Sunday, August 4, 2013

Wow, Talk About A McGuffin; A Real Forrest Gump

FoxBusiness is reporting:
Obama said ... the evidence was that TransCanada Corp's Keystone XL pipeline, which would carry 830,000 barrels per day of crude from Canada's oil sands and the Bakken shale in North Dakota and Montana to refineries on the U.S. Gulf Coast, would not be a big jobs generator.
He said it might create 2,000 jobs during the construction for a year or two and then 50 or 100 jobs thereafter. 
[His own] State Department's analysis in March was that Keystone would support 42,100 direct and indirect jobs.
But, of course, that was the same State Department advising him on Benghazi.

I wonder if the US interstate system (except for a few toll roads) has any permanent employees. The interstate system was a huge jobs program with a great strategic purpose, not unlike the US natural gas and crude oil pipeline system.

For O'Bama to say the Keystone, with 50 permanent jobs, is not a jobs program, reveals just how much of a Forrest Gump he really is.

But again, TransCanada made a mistake by opening the door to that argument: arguing that the Keystone was a jobs program. 

No comments:

Post a Comment