Obama is finally keeping a promise that he made on the campign trail in 2008. The Obama EPA is causing electricity rates to skyrocket with new regulations on the coal industry.
Here is what he said:
For those of you who voted for him expecting free gas and that he would pay your mortgage with all that "Obama money", here is your hope and change..
Coal Regs Would Kill Jobs, Boost Energy Bills
By Paul Bedard
Posted: June 8, 2011
Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.
Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.
READ MORE HERE---> http://www.usnews.com/news/blogs/washington-whispers/2011/06/08/coal-regs-would-kill-jobs-boost-energy-bills
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