The Center for Data Analysis (CDA) at The Heritage Foundation has conducted an econometric model study on the likely impact on major sectors of the U.S. economy if the Obama-Waxman-Markey cap-and-trade anti-global warming energy bill being voted on in the House of Representatives today ultimately becomes law.
On average, the measure would cost more than 50,000 jobs annually just in the transportation equipment segment of the economy. Transporation equipment sounds like a pretty dull area, but it actually is among the most dynamic sectors of the economy because it includes the car and truck industries, aircraft, ships, trains, motorcycles and bicycles.
For data on other major sectors, see: Chemicals, wood products, machinery, paper, plastics and rubber, electrical equipment and appliances, construction, and manufacturing.
The CDA calculations are based on data derived from the Global Insight econometric model of the U.S. economy.
