Episode 148 • • 1:04:48 - 1:09:16
148: Adam Gets Kicked Out
Margot Thorning on GDP Decline and Job Losses
Margot Thorning of the American Council for Capital Formation testified that the Waxman-Markey bill would reduce U.S. GDP by up to 2.4% by 2030. Using the government's own macroeconomic models, she predicted a loss of up to 2.4 million jobs and a $1,200 decrease in annual household income. The hosts lament that the media ignores these technical hearings in favor of sensational stories.