March 8, 2019
The Green New Deal's destruction, by the numbers
By Anna L. Stark
The Green New Deal, proposed by N.Y. congresswoman Alexandria Ocasio-Cortez and co-sponsored by Mass. senator Ed Markey, is not new. Their iteration is simply a repackaged adaptation replete with a garden-variety list of proposals per the socialist screed. Setting aside the guaranteed freebies for the masses, it's hard to ignore that the GND seeks to eliminate multiple industry sectors in the United States, while claiming that it will create millions of new jobs without proof to back up any of the claims. So I did the math and discovered that jobs lost in the energy, cattle/dairy, and airline employment sectors are staggering, and the lost revenue for the American economy would be catastrophic.
The U.S. energy industry currently employs 10.3 million people, according to the 2015 Economic Impact of the Natural Gas and Oil Industry report published by the American Petroleum Institute. The natural gas and oil industry in the United States contributes $1.3 trillion to the American economy. The United States coal-mining industry employed approximately 53,000 workers as of 2017 and garnered $26 billion in sales for the same year, according to the National Mining Association website. Ocasio-Cortez and Markey want to eliminate the use of natural gas, petroleum oil, and coal, failing to offer an explanation of how the American economy replaces the revenue lost. In addition, petroleum oil and coal are used in the production of hundreds of products from plastics to steel. Again, no explanation as to what replaces oil and coal in manufacturing.
Read more:
https://www.americanthinker.com/blog/2019/03/the_green_new_deals_destruction_by_the_numbers.html#ixzz5ha8ngOHk
