Elizabeth Warren Promises To Put Millions of Americans Out of Work On First Day If Elected POTUS
With all the stupid ideas floating around the Democrats as they all work toward making themselves stand out from the saturated crowd, one of Elizabeth Warren’s proposed ideas will come with one of the hardest impacts to the economy and Americans.
Pocahontas said that on day one, she will eliminate MILLIONS of American jobs.
Warren tweeted, “On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban fracking—everywhere.”
On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban fracking—everywhere.
— Elizabeth Warren (@ewarren) September 6, 2019
So what’s the problem exactly? Well, first take a look at the following report from the Heartland Institute:
A 2015 Harvard Business School/Boston Consulting Group study estimates fracking supported 2.7 million jobs in 2014, with the potential to grow to 3.8 million jobs by 2030. Similarly, PricewaterhouseCoopers (PwC) prepared a report for the American Petroleum Institute that estimates the oil and natural gas industries supported 10.3 million jobs in 2015, an increase of about 500,00 compared to 2011.
The RAND Corporation projects the industries will support an additional 1.9 million jobs by 2035. By the same year, a 2012 IHS Markit study estimates fracking will have created 3.5 million jobs.
A 2016 Chamber of Commerce study projects that if the fracking revolution of the previous decade had not occurred, 4.3 million jobs would not have been created, the U.S. economy would be $500 billion smaller and residential natural gas prices would be 28 percent higher.
So if you eliminate fracking, you will be eliminating all those millions of jobs instantly.
Other users on Twitter called her out on her stupid ideas pointing out her error.
One user said, “Gas prices will be 17$ a gallon. I hope you’re planning to invest trillions in public transportation since nobody will be able to afford cars. Im sure that didn’t cross your mind and thats why you’re not fit to be president.”
Gas prices will be 17$ a gallon. I hope you’re planning to invest trillions in public transportation since nobody will be able to afford cars. Im sure that didn’t cross your mind and thats why you’re not fit to be president.
— Julia Song (@realjuliasong) September 6, 2019
Another user wrote, “Back to dependency on foreign oil. Nice thinking.”
Back to dependency on foreign oil. Nice thinking.
— Jamie Smith (@292jms) September 7, 2019
Another user really nails it when he tweeted, “TRANSLATION: On day one I will take executive action that impacts millions of jobs and raises the cost of gas, heating oil, and manufactured goods directly impacting all Americans. Especially the poorest in this country.”
TRANSLATION: On day one I will take executive action that impacts millions of jobs and raises the cost of gas, heating oil, and manufactured goods directly impacting all Americans. Especially the poorest in this country.
— DallenH ⭐️ ⭐️ ⭐️ (@d_allen_h) September 6, 2019
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