by Jeff Dunetz | Mar 28, 2017 | Climate, Economy
Sometime on Tuesday, President Trump will sign an executive order directing the EPA to begin dismantling Barack Obama’s Clean Power Plan. Liberal politicians and the mainstream media (that’s redundant isn’t it?) will call it a blatantly anti-environment move, the truth is the order is another pro-job action by the new president, that will also support America’s minority communities
The Clean Power Plan was the centerpiece of Obama’s Climate Action Plan. It was announced in June 2013, and complies with his more recent pledge to the U.N. that the U.S. will cut its carbon emissions by as much as 28 percent from 2005 levels by 2025.
The plan, which places heavy restrictions on coal-burning power plants, has served to depress the coal industry, but it effects much more than the coal economy.
The plan is a disaster on so many levels, the most important of which is that it will kill jobs from all industries (and the U.S. labor participation rates already at disastrous low levels), the US economy will find it hard recover from these regulations. The EPA rule is looking to replace cheap energy with more expensive alternate energy, it not only raises the cost of energy for the individual households, but will raise the cost of goods for companies marketing their products resulting in higher costs for all products, but especially staple goods. The Obama created rise in the price of energy and resulting rise in the price of consumer goods, will place the heaviest burden on middle and lower economic class families. And that doesn’t take into account that the rule deals another Obama blow against business resulting in more unemployment, higher government costs, and energy price inflation.
