Obama Keeping His Promise To Bankrupt The Coal Industry
Obama infamously told the San Francisco Chronicle that his cap and trade policies would bankrupt the coal industry. Which, by the way, provides the cheapest form of electricity we have available to us and provides 51% of the power for our national power grid. What’s the worst that could possibly happen, right?
Now Obama is not only continuing to pursue cap and trade, despite the devastating impact it would have on the economy by way of the energy industry, but he’s also got the EPA pulling permits for coal plants that were already being built.
ALBUQUERQUE — In a dramatic move yesterday, the U.S. Environmental Protection Agency (EPA) withdrew the air quality permit it issued last summer for the Desert Rock coal-fired power plant, which is slated to be built on the Navajo Nation in the Four Corners region just southwest of Farmington, New Mexico.
The action drew praise from critics of the plant and blistering commentary from its proponents.
Obama says he wants to stimulate our economy and encourage growth in jobs and prosperity. Yet the policies he implements do the exact opposite.
The midst of a recession is not the time to choke off our cheapest source of power. If there is ever really a good time for that.
