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:
Cost of electricity to soar to new heights. Unemployment benefits to these miners Obama just put out of work. Democrats strike again
I like seeing all the idiots criticize China and their awful smog problem, then turn around and say “godamn we’re stupid, we want toxic coal smoke hovering in our country as well”. Hypocrites. Hypocrites all of you. Destroying the coal industry is like the ONLY good thing he’s ever done. And other morons complain about energy prices going up…. What??? Now is the time to stop using these toxic substances. Now is the time to begin a shift towards sustainable energy. Now is the time for hydroelectricity, solar energy and wind turbines. And that will lower costs. I bet these idiots support fracking too don’t ya?
Our MUSLIM KING at WORK
And the result are thousands more unemployed and electricity cost sky high
Let’s use coal I,m against nuclear what about the nuclear waste and the many dangers of the what if this happens scenarios !! Japan ,Russia ,US accidents or narrowly averted accidents!!! Use coal !!
And you want more DUMASSACRATS in office. !!!!!!!!-!
shipping jobs overseas is one BAD thing, but closing large industries down is way beyond the pale of government. it is agenda driven and makes no sense at all. bring the jobs home and build industry. TRUMP FOR PRESIDENT !!!!
OBUMMERTARD AT WORK AGAIN!!!!!
A GLOBAL EMBARRASSMENT!
But keep voting for Democrats…sooner or later you may see the truth, but then it’ll be all over for you…sad.