During campaign 2008 Obama promised to put the coal industry out of business: “So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.” At the time there were about 140,000 coal miners in America, the entire industry supported some 1.5 Million jobs. Who knows how many outside jobs are related to it. Soon after his promise China announced the construction of 52 coal power plants over the next year.
Wash Examiner: “More than 50 EPA staff are now crashing to finish greenhouse gas emission standards that would essentially ban all construction of new coal-fired power plants. Never before have so many EPA resources been devoted to a single regulation. The independent and non-partisan Manhattan Institute estimates that the EPA’s greenhouse gas coal regulation will cost the U.S. economy $700 billion.
The rush is a major sign of panic by environmentalists inside the Obama administration. If Obama wins, the EPA would have another four full years to implement their anti-fossil fuel agenda. But if Romney wins, regulators will have a very narrow window to enact a select few costly regulations that would then be very hard for a President Romney to undo.
Environmentalists at the EPA pulled this trick before in 2000 when the Clinton administration rushed out a finding that Mercury emissions from power plants were a growing public health threat pursuant to the Clean Air Act. That finding did not regulate power plants itself, but it did force the Bush administration to begin a lengthy regulatory process. The Obama EPA has estimated that this regulation alone will cost the U.S. economy $10.9 billion a year.”
Ohio, Pennsylvania, W Virginia…, all even out in the late polls but the GOP news people continue to harp about the fact that Romney did not ask the right Benghazi questions.