Obama’s Policies Have Prevented the US Economy from Rebounding
“Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations. The company’s dramatic plan to comply with the regulations could give Republicans and moderate Democrats ammunition in their ongoing fight against EPA’s efforts,” that’s Obama’s efforts, “to impose new regulations aimed at limiting greenhouse gas emissions…” So Obama, to the San Francisco Chronicle Editorial Board, promises to put the coal business out of business by making it impossible to do business.
“Yeah, I’m not going to stop you from starting up a coal fired plant but you’ll go bankrupt doing it.” That’s 2008. Three years later his EPA has instituted regulations that make that real. So here comes the first coal energy company shutting down five coal plants. How many jobs are involved here? The story doesn’t say. Just shutting down, folks. Six hundred? Six hundred people will lose their jobs just because this giant, American Electric Power, is going to have to shut down five coal fired power plants — and even beyond that, spend billions of dollars to comply with the new regs. Now does somebody want to argue with me about this not being intentful, purposeful?