It’s not Americans.
Daily Wire reports:
On Wednesday, NBC News reported on President Biden’s plans to “hit the ground running,” listing the plans Biden has announced for his first day in office, including:
- Rejoin Paris Agreement
- Repeal Trump travel ban
- Halt border wall construction
- Mask mandate
- Extend eviction freeze
- Unveil immigration plan
- Extend student loan pause
- Revoke permit for Keystone XL pipeline
NBC News reported Wednesday that “Biden will sign more than a dozen executive actions Wednesday when he arrives at the White House after having been sworn in as the 46th president, including measures to rejoin the Paris Agreement on climate change, repeal Trump’s restrictions on travel from several Muslim-majority countries, stop construction of the Southern border wall and mandate wearing masks on federal property.”
As Dan Crenshaw notes, cutting off domestic oil helps Russia, because they will pick up the slack when we can’t sell our oil.
According to the Keystone XL website, the project, initially proposed more than a decade ago, would sustain about 11,000 U.S. jobs in 2021 – including 8,000 union jobs – and generate $1.6 billion in gross wages.
It is unclear how the Biden administration plans to address the job losses, but his $2 trillion clean energy infrastructure plan, with its goal of reaching net-zero emissions by 2050 at the latest, aims to “create millions of good-paying jobs that provide workers with the choice to join a union and bargain collectively with their employers,” according to his website.
The plan targets the creation of 1 million jobs within the auto industry; “millions” of jobs within the power sector; 1 million jobs in building construction; 250,000 jobs “plugging abandoned oil and natural gas wells” and more.
The Paris Agreement is disregarded from China and other mass polluters, it just hampers our economy in every way – raising our energy prices and destroying our economy. Trump had already led the world in cutting emissions without it.
Joe Biden will rejoin the Paris climate agreement soon after being inaugurated as president of the United States. Climate change, according to Biden, is “an existential threat” to the nation, and to combat it, he proposes to spend $500 billion each year on climate policies — the equivalent of $1,500 per person.
[…]Rejoining the Paris agreement will solve very little at a high cost. By the UN’s estimates, if all nations live up to all their promises, they will reduce global temperature by less than 0.09 degrees Fahrenheit by 2100.
And Paris is costly, because it forces economies to use less or more expensive energy. Across many studies, the drag to the economies is estimated at between $1 trillion and $2 trillion in lost GDP every year after 2030.
Stopping the wall will let in low-skilled illegal immigrants, which passes on costs for emergency room health care, schools, crime, etc. on to the law-abiding tax-payers. It’s a disaster. But that’s what many low-information American voters chose.
And the economy will also suffer because he’s going to put political correctness above prosperity.
Why it matters: Biden is charting an economic policy that’s visibly to the left of Bill Clinton and Barack Obama. If he succeeds, it’s going to show up not only in taxes and spending, but also in regulation.
Who to watch: Biden is being pulled to the left on economic policy not only by the Democratic Party, but also by economic orthodoxy.
Led by incoming Treasury Secretary Janet Yellen, the economic policy team has signaled that it will be the first administration ever to construct economic policy around issues like race, gender equality and climate change, rather than around traditional indicators like gross domestic product or deficit ratios.
I hope you’re ready for poverty and unemployment. But think how good the Democrats will feel about themselves.