Obama Administration Creates About 500 New Jobs Unemployed

Maybe before Obama tries to con us all again that his Son of Stimulus will save or create a bazillion new jobs, his administration could try something simpler. For starters they could not kill hundreds of jobs at a time.

Texas energy company Luminant announced on Monday new burdensome Environmental Protection Agency regulations are forcing it to close several facilities, which will result in about 500 job losses.

The company will be idling — stopping the usage of — two energy generating units. It will also cease extracting lignite from three different Texas mines.

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“We have hundreds of employees who have spent their entire professional careers at Luminant and its predecessor companies,” Luminant CEO David Campbell said in a statement. “At every step of this process, we have tried to minimize these impacts, and it truly saddens me that we are being compelled to take the actions we’ve announced today. We have filed suit to try to avoid these consequences.”

Via David Hauptmann, last year the Democrats passed a $26 Billion "jobs bill" to prop up state worker payrolls, exactly what he's talking about now. This is simply an attempt to subsidize public employee and other unions.

An oh by the way, Bank of America just announced they are cutting 30,000 40,000 jobs in the next three years.

Pass this bill!

posted by DrewM. at 11:35 AM

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