The MICHIGAN SCIENCE Winter 2009 Issue #8 indicates the costs of EPA regs and institution of environmental laws will dwarf the recent stimulus package. Put out by the Mackinac Center for Public Policy, it is one of the services you get for a nominal membership fee. You can check it out on the web. But tonight I'd just like to give you a bit of information from the above issue.
EPAs Advance Notice of Proposed Rulemaking (ANPR) is nothing less that the most costly, complicated and unworkable regulatory scheme ever proposed.............
Among other specifics with accompanying charts they reach the following conclusion:
"Virtually every concern heightened by the economic downturn, especially job losses, would be exacerbated under the ANPR. As with cap and trade legislation, the EPA's suggested rulemaking would be poison to an already sick economy. But even in the best of economic times, this policy would likely end them. The estimated costs -- close to $7 trillion and 3 million manufacturing jobs lost -- are staggering. So is the sweep of regulations that could severely affect nearly every major energy using product from cars to lawnmowers, and a million or more businesses and buildings of all types. And all of this sacrifice is in order to make at best, a miniscule contribution to an overstated environmental threat."