Obama is trying bribe his green voters in WA and Oregon, whom he betrayed by pushing the sub-bituminous coal terminals in WA and Oregon. The Green voters are irate because Obama is putting so much political pressure on all the Democrat candidates that the Greens are being forced to vote against their own best interests. The coal terminals will turn the beautiful northwest coast line into an industrial wasteland.
These same Greens are also very anti-oil and gas, especially in Alaska. Alaska is, after all, part of the Pacific Northwest.
“The coal terminals will turn the beautiful northwest coast line into an industrial wasteland.”
How would they do that?
No, that's only for appearances. Zero is paying off Treasury bond-holders with green dollars in lieu of inflation. The "weightier" of these folks just so happen to be owners of the oil companies, dollars they then funnel to green activists through their tax-exempt "charitable" foundations. High prices create profits that do not require risky investments.
Else, please explain why anybody would be buying our debt.