Heritage Foundation's Moore: Obama's Green Initiatives Harm US

Thursday, 05 Jun 2014 07:04 PM

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Stephen Moore, chief economist for The Heritage Foundation, says the United States will suffer greatly with the implementation of President Barack Obama's green initiatives.

"Can they really believe this spin that oh, it's going to create all of these green jobs and nobody's going to be harmed by this?'' Moore, a former senior economics writer for The Wall Street Journal, told "The Steve Malzberg Show" on Newsmax TV.

"I live in Virginia, I see first-hand that people are losing their jobs … [In] coal mining towns, fourth generation, people making $35,000 to $45,000 a year are seeing their jobs wiped out.

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"President Obama says how much he cares about poor people … For me, this was the straw that broke the camel's back,''

This week, the Environmental Protection Agency launched its new initiative to cut carbon emissions by 30 percent by 2030 — mostly from using less coal which now accounts for about 38 percent of the nation's electricity usage.

"I don't understand how a man who professes to care about minorities, low income people, women, is so cavalierly destroying jobs to prevent the oceans from rising. Does he have some kind of Messiah complex?'' Moore said.

"Do you know how much this will reduce global carbon emissions [in the next 25 years]? One percent! And we're going to put 100,000 Americans out of jobs. We're going to destroy our coal industry.

"We're going to raise electricity prices by thousands of dollars over the next decade for American consumers. We're going to hurt our manufacturers and we're going to do this for nothing."

See "The Steve Malzberg Show" on Newsmax TV each weekday live by clicking here now.

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