House Speaker Nancy Pelosi said the cap-and-trade bill was about “jobs, jobs, jobs, jobs.” But liberal economist Paul Krugman tells National Public Radio a different story (thanks to OpenMarket):
There will be more wind farms built. There will be people retrofitting power plants to reduce their emissions. There will be people weatherproofing housing and commercial buildings.”
What economists would say is that employment would be just about the same as it would have been otherwise, but it will be a different mix of jobs.