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article imageEPA regulations 'spell doom' for economic growth in 2013

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By Larry Clifton     Oct 21, 2012 in Politics
Washington - A congressional report has emerged claiming the Environmental Protection Agency has “delayed action” or “punted” on numerous job-killing regulations while President Obama tries to “earn votes” for a second term.
Oklahoma Sen. James Inhofe, ranking Republican on the chamber’s Committee on Environment and Public Works, says the EPA delayed implementation of a dozen regulations until 2013 that will “spell doom” for jobs and economic growth, according to a Fox News report.
“The Obama-EPA plans to move full speed ahead to implement this agenda if President Obama wins a second term,” Inhofe writes. “These rules taken together will inevitably result in the elimination of millions of American jobs, drive up the price of gas at the pump even more, impose construction bans on local communities and essentially shut down American oil, natural gas and coal production.”
“The 14-page report cites pending regulations on a wide range of environmental-economic issues including those on power plant emissions and hydraulic fracturing,” according to the Fox News report.
The report cited by Inhofe concludes that that the looming regulations on greenhouse gases would cost $300 billion to $400 billion annually and push the price of gasoline and home heating to record levels.
“The requirements are so strict they virtually eliminate coal as a fuel option for future electric power generation,” according to the report. “In a thinly veiled political move, the agency has put off finalizing the proposal until after the election.”
Republicans think the EPA actions could further erode the U.S. economy during a slow, fragile recovery. However Obama's campaign would not address the issue with Republicans and referred their questions to the administration.
For their part, earlier this month an Obama campaign staffer said the president has doubled fuel-efficiency standards so cars and trucks “will go farther on a gallon of gas, helped double our production of job-creating clean wind and solar energies and has championed an all-of-the-above American energy strategy."
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