Coming out of steep recessions, the Obama and Reagan recoveries are strikingly different in their methods — and results. Over two years out from the end of recession, Reagan’s recovery was more than three times stronger — 7 percent growth — than that of Obama. Reasons? Exhibit A is regulation, with Reagan accelerating down the deregulation path charted by Jimmy Carter.
Meanwhile, Obama has put the regulatory boot on the necks of business. Thus, while the economy continues to list at 2 percent growth and 9 percent unemployment, the EPA is running roughshod over business’s lifeblood, the energy sector.
“EPA rules threaten 2 plants in Michigan,” read a Detroit News headline this week.
“More than 32 mostly coal-fired power plants in a dozen states will be forced to shut down, and an additional 36 might have to close because of new federal air pollution regulations,” reports AP. “The fallout will be most acute for the towns where power plant smokestacks long have cast a shadow. Tax revenues and jobs will be lost, and investments in new power plants and pollution controls probably will raise electric bills.”
Merry Christmas. How’s that for a little coal in your stocking?
Actually, coal is the target of EPA’s offensive. AP adopts EPA propaganda in describing the plants as the “oldest and dirtiest in the country.” Nonsense. Today’s coal plants are extremely efficient. They are “dirty” only in that they produce “pollution” called carbon dioxide, the inert gas feared by climate hysterics.
That phantom fear will shutter two plants in Michigan, hammering local economies where residents have more plausible fears like home foreclosure and joblessness in a state with a still-above-the-national-average unemployment rate of 10 percent.
Stimulus, Obama-style.
Just wondering what will take over to generate the electricity for the customers of those 36 power plants? Has ANYTHING been built, or even proposed that meets the megawatt needs? This could leave millions of Americans worse off than the poorest of the 1930's Dust Bowler or rural Appalachian.
Reply to this commentLinkReport Abuse"Oldest and dirtiest" is accurate, not propaganda. While today's plants might be better, the plants affected by the new EPA regs are ones that never had to comply with the clean air act due to grandfathering. They emit vastly more Mercury, SO2 & NOx per MW than newer plants do.
Over time the economic benefits from a healthier community will greatly outweigh the short term impact from any closures.
Reply to this commentLinkReport AbuseI have been unable (or too lazy or too busy) to find the actual mercury limit in the new reg, either as a concentration in air, or as mass released per unit time. It is largely irrelevant in any case; EPA's failure to distinguish between elemental Hg and its organic compounds is junk science.
I do know from personal experience (I am Village Administrator for a small town in Ohio) that the newest Hg regs on NPDES permits for treated wastewater are less than the detectable limit!!!
Every wastewater treatment plant in the country is getting a variance, but just think about the idiocy involved in setting a limit that is lower than today's sophisticated and incredibly sensitive lab technology can reliably detect.
If the new air quality rules are similar in nature, we are in deep doo-doo.
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