How Obama Spent His Summer Vacation- Day One: Kill Power Plants, Kill Jobs

John Ransom
several links on this post

Prepare for your electric rates to go up, Chevy Jolt drivers.

Under new interpretations of old rules, the EPA will shortly be forcing the shutdown of about 20 percent of coal-generated electric capacity in the United States. Since coal generates about half the electricity demanded in the US, the country will have to find other, more expensive ways of making up about ten percent of electric capacity at a time that the administration wants electric to be the clean fuel of choice.

Maybe Obama doesn’t understand that he can’t import electricity from Brazil.

In addition to the loss of generating capacity, the Commerce Department estimates that the new rules could kill up to 60,000 jobs, says Heritage, while an industry trade group says that the rules will cost $129 billion, according to the Washington Post.

During the 2008 presidential campaign then-Senators Barack Obama and Joe Biden both claimed that if elected they would institute policies that make it cost prohibitive for coal-fired plants to operate in the United States.

Looks like this is one promise they’ll keep.

“So, if somebody wants to build a coal plant, they can,â€