Joe Biden’s Executive Orders Will Have ‘Huge’ Impact on American Families, Economist Warns
Democrat's energy and environment orders will hit American families hard
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Since taking office, Joe Biden has signed a stack of executive orders to undo much of President Donald Trump's policies and push through the Democrats' wish list of demands.
Shortly after his inauguration, Biden was ushered into the Oval Office where he signed multiple anti-Trump executive orders.
Among those orders were the termination of the Keystone XL Pipeline and the end of President Donald Trump’s border wall construction, costing thousands of American jobs.
According to the US State Department, canceling the Keystone Pipeline costs over 11,000 construction jobs and 42,100 jobs throughout the US during the construction process.
Canceling the Trump border wall will cost another 10,000 jobs.
That’s a total of 52,100 jobs lost in his first 8 hours in the White House.
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However, Nick Loris, an economist with The Heritage Foundation, is now warning about the long-term implications of Biden's anti-Trump push and how it will impact Americans.
Loris spoke with The Daily Caller’s Samantha Renck about Biden’s executive orders on energy and the environment, what impact they might have, and more.
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“The Paris climate accord was kind of doomed from the start” Loris, who published the report “Assessing Themes in the Biden Energy and Environment Platform,” said.
“It would impose huge costs on American families and consumers and businesses in terms of higher energy prices and really be devoid of any meaningful climate benefit.”
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Loris also discussed how rejoining the Paris climate accord could impact fracking in the United States.
“So what’s going to happen next is the administration will set what are known as ‘nationally-determined contributions’ and that’s effectively what the administration is going to do to get to emissions reduction targets as part of their Paris climate pledge,” he said.
“It’s going to be … a whole host of new regulations on the [fracking] industry,” Loris said.
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Loris also discussed Biden’s executive order on revoking the presidential permit for the Keystone XL pipeline, what economic impact it could have, and more.
WATCH:
In late January, after slashing tens of thousands of American jobs in his first few hours of taking office, Biden issued a warning to America that the United States is in a "deepening economic crisis."
