Coal Industry has 83,000 Less Jobs After Obama Pledged to “Bankrupt” It


If one agrees with Obama’s assessment that the coal industry must go “bankrupt” to stop global warming, than his presidency has been a resounding success. But if one instead sympathizes with the hard-working men who have been deprived of their livelihood because of misguided alarmist policies, than the Obama years have been nothing less of a catastrophe, one that is likely to be mitigated should fellow anti-coal crusader Hillary Clinton maneuver her way into the White House:

“A 2015 study found the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term. During Obama’s second term, the industry employment in coal mining has fallen by another 33,300 jobs, 10,900 of which occurred in the last year alone, according to federal data. Currently, coal mining employs 69,460 Americans, according to the Bureau of Labor Statistics. Much of the blame for the job losses is targeted at federal regulations aimed at preventing global warming, which caused coal power plants to go bankrupt, resulting in a sharp decline in the price of coal.”

Source: Daily Caller



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