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Business Politics

Obama Delivers On Vow To “Bankrupt” Coal Industry – Chart Of Mining Job Losses Is Staggering

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Turns out politicians do occasionally keep their promises.  For example, in 2008 Obama vowed to “bankrupt” the coal industry by imposing massive fines on greenhouse gas emissions. Obama made the following comment to the San Francisco Chronicle in 2008:

So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them, because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,” – READ MORE

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