Obama-Salazar knew drilling moratorium would destroy 23,000 jobs
President Obama, who says his top priority is saving and creating jobs, implemented Secretary of Interior Ken Salazar’s drilling moratorium over his own adviser’s warnings that it would destroy 23,000 jobs in the gulf.
According to the Wall Street Journal, “the new top regulator or offshore oil exploration, Michael Bromwich, told Interior Secretary Ken Salazar that a six-month deepwater-drilling halt would result in ‘lost direct employment’ affecting approximately 9,450 workers and ‘lost jobs from indirect and induced effects’ affecting about 13,797 more.”
The Obama Administration had no idea how to kill the oil well leak, but they sure knew how to kill 23,000 jobs in the local gulf economy still on its knees from the devastation of Hurricane Katrina.
- A Line of Sight's blog
- Login to post comments
Bumper Sticker of the Month
Featured Editor - Dr. Sanjai Bhagat
Sanjai Bhagat is Professor of Finance at the University of Colorado at Boulder. He has worked previously at the U.S. Securities and Exchange Commission, Princeton University, and University of Chicago. He has an MBA from the University of Rochester and a Ph.D. from the University of Washington.