Study finds climate bill could cost jobs

The Washington Times reports:

Despite President Obama's prediction that it will create new jobs, the global warming bill passed by the House of Representatives will mean fewer jobs by 2030 than if Congress did not act at all, according to the first comprehensive study of the measure by the federal government.

The Energy Information Administration report, requested by the two Democrats who wrote the House bill, says the short-term economic consequences are small, but "after 2025, the rapid increase in energy prices causes the economy to contract" as more rigid requirements kick in.

Imagine that.