Links tagged “economy”

Obama mocks Keystone XL pipeline jobs: '...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.'

NYT: Yet there are a number of unions who want you to approve this.

MR. OBAMA: 'Well, look, they might like to see 2,000 jobs initially. But that is a blip relative to the need.'

Lew: "There were some political games that were played, that took it off the trail and path to completion, where Republicans put it out there as something that was put on a timetable that it could not be resolved. It caused a delay'

'Alberta has reserves on the order of 170 billion barrels of oil locked in the tar sands. Left alone, the tar sands are worth nothing. But excavated and processed into crude oil, they are worth (at today’s prices) more than $100 per barrel — i.,e, $17 trillion. That is a lot of wealth to create out of nothing — wealth that can create a lot of jobs.'