Good afternoon – Next week President Obama is expected to roll out another wave of destructive EPA regulations that a recent study says would cost the economy 224,000 jobs and $51 billion EACH YEAR. Economic growth has remained weak in no small part due to this Administration’s excessive regulation, so why are President Obama and the Democrats piling on with even more after the economy contracted for the first time in 3 years? Clearly the President is more concerned with cementing his legacy with liberal environmentalists than growing the economy, but he is also putting Democrats like liberal Senator Mark Pryor in the line of fire.
“Even as economic growth contracts for the first time since 2011, President Obama is moving forward with another round of destructive EPA regulations that will cost our economy up to 224,000 jobs and $51 billion each year. But with Arkansas families and businesses preparing to take another hit in the form of lost jobs and higher energy bills, Senator Pryor once again isn’t standing up to the President. Why is President Obama’s legacy with liberal environmentalists more important to Senator Pryor than putting America back to work?” – RNC spokesman Michael Short
According To A Revised Estimate By The Bureau Of Economic Analysis, GDP Contracted By 1 Percent In The First Quarter Of 2014. (Bureau Of Economic Analysis, 5/29/14)
- “It Was The First Time Economic Output Contracted Since The First Quarter Of 2011, When It Declined At A 1.3% Pace.” (Ben Leubsdorf and Sarah Portlock, “GDP Contracted At 1% Pace In First Quarter,” The Wall Street Journal, 5/29/14)
According To A Report By The U.S. Chamber Of Commerce’s Energy Institute, Obama’s EPA Carbon Regulations Will Cost The Economy Up To 224,000 Jobs And $51 Billion In Economic Output Each Year. (Press Release, U.S. Chamber of Commerce, 5/28/14)
Coal-Fired Power Plants Produced 2,875,000 Mega Watt Hours Of Electricity In Arkansas In March Of 2014. (Electric Power Monthly, May 2014, U.S. Energy Information Administration, 5/21/14, Table 1.7.A. Net Generation From Coal)
- Coal Accounted For 53% Of The 5,436,000 Mega Watt Hours Of Electricity Generated In Arkansas In March Of 2014. (Electric Power Monthly, May 2014, U.S. Energy Information Administration, 5/21/14, Table 1.6.A. Net Generation From Coal)
Elections Mark Pryor