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Old 11-13-2012, 07:44 AM
Location: Georgia, on the Florida line, right above Tallahassee
10,473 posts, read 13,435,407 times
Reputation: 6345


Utah company blames Pres. Obama for 102 workers laid off | ksl.com

The layoffs are necessary because of the president's "war on coal," the statement said.
In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down "204 American coal-fired power plants by 2014" and for drastically reducing the market for coal.

"There is nowhere to sell our coal, and when we can, the market prices are far lower," the statement said. "Without markets, there can be no coal mines and no coal jobs."

Compare that with Slate;

Coal CEO prays and fires workers: how the coal industry brought about its own demise but blamed Obama. - Slate Magazine

Which paints a very different picture. It's funny when you hear the rest of the story.

Old 11-13-2012, 07:51 AM
10,115 posts, read 6,741,665 times
Reputation: 3408
Another great example of "living in the bubble" with no sense of reality.
Old 11-13-2012, 07:54 AM
Location: Greensboro, NC USA
3,996 posts, read 3,851,660 times
Reputation: 1286
Looks like there are some CEOs who want to do their part in making it look like Obama is a failure even if it means destroying the lives of hard working Americans.
Old 11-13-2012, 07:57 AM
Location: #
9,605 posts, read 14,298,081 times
Reputation: 6260
The Republicans are starting to look pathetic in their attempts to reach for straws.

The funniest to me is how all these right-leaning websites and news organizations are claiming that Obamacare is causing all these restaurants to cause hours and cut health insurance.

I'm sorry, but it doesn't take an MBA from Kellog to know that the restaurant industry is already like this. Few get insurance, and most are part-timers.
Old 11-13-2012, 08:12 AM
10,033 posts, read 5,766,711 times
Reputation: 6889
Interesting articles. Thanks.

Indeed, I have been reading similar articles over the past few weeks about the coal industries situation. It seems to me that, even if Mr. Romney had won, these coal owners would have fired these people anyway. Demand for coal is down, the 'easy' coal has already been dug up, and natural gas prices are way down.

I will note that I own several natural gas royalties. I had, prior to 2009 or so, been receiving around $700 per month total (up to $1000 when the prices went high for a bit). Now, I guess it averages around $100 per month.

I have yet to decide whom to blame. I believe I am circling in on that guy who invented fracking. If not for such innovation, then natural gas would remain at a higher level. Now, the country is awash in cheap, clean natural gas. Such is life.
Old 11-13-2012, 08:16 AM
Location: DC
6,235 posts, read 6,093,284 times
Reputation: 2861
There are a lot of tobacco workers who had to find new employment too. It's for the greater good.
Old 11-13-2012, 08:20 AM
3,326 posts, read 4,804,461 times
Reputation: 1365
The Union of Concerned Scientists, based in Cambridge, Massachusetts, said in its report that coal has become uneconomic at many power plants because of cheap natural gas prices and the cost of installing modern pollution controls on decades-old plants. Already, power producers have announced the closing of 288 generating units, representing 41 gigawatts of capacity, it said.
Depending on the price of natural gas and decisions by regulators, lawmakers and federal officials, the number of closed units could more than double, the group said. The announced and anticipated plant closings produced just 10 percent of all the nation’s electricity in 2009, it said. More plants would be shuttered if Congress enacts a tax on carbon, or natural gas stays cheap, the group said.
By ramping up the usage of natural-gas plants, the power supply “would be adequate in every region of the country,” the report said.
Old 11-13-2012, 09:36 AM
25,631 posts, read 29,187,093 times
Reputation: 23050
How exactly is the first link a Fox news article?
Old 11-13-2012, 09:59 AM
24,063 posts, read 17,654,963 times
Reputation: 12878
Originally Posted by Bulldogdad View Post
How exactly is the first link a Fox news article?
just what i was wondering.
Old 11-13-2012, 10:51 AM
47,314 posts, read 24,700,492 times
Reputation: 14471
Yea, i've read similar articles that basically expose the coal industry for what they are. Anyone thinking that Obama had anything to do with this is out of his gourd. They would've laid these folks off anyway.

We're now seeing corporate titans basically telling their workers who to vote for under the threat of layoffs. Amazing how they get away with it.
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