by Rick Hill, former US Congressman for Montana
“It’s the economy, stupid.”
James Carville’s theme for Bill Clinton’s 1992 presidential campaign rings just as true 20 years later. Pocketbook issues matter more to voters than anything else – and in 2014, American voters are going to be motivated by the granddaddy of them all.
I’m referring, of course, to President Barack Obama’s proposal on regulating greenhouse gas emissions from power plants. It comes with a hefty price tag that will be felt by all Americans.
The U.S. Chamber of Commerce estimates the regulation will decrease the average household’s disposable income by $3,400 as a result of higher prices for energy and a slowdown to the economy. Those income reductions come in addition to an average of a quarter million jobs estimated to be lost each year through 2030. [Read more…]