Sacrifices on the Altar of Obama’s Vanity

Jonathan S. Tobin  "By ordering the Environmental Protection Agency to enact sweeping new regulations that will transform the U.S. economy by essentially putting hundreds of coal-fired power plants on the road to extinction, President Obama is finally making good on his famous campaign promise that his election would signal “the moment when the rise of the oceans began to slow and the planet began to heal.” The goal of the new regulations that bypass Congress is to reduce power plant carbon emissions by 30 percent by the year 2030. But in order to do that, hundreds of the more than 600 coal-burning plants will have to close. Though it is impossible to say with any certainty how much damage this will do to the U.S. economy, what Obama is doing with a stroke of a pen will turn the energy industry upside down, send energy prices skyrocketing, and likely send those regions of the country that are dependent on either the coal industry or the plants that use the stuff into crisis." More...