In a speech to employees of the Environmental Protection Agency on Tuesday, President Barack Obama said that EPA regulations are good for the economy and create jobs and that the agency "touches" the lives of every American every day.
“We can make sure that we are doing right by our environment and, in fact, putting people back to work all across America,” Obama told the federal workers.
“When we put in place new common-sense rules to reduce air pollution, we create new jobs building and installing all sorts of pollution-control technology,” Obama said.
Of course, it's well-known by now that the only economics Obama has ever absorbed is the false theory of the Keynesians that any spending is good and can be transformed via one of many "multipliers" into jobs. Completely lost on him is the fact that every new pollution-control requirement is a cost to business that diverts capital from increasing production to spending precious dollars merely to stay "legal" and, hopefully, keeping production where it was several thousand dollars ago -- and that's the best-case scenario.