President Obama and his left-wing allies’ war on American industry has claimed yet another victim: coal giant Peabody Energy.
The largest supplier of coal in the United States, Peabody has gone belly up in a move that comes as a shock to many. However, given the circumstances under which the company filed for bankruptcy, it should surprise no one.
Although Peabody’s management is undeniably responsible for their business’ demise, it’s pronounced fall and decline did not occur in a vacuum. On the contrary, it was the inevitable result of a year-long assault on the coal industry by the left.
Promising way back in 2008 to “break” coal companies, Obama rode climate change hysteria into the White House, where he coordinated with congressional Democrats and cabinet agencies like the Environmental Protection Agency to undermine corporations like Peabody.
By implementing overly-burdensome regulations like the Mercury Air Transport Standard, the administration was able to subdue Peabody into bankruptcy.
Read more about Peabody’s bankruptcy on the next page:
More people out of work because of Dumbama’s idiot ideas. Unemployment is NOT going down, not with this type of action. This man must be stopped. He now has a martial law bill ready to be signed so he can just become dictator. Why? Why is our government allowing this idiot to destroy our country and putting the people in danger. Get rid of him before he takes down our whole government and makes us muslim.
And with that, the loss of thousands of jobs
People wake up ! The house of representatives and the senate both republican and democrate allow this to happen. Obamanure can only get away with this because the 2 houses are chicken$#%&!@* ! Blame those who let this happen . YOU KEEP VOTING THEM INTO OFFICE !!!!!!!!!!!!!!!!!!!!
Really? Obama is gone guys. All the excuses are gone too. Both Houses of Congress are now Republican(since November 2014), Supreme Court Republican control for last 8 years, next President Republican guaranteeing a super majority (7 out of 9 Supreme Court Justices, first time in history). No more liberals to blame. How are they going to explain to the American People why Roe vs Wade is not reversed, IRS is not closed, no passage of “flat” tax, & no repeal of Obama Care etc. It will be entertaining. The dog just caught the car.