from Irish Central – Ed Farnan –
The new EPA rulings will finally bring to fruition President Obama’s promise that his policies will bankrupt the coal industry.
Four years ago, then-candidate Barack Obama explained his anti-coal energy policy in an editorial board meeting with the San Francisco Chronicle: “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad.” “So if somebody wants to build a coal plant, they can – it’s just that it will bankrupt them.”
But the 2010 elections saw a landslide defeat of those politicians in the house and senate who supported skyrocketing our utility rates through cap and trade and it put an end to President Obama’s aspirations in a new energy tax.
But that didn’t put an end to the legitimate means of killing the coal industry, and the day after the landslide defeats of the 2010 elections President Obama said “Cap-and-trade was just one way of skinning the cat; it was not the only way. It was a means, not an end. I’m going to be looking for other means to address this problem.”
After that the EPA began to enact regulation by bureaucratic fiat rather than the legislative process.
Even staunch supporters in the labor unions are beginning to wake up to the fact that they are being regulated out of a job if the Obama administration has its way. The Keystone Pipeline rejection already has hit the labor unions hard by halting the creation of 20K plus jobs in the construction industry.
Ed Farnan is a syndicated columnist appearing in many publications such as The Wall Street Journal, New York Post, New York Daily News and USA Today. He is a frequent contributor to Irish Central. Ed can be reached at [email protected]