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Obama on Track to Bankrupt the Coal Industry and This Country
Townhall ^ | 7-1-13 | Morgan Brittany

Posted on 07/02/2013 5:01:30 PM PDT by ReformationFan

Remember back in 2008 when Barak Obama said this? “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them. Under my plan, electricity rates would necessarily skyrocket.” Well, well. It took almost five years and his re-election, but now it looks as though Obama’s prophecy is coming true.

Circumventing Congress and ignoring the will of the American people, Obama is forging ahead with his promises to thwart “climate change” through Executive Orders.

Why, one would ask, would he do this in the midst of an anemic economic recovery that could go on life-support at any moment? Is he completely tone-deaf as to what this country and the American people want and need at this time? Or is he seeing some positive signs that maybe, perhaps, things might be turning around and he needs to put the brakes on that? It sounds crazy, but why would anyone make “climate change” a priority right now?

The decisions that are coming out of the White House since his re-election are mind-boggling. Nowhere are there calls to “create jobs” or ease the tax burden on the American people. In fact it is just the opposite. We are looking at massive chaos with Obamacare, causing more people to be laid off or scaled back from their jobs; we have a frantic push to pass a gargantuan immigration bill that will legalize millions of illegal immigrants ultimately taking jobs away from citizens. (Employers don’t have to worry about Obamacare if they hire people on the path to “citizenship”), and finally we are going to come face to face with coal plants shutting down, skyrocketing energy costs, and billions of our tax dollars going to alternative energy companies like Solyndra.

(Excerpt) Read more at finance.townhall.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: brittany; coal; cupito; morganbrittany; obama; obamacoal; suzannecupito
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To: 1rudeboy

Will China tariff the coal imported form N.A.? That’s where it will end up.


21 posted on 07/02/2013 6:20:04 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
That's not the question. The question is, how badly should we tax ourselves for something we regulated out of existence?

If it moves, tax it.
If it keeps moving, regulate it.
And if it stops moving, subsidize it.
--Ronald Reagan

Don't forget, we're talking about jahbs.
22 posted on 07/02/2013 6:26:18 PM PDT by 1rudeboy
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To: 1rudeboy

Making coal fired plants illegal is not a tax. I am not sure what to call that.


23 posted on 07/02/2013 6:34:13 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

You don’t understand! Bring jobs back to America now! The problem will be solved (apparently).


24 posted on 07/02/2013 6:38:25 PM PDT by 1rudeboy
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To: 1rudeboy

Um, maybe we should discuss this when you’ve not been drinking.


25 posted on 07/02/2013 6:40:04 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

I’ll use that, the next time your buddy posts.


26 posted on 07/02/2013 6:41:55 PM PDT by 1rudeboy
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To: 1010RD

“Coal will hand on. It’s too valuable and energy packed a resource to dispose of. Under a GOP administration this EPA garbage can be undone. Just let pro-coal groups sue the EPA and don’t defend the case very well. Those losses pile up pretty fast and next thing you know...”

Unfortunately, I have to disagree; the damage has been done. These companies commit serious money into these mines, and how can they do any long-range planning when the end of their business is no more than one election away?

I would strongly advise Dems seeing the sights this summer in their Priuses to remove their Obama 2012 bumper stickers before driving through KY or WV. The idiots around here know better than to go further east than Berea.

On the other hand - leave ‘em on!


27 posted on 07/02/2013 7:34:33 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: DustyMoment

BTTT!


28 posted on 07/02/2013 9:14:56 PM PDT by Pagey (HELL is The 2nd Term of a POTUS who uses the terms “social justice” and “fair distribution".)
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To: 1010RD

Essentially. By then though foreign groups will be calling the shots and making most of the profit.

Obama is dedicated to ensuring Americans do not profit off of America.


29 posted on 07/02/2013 9:20:03 PM PDT by Bogey78O (We had a good run. Coulda been great still.)
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To: central_va; 1rudeboy
Will China tariff the coal imported form N.A.? That’s where it will end up.

Coal is pretty much all used for electricity so it ends up being the biggest residential energy source.   My take is the coal will just sit there as this is just another step in America's self-destruction.

30 posted on 07/03/2013 5:22:11 AM PDT by expat_panama
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