Obama's Third-World Dream for the United States

Barack Obama postulated the premise that without the intrusion of government bureaucracies, entrepreneurs wouldn’t be successful. Where would a business be without federally funded bridges and roads? Where would they be without the visible hand of Uncle Sam?

How un-American are these one-percenters anway? How dare these upstarts believe they’re responsible for their own success? Dedication and hard work phooey! You wouldn’t be anywhere without the help of a bureaucrat!



Of course, we all need a form of government to ensure the rule of law and sanctity of contracts. But should this entity become all-powerful? All we have to do is look to the rest of the world for an example.

CNBC rated the worst countries to do business in. The most egregious factor for foreign and domestic investment is government corruption and bureaucracies. But there is also a correlating factor that stood out, and that is access to electricity. Without power, how can a business thrive? The answer is: it can’t.

Now, let’s take a look at what the Obama administration is doing. Here is an excerpt from the Institue for Energy Research:

More than 34 gigawatts (GW) of electrical generating capacity are now set to retire because of the Environmental Protection Agency’s (EPA) Mercury and Air Toxics Rule (colloquially called Utility MACT)[1] and the Cross State Air Pollution Rule (CSAPR)[2] regulations. Most of these retirements will come from coal-fired power plants, shuttering over 10 percent of the U.S.’s coal-fired generating capacity.

This report is an update of a report we issued in October 2011.[3] Last October the original report, we calculated that 28.3 GW of generating capacity would close as a result of EPA’s regulations. At the time, we warned that “this number will grow as plant operators continue to release their EPA compliance plans.” Unfortunately, this statement has proven to be true. This update, a mere eight months later, shows that 34.7 GW of electrical generating capacity will close—a 6.4 GW increase.

According to EPA, their modeling of Utility MACT and CSAPR indicates that these regulations will only shutter 9.5 GW of electricity generation capacity. But events in the real world already show that EPA’s modeling is a gross underestimate.


What Barack Obama and the Democrats are doing to this country is unforgivable. I for one do not want the United States to become a third-world country. And we will if we continue on this path.


Source:
http://www.cnbc.com/id/45128939/The_World_s_10_Worst_Countries_for_Business?slide=11

http://www.instituteforenergyresearch.org/epa-powerplant-closures