Policy:
Cut production of the F22 air superiority fighter:
Jobs created:
-25,000 direct jobs
-100,000 (est.) indirect jobs
Took over GM and Chrysler, allowing Congress to mandate the closing of 1000 dealerships:
Jobs created:
-100,000 to -200,000
Cap and Trade:
Jobs created:
-400,000 ot -900,000 PER YEAR
Now, it's true that these jobs are still around and we won't see these numbers for the military cuts and the cap and trade scheme for a while yet. However, the impact of the closure of auto-dealerships will be pretty immediate. Also, the above estimates don't take into account the jobs which will be lost in the retail and service industries which cater to the workers in the above industries. Neither do they take into account the fact that the cap and trade scheme will create a contracting force on the economy. This contraction will mean more lost jobs, most of which are in the service and retail sectors-the sectors which employee most of our poorer neighbors.
Keep in mind also, that these job losses will be in addition to those which will have come about due to the contracting economy alone. Oh, well, I suppose misery loves company.
Anyway, the bottom line is that many of these disappearing jobs are the sorts of jobs-well-paying and/or high-tech- that Obama and the Democrats say they want to create. It's odd how their policies don't reflect their statements, or vice-versa.
Read more about the impact of cap and trade here:
The auto-dealearship closings here:
The impact of the F-22 program here:
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