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| Economy |
| Here's One Promise President Obama Has Kept |
| 2016-09-06 |
| [PJ] During the 2008 campaign, Barack Obama promised to "bankrupt" the coal industry. Since April of 2105, six major U.S. coal companies have filed for Chapter 11 bankruptcy with the subsequent loss of more than 80,000 jobs. The Daily Caller reports that 400 coal mines have been shuttered: This Labor Day, America has 83,000 fewer coal jobs and 400 coal mines than it did when Barack Obama was elected in 2008, showing that the president has followed through on his pledge to "bankrupt" the coal industry. A 2015 study found the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term. During Obama’s second term, the industry employment in coal mining has fallen by another 33,300 jobs, 10,900 of which occurred in the last year alone, according to federal data. Currently, coal mining employs 69,460 Americans, according to the Bureau of Labor Statistics. Much of the blame for the job losses is targeted at federal regulations aimed at preventing global warming, which caused coal power plants to go bankrupt, resulting in a sharp decline in the price of coal. |
| Posted by:Besoeker |
| #2 You pick an "optimal temp" - any time it varies up or down, it's man-made global warming. Now pay up |
| Posted by: Frank G 2016-09-06 08:45 |
| #1 And the mild winters resulted in low demand. I forget, are climate-change winters supposed to be colder or warmer? Or both/either, depending? |
| Posted by: Bobby 2016-09-06 07:59 |