Report: US Senates In-Action Costs 1.9 Million Jobs

On Thu, Sep 16, 2010 at 8:33 PM, Scott’s Contracting <scottscontracting> wrote:

Report: U.S. Senate’s Inaction on Climate/Energy Bill Costing U.S. 1.9 Million Jobs, Including 600,000 in 10 States With Worst Unemployment Topping 10 Percent

PR Newswire
September 14, 2010
With U.S. Falling Behind by Over $200 Million a Day in Clean Energy Investments, China is Clear Winner Due to Senate’s Failure; More Than Half a Million Jobs Forfeited in 10 States With 10 Percent Unemployment or Higher; Analysis Highlights Impact of Senate’s Failure on 20 States: AR, CA, FL, IL, IN, MA, ME, MN, MO, MS, MT, NH, NJ, NV, OH, OR, PA, RI, SC, and VA.

WASHINGTON, Sept. 14 /PRNewswire-USNewswire/ — China and other leading nations have gained more than $11 billion in job-creating clean-energy investments – with the U.S. losing an estimated $208 million every day – since the U.S. Senate abandoned comprehensive clean energy legislation in late July, according to a new analysis from Small Business Majority, Main Street Alliance, American Businesses for Clean Energy and We Can Lead.

The analysis shows that, if left unremedied, the Senate’s failure to act will cost the United States 1.9 million jobs – including 600,000 in the 10 states with joblessness in excess of 10 percent. The report documents that, in the nearly two months since the Senate failed to act, clean energy investments already have started shifting away from the United States to China and other nations.

Other key findings include the following:

Nearly 600,000 of the unrealized jobs were lost where they are now needed most

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