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:
TRUMP WILL FIX IT
Vote Trump
No its not.
When Trump gets in office they will return.
Hope all those unemployed coal industry workers remember this and votes for Trump in election.
Wyoming will put Trump in there !! Crossing my fingers
Hopefully Trump will help save the industry when he gets to be president!!!
Just remember when the hag comes looking for your vote. She will give more of the same!
So unbelievably awful for everyone that needs coal & those that do a job to feed their families & also a job that most people wouldn’t do…it’s very dangerous, Obama as well as the other empty-headed-people that believe no problems they made is all their faults!!! Disgusting!!! SHAME!!!
Obama has been very successful Destroying our nation before our eyes.