{"id":37004,"date":"2019-09-08T20:43:49","date_gmt":"2019-09-09T00:43:49","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=37004"},"modified":"2019-09-08T20:43:50","modified_gmt":"2019-09-09T00:43:50","slug":"some-presidential-candidates-dont-understand-economics","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=37004","title":{"rendered":"Some Presidential Candidates Don&#8217;t Understand Economics"},"content":{"rendered":"<p><a href=\"https:\/\/www.thegatewaypundit.com\/2019\/09\/elizabeth-warren-promises-to-put-millions-of-americans-out-of-work-her-first-day-in-office\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Gateway Pundit<\/a> posted an article today about a recent tweet by Elizabeth Warren.<\/p>\n<p>This is the tweet:<\/p>\n<p><a href=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/09\/ElizabethWarrenTweetFossilFuel.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-37005\" src=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/09\/ElizabethWarrenTweetFossilFuel.png\" alt=\"\" width=\"505\" height=\"169\" srcset=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/09\/ElizabethWarrenTweetFossilFuel.png 505w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/09\/ElizabethWarrenTweetFossilFuel-300x100.png 300w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/09\/ElizabethWarrenTweetFossilFuel-500x167.png 500w\" sizes=\"auto, (max-width: 505px) 100vw, 505px\" \/><\/a>The article includes the following quote from an article posted at <a href=\"https:\/\/www.heartland.org\/publications-resources\/publications\/research--commentary-fracking-has-turned-united-states-into-worlds-leading-oil-producer\" target=\"_blank\" rel=\"noopener noreferrer\">The Heartland Institute<\/a> website on September 19, 2018:<\/p>\n<p style=\"padding-left: 40px;\"><strong>A 2015 <a href=\"https:\/\/www.hbs.edu\/competitiveness\/Documents\/america-unconventional-energy-opportunity.pdf\">Harvard Business School\/Boston Consulting Group study<\/a> estimates fracking supported 2.7 million jobs in 2014, with the potential to grow to 3.8 million jobs by 2030. Similarly, PricewaterhouseCoopers (PwC) <a href=\"https:\/\/www.api.org\/~\/media\/Files\/Policy\/Jobs\/Oil-and-Gas-2015-Economic-Impacts-Final-Cover-07-17-2017.pdf\">prepared a report<\/a> for the American Petroleum Institute that estimates the oil and natural gas industries supported 10.3 million jobs in 2015, an increase of about 500,00 compared to 2011.\u00a0 The RAND Corporation projects the industries will support an additional <a href=\"https:\/\/www.api.org\/~\/media\/Files\/Policy\/Jobs\/STEM-Employment\/RAND-Education-Report.pdf\">1.9 million jobs<\/a> by 2035.\u00a0 By the same year, a <a href=\"https:\/\/www.westernenergyalliance.org\/wp-content\/uploads\/2009\/05\/AmericasNewEnergyFuture-Volume-12.pdf\">2012 IHS Markit<\/a> study estimates fracking will have created 3.5 million jobs.\u00a0<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>A <a href=\"https:\/\/www.heartland.org\/_template-assets\/documents\/publications\/C%20of%20C%20What%20If%20Report.pdf\">2016 Chamber of Commerce study<\/a> projects that if the fracking revolution of the previous decade had not occurred, 4.3 million jobs would not have been created, the U.S. economy would be $500 billion smaller and residential natural gas prices would be 28 percent higher.\u00a0<\/strong><\/p>\n<p>There is also the matter of national security. America now has the freedom to choose its friends without worrying whether or not our oil supply will be cut off. Some of us remember the 1970&#8217;s gas lines and high price of gasoline.<\/p>\n<p>The world economy (that includes America) is currently based on fossil fuels. Countries who can supply reasonable priced energy attract manufacturing and businesses which create jobs. The end the production of fossil fuel and fracking in America is to reduce America to the status of a third-world (or lower) country.<\/p>\n<p style=\"padding-left: 40px;\">\n","protected":false},"excerpt":{"rendered":"<p>The Gateway Pundit posted an article today about a recent tweet by Elizabeth Warren. This is the tweet: The article includes the following quote from an article posted at The Heartland Institute website on September 19, 2018: A 2015 Harvard &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=37004\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2042,3428,583,5648,2193,2698,2340,6739,8313,11716,9040,11925],"class_list":["post-37004","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-economics","tag-economy","tag-elizabeth-warren","tag-fossil-fuel","tag-fracking","tag-gas-prices","tag-gateway-pundit","tag-jobs","tag-oil-supply","tag-the-gateway-pundit","tag-the-heartland-institute","tag-tweet"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/37004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37004"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/37004\/revisions"}],"predecessor-version":[{"id":37006,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/37004\/revisions\/37006"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}