Barack Obama recently answered a question regarding the number of jobs that could be created when the Keystone XL Pipeline is approved and underway...OBAMA: Well, first of all, Michael, Republicans have said that this would be a big jobs generator. There is no evidence that that’s true. And my hope would be that any reporter who is looking at the facts would take the time to confirm that the most realistic estimates are this might create maybe 2,000 jobs during the construction of the pipeline -- which might take a year or two -- and then after that we’re talking about somewhere between 50 and 100 [chuckles] jobs in a economy of 150 million working people.
And the very inconvenient truth about this is...
"Here’s the president, tossing out a rather low figure ('maybe 2,000' during the construction phase) and then chuckling that it would only be '50 to 100 jobs' after that. When we had looked at this before, we concluded that all such estimates are subject to guesswork, but the most mainstream estimate appeared to come from the State Department — 5,000 to 6,000 construction jobs per year. Interestingly TransCanada, which would build the pipeline, had a very similar estimate for the two-year project — 13,000 jobs, or 6,500 per year...The State Department also says the project could “potentially support approximately 42,100 average annual jobs across the United States over a one-to-two-year period.” State said the employment would translate into about $2 billion in workers’ earnings, $3.3 billion in construction and materials costs and $67 million in state and local taxes. That sounds like real money and quite a few jobs, at least in the short term."
Read more at...
http://townhall.com/tipsheet/guybenson/2013/07/31/obama-meh-the-keystone-pipeline-might-only-create-50-jobs-n1652637
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