Waxman-Markey bill includes a cap on job losses

Via Investors.com

Democrats failed to create jobs with their unnecessary, pork-laden stimulus bill. Now they want to kill even more of them with an equally unnecessary global warming bill.

The party that cares so much about jobs for "working families" sure has a funny way of saving them.

Amid pre-summer frosts and hailstorms, the White House this week released a sky-is-falling report on global warming that outdoes even Al Gore in predicting doomsday scenarios.

"Heat waves will become more frequent and intense," the report warns, unleashing an apocalypse of "major insect outbreaks" and herbicide-resistant, garden-choking ... "weeds" (horrors!).

"Heat waves" in the Midwest and "extreme heat" in the Northeast will lead to "increases in heat-related deaths."

Really? Tell that to berry farmers in Michigan, whose crops have been delayed by a cold snap for the second spring in a row.

Or New Englanders, who have seen temperatures drop four degrees below normal.

It's all a set-up for a painful government fix. The public duly alarmed, the White House embraces a House bill to control industrial carbon emissions through a punishing cap-and-trade scheme.

The Democrats' energy bill would have the effect of de-industrializing America and cost millions of jobs — something its authors, Democratic Reps. Henry Waxman and Ed Markey, indirectly acknowledge. Buried in the fine print of their jobs-killing bill is a provision to provide relief against massive dislocations.

"The Democrats' bill has an unemployment provision that provides 70% of your job benefit for at least three years — in addition to any other unemployment benefits — if you lose your job because of that bill," Rep. Joe Barton, D-Texas, said. "They, at least tacitly, recognize that their bill is going to cost millions and millions of jobs."

In other words, the cap on emissions requires a cap on job losses.