Sunday, November 1, 2009

Climate Progress: Must-have PPTs: GOP witness details harsh impact Bush-Cheney policies had on U.S. manufacturing jobs

October 29, 2009
Cicio big 1
The US manufacturing sector has lost over 5.1 million jobs in the last 10 years. Output and investment per GDP has fallen consistently and imports have risen sharply. (See charts below) This is not the time to implement risky unproven climate policy. The US economy cannot afford to lose any more jobs or shutdown facilities. Approximately 40,000 manufacturing plants have closed during the seven years ending in 2008. We have lost eleven industries that we were once dominant since the late 1990s. By late 2008, the US trade deficit with China alone was running at close to $1 billion per day, amounting to more than $90 per month or more than $1100 per year for every American.
That’s from one of the strangest pieces of testimony you’re ever going to see — by Paul Cicio, Executive Director, Industrial Energy Consumers of America.
Read the rest of the post at the source…

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