refineries. While we’re a it, lets make sure we keep giving as much of that money and commerce as possible to people likeHugo Chavez of Venezuela.
We can call it the Obama Plan for American Energy in-Security.
Note: If you contact NH Senator Shaheen to ask her position, Greene Shaheen will probably tell you the following:" Canadian oil is more corrosive and there is some concern that it would corrode the pipes and cause a catastrophic spill."
This is the Green Lobby talking point. They also say, according to the electronic version of the article, that US oil is less corrosive. (Wouldn’t it be great if they let us drill for some of that?)
