The EPA will shut down an estimated 20% of the nation’s coal plants through the ground-level ozone rule (the Cross-State Air Pollution Rule (CSAPR) ) through cap and trade that is about to be implemented in January 2012. Opponents of the Obama administration’s “over-reaching” EPA say these are costly regulations. Financial analysts estimate that the cost of this rule will be $130 billion by 2015. But if that figure is correct, that’s good news for the US economy....Because there is another way of looking at that $130 billion “expense”. One industry’s expense is another industry’s sales bonanza. For the coal industry’s balance sheet, it is an expense, but think about who is going to perform this $130 billion cleanup – fairies? Hardly. This is a job for real American industries...
Consider the raw idiocy behind this line of "reasoning":
• America's coal industry employs 126,000 workers directly and another 455,000 workers whose jobs are indirectly dependent upon the coal industry.
• Closing 20% of America's coal factories will result in the immediate layoffs of about 116,000 workers, many of them union members in the mining, electrical, transportation and service industries.
• Blackouts and brownouts will become commonplace: there is no way to shutter roughly 10% of America's electric generation capacity without causing shortages and rationing.
• And simple supply-and-demand will cause skyrocketing prices for electricity, which will be paid for directly by retail customers (you and I) as well as businesses, which will also pass those costs on to consumers like -- yes -- you and I.
The executive summary for you hard-working, dues-paying members of the AFL-CIO, the International Brotherhood of Electrical Workers, the Teamsters and the United Mine Workers: the Democrat Party is now aligned with the hard-left Eco-Marxist movement and it is using your money to destroy your jobs.
Remember in 2012.
Attention AFL-CIO, IBEW, Teamsters and UMW Members: Your Christmas Gift From the White House is: 116,000 Layoffs
