IBD: Keystone XL Pipeline And Jobs — Put Up Or Shut Up

“The day after the president announces he would reward businesses that bring jobs into the U.S., the Chamber of Commerce asks: What about the pipeline from Canada that would bring both jobs and energy?”

Investor’s Business Daily editorializes,

The irony was mind-boggling when President Obama addressed a group of business leaders at the White House last Wednesday on his plans to reward “insourcing.”

“There are workers ready to work right now,” he told them. “In the next few weeks, I will put forward new tax proposals that reward companies that choose to bring jobs home and invest in America — and eliminate tax breaks for companies that move jobs overseas. Because there is opportunity to be had right here.”

Indeed, there are opportunities right now for companies to bring jobs to the U.S. and workers ready to fill them, as U.S. Chamber of Commerce President Tom Donohue reminded Obama the next day during his “State of American Business 2012” address.

“We can put 20,000 Americans to work right away and up to 250,000 over the life of the project,” Donohue said. “Labor unions and the business community alike are urging President Obama to act in the best interests of our national security and our workers, and approve the pipeline”…

Read the entire IBD editorial.

3 thoughts on “IBD: Keystone XL Pipeline And Jobs — Put Up Or Shut Up”

  1. Fantastic idea James! I had forgotten how much of the country wasn’t serviced by natural gas. Maybe the next energy-realist President can get the ball rolling on this.

  2. We are getting to the point where the U. S. is producing more natural gas than it can use. We need to extend natural gas pipelines to all residences in the U. S. where it is practical. This will eliminate the use of heating oil and save possibly 100 million barrels of oil per year for this activity. In addition, this would eliminate the foolish use of three Btu of fuel to make electricity to produce one Btu of hot water or cooking. This should be a project for the country that would use U. S. steel for pipes and U. S. workers for installations. This project would be bigger than the Keystone XL and can be paid for by the home owners that will save energy expenses due to the project.

    James H. Rust

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