In January 2008, then-presidential candidate Obama said coal-fired power plants would go “bankrupt” and “electricity rates would necessarily skyrocket” under his plan to tax greenhouse gas emissions through a cap-and-trade system.After Congress rejected that policy, President Obama defiantly announced there were other ways of “skinning the cat.” His administration bypassed Congress and the will of the American people by drafting environmental regulations that effectively ban the use of coal as an energy source. Abandoning this affordable American energy solution has increased the cost of everyday living.
Source: Obama’s War on Coal.
A huge part of the problem is that regulatory agencies are doing what they want without oversight by Congress...they’re too busy giving our money away so they can be re-elected.