Democrats are uniquely deft at destroying the American economy, but President Joe Biden just might shatter the record for the fastest time to do so.
After taking the oath of office Wednesday, Biden was expected to sign several executive orders meant to undo the work of his predecessor, including orders to roll back protections for the unborn and dismantle border security.
However, it was Biden’s executive order to rescind the permit for TC Energy to build the Keystone XL pipeline that may be the largest hit to the economy, costing as many as 11,000 Americans their jobs, including 8,000 union positions. (Those figures come from an October TC news release estimating the number of jobs that pipeline construction would add to the economy in 2021.)
According to Fox Business, the $9 billion project was more than 10 years in the making and would have spanned over 1,200 miles to send nearly 830,000 barrels of crude oil per day from Alberta, Canada, to Nebraska. [Read More]