How Obama Is Destroying The American Coal Industry

doofiegirl BTO-t- BCRA-F ~PWCM~ 2012/08/03 09:27:49
The iconic Patriot Coal Corporation just recently filed for bankruptcy protection. Seeing the headline on a popular financial website was surreal and felt like something from the pages of Atlas Shrugged. Liberal cronies force “Patriot” corporation out of business for the sake of the common good? This isn’t fiction. This is the daily paper. Even though it’s the blood of the economy, and natural resources are one of the main ingredients for any and all sources of economic growth, the Obama administration has been flagrantly fighting it. In 2008, Obama even boasted of a plan to make electricity more expensive.
We Can’t Say We Weren’t Warned
Before he became president, Obama said in an interview that “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket… that will cost money. They will pass that money on to consumers.” That wasn’t a gaffe. That was the plan. Obama’s administration has been waging a fruitless war against economics, and America is the one losing. We’ve lost billions in taxpayer money to his laughable solar-power endeavors. He’s stood in the way of allowing more oil to be drilled while America has enough oil to be the next Middle East. And he’s intentionally and publicly destroying the coal industry.
If you want to see an economic recovery, then freeing up our natural resources is a great first step. Natural gas, oil, coal – these should be seen and embraced, not fought and shackled by bureaucrats who hate a productive and free economy.

Read More: http://www.impeachobamacampaign.com/how-obama-is-d...

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