Republicans have fired back after the President’s speech last night stating that they have passed over a dozen job creation bills that have stalled in the Senate. Let’s break them down, shall we?
The Reducing Regulatory Burdens Act- H.R. 872: This bill amends the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) and the Clean Water Act (CWA) to prohibit the Administrator of the EPA or the state to require a permit under the CWA for a discharge from a point source into navigable waters of a pesticide authorized for sale, distribution, or use under FIFRA, or the residue of such a pesticide, resulting from the application of such pesticide.
The benefits of this legislation are to reduce cost of duplication and bureaucracy in permitting. This is probably the only bill out of the ones I’ve seen that I would actually support. Would this create jobs? It would probably create some, but not in significant enough numbers to make a huge dent in the unemployment rate.
The Energy Tax Prevention Act-H.R. 910: To amend the Clean Air Act to prohibit the Administrator of the Environmental Protection Agency from promulgating any regulation concerning, taking action relating to, or taking into consideration the emission of a greenhouse gas to address climate change, and for other purposes.
Basically, the EPA would not be able to enforce a number of provisions in the Clean Air Act. There is a lot of mention of Texas, who has recently been cited for gross violations of environmental laws and is currently considered the worst offender when it comes to polluting the environment. The increased health costs would negate any economic benefit this bill would provide and it just smacks of special interest agendas.
The passage of this bill would be a job killer. Going green has created a niche industry of pollution processing companies and green companies that provide jobs from maintenance to engineering to administration. It is a big business versus small business scenario and big business wants this bill to pass.
The Clean Water Cooperative Federalism Act-H.R.2018- To amend the Federal Water Pollution Control Act to preserve the authority of each State to make determinations relating to the State’s water quality standards, and for other purposes.There is always a federal standard set and the state can meet or exceed those standards.
To imply that States do not have the authority to determine their own standards is misleading. Some states, like Texas, simply do not wish to comply, sacrificing public health and safety in the name of profit. In the end, it ends up costing more by placing additional burden on our social services safety net.
This is not the way for us to create jobs by sacrificing the environment and people’s health. It’s short sighted and unethical. But this is Texas we are talking about. The same state where its governor, Rick Perry, was contemplating implementing a scheme to capitalize on the lives of retired teachers for profit. Ethics would require some form of compassion and how can you make money off of that?
Again, the same argument, this would kill more jobs than it would create. Green industry is a growth industry right now. We need to be investing as much as possible. That is where our future lies. That is how we can grow sustainable jobs right now that cannot be sent overseas.
Consumer Financial Protection Safety and Soundness Improvement Act-H.R.1315: To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Financial Protection, to rescind the unobligated funding for the FHA Refinance Program and to terminate the program, and for other purposes.
Sounds all warm and fuzzy, doesn’t it? It’s not. It is designed to strip away what little consumer protection is in place right now for homeowners and consumers in the financial sector. It will also result in more foreclosures and a deepening depression of an already fragile housing sector. This is not job creation legislation. This is designed for big banks to increase their profits. They will not use this to create jobs. At least not in this country.
The tally so far is one bill that has the potential for very modest job creation potential. Two bills that would be job killers and not job creators. And one bill that strips away what limited consumer protections there are for consumers in the financial marketplace as well as eliminating help for homeowners which would further depress the housing industry and potentially cause more job losses.
Deregulation was a major contributor to the Great Recession; more deregulation will not put Main Street on the path to prosperity.