Tuesday, September 6, 2016

Democratic Crony Soros Profits Off of Bankrupted Coal Industry

Obama has made plenty of promises to the American people none of which came to fruition except for one:  Coal mines would go out of business.  Here is an excerpt from the Daily Caller.

A 2015 study found the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term. During Obama’s second term, the industry employment in coal mining has fallen by another 33,300 jobs, 10,900 of which occurred in the last year alone, according to federal data. Currently, coal mining employs 69,460 Americans, according to the Bureau of Labor Statistics. Much of the blame for the job losses is targeted at federal regulations aimed at preventing global warming, which caused coal power plants to go bankrupt, resulting in a sharp decline in the price of coal.

George Soros, a Democratic Party crony, knows a good deal when he sees it.  Since Obama’s EPA regulations bankrupted the coal industry, companies stocks are worth pennies on the dollar.  Now the former Nazi collaborator owns billions of tons of proven reserves.  This is government sponsored theft and had we an honest media it would be reported as such.

This global warming fraud has produced many casualties: a proven energy source, a shrinking middle-class, and respect for the media, the federal government and the sciences.  But I do hope that the biggest casualty of all will be the Democratic Party and all the grafters that infest it.


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