Obama's Next Attack On The Economy

Discussion in 'Politics & Religion' started by pspr, Aug 20, 2011.

  1. pspr

    pspr

    A wave of power plant shutdowns and higher energy costs.

    Over the next 18 months, the Environmental Protection Agency will finalize a flurry of new rules to curb pollution from coal-fired power plants. Mercury, smog, ozone, greenhouse gases, water intake, coal ash—it’s all getting regulated. And, not surprisingly, some lawmakers are grumbling.

    Industry groups such the Edison Electric Institute, which represents investor-owned utilities, and the American Legislative Exchange Council have dubbed the coming rules “EPA’s Regulatory Train Wreck.” The regulations, they say, will cost utilities up to $129 billion and force them to retire one-fifth of coal capacity. Given that coal provides 45 percent of the country’s power, that means higher electric bills, more blackouts and fewer jobs. The doomsday scenario has alarmed Republicans in the House, who have been scrambling to block the measures.


    http://www.washingtonpost.com/blogs...ant-shutdowns/2011/08/19/gIQAzkZ0PJ_blog.html

    Two state utilities said this week new federal pollution rules will lead to higher electricity costs come January.

    Wisconsin Public Service Corp. of Green Bay said its residential customers can expect an increase of more than $4 a month next year, including about $2 linked to the new rules designed to limit air pollution from coal-fired power plants.

    The utility said it would see higher costs of about $32.6 million in 2012 from the Cross-State Air Pollution Rule that was finalized recently by the U.S. Environmental Protection Agency. That will result in rates going up by 6.8% instead of 3.4%, the utility said.


    http://www.jsonline.com/business/128109718.html
     
  2. Good. The more he attacks and suppresses the economy the further to the right voters will turn.
     
  3. 377OHMS

    377OHMS

  4. This is hugely important. It's the kind of stealth job destruction he has specialized in. The EPA wants to ban coal, but has to do it in stages by making it too expensive. Then you just know some liberals will angrily denounce utilities for gouging consumers.

    China doesn't have a problem using coal to generate cheap energy. Neither does India or Japan.

    And please, save the idiotic global warming rants for someone who care. Liberals apparently are unaware that we share the same atmospherw with China, India, Brazil, Russia, etc all of whom are happy for us to destroy our economy but have no intentions of doing the same.
     
  5. Ricter

    Ricter

    China is making coal energy more expensive, too.
     
  6. pspr

    pspr

  7. Since when are libtards interested in facts or the truth?
     
  8. Lucrum

    Lucrum

    Exactly
     
  9. Stress is the fuel of creativity. Stress in society is fuel for better options. We either stick with coal at the detriment of our planet or we find cleaner ways at the temporary detriment of our already shitty economy. This is only bad if you're going to die in the next 10 years, in which case you should retire and move to a tropical island.
     
    #10     Aug 22, 2011