Gulf Spill Update: Obama’s Job-Killing Moratorium
Brandon Stewart /
The final cost of the Gulf spill cleanup hasn’t even been tallied and some experts are already predicting that the economic impact of the President’s politically-motivated drilling moratorium will prove to be more costly.
At the end of May, the President announced that he would be extending his temporary moratorium for six months. But at a time when the White House is desperately trying to spin a dismal June job’s report, forcing thousands of Gulf rig workers out of work only increases the strain on an already fragile local and national economy.
An article in Sunday’s Time-Picayune discussed the projected impact of the President’s costly overreaction: (more…)