It was all a part of the plan from the beginning. Obama even admitted as much back in 2008 when he promised that energy costs were going to necessarily skyrocket. Here’s what he said:
“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. 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. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, uh, retrofit their operations. That will cost money. They will pass that money on to consumers.”
As a result, jobs were going to be lost because of increasing regulations that would cripple certain sectors of the energy industry, including coal. Ever since Obama took office, he’s stayed true to his promise of bankrupting the coal industry. Tens of thousands of coal jobs have been lost. But it was all for a good cause: to hand the monopolistic reins over to the “green” industry to save the planet from global warming.
Bankrupting an industry has obvious political repercussions. Now, Obama wants to offer these now-unemployed coal workers some money:
The Obama administration is offering coal country $14.5 million in federal funding for programs to retrain out of work coal miners and for economic development after imposing regulations to shrink the coal industry.
It’s been called a “grim solace” to coal workers who lost their jobs by the thousands in the past few years due to increased competition from natural gas and federal regulations aimed at decreasing coal use for electricity.
Thousands of coal plant and mine workers were let go under President Barack Obama. Now, critics are hammering the president for throwing money at coal miners his regulations put out of work.
“After years of working to fulfill his campaign promise to bankrupt the coal industry, the president has the audacity to claim he is ‘revitalizing’ these communities,” said Tom Pyle, president of the free-market American Energy Alliance.
Now, Obama’s supposed to get credit for trying to help the unemployed. He’s trying to stimulate the economy. He’s “creating jobs.” Typical of politicians, he’s got a solution to a problem that he helped create.