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If I remember right, when the auto manufacturers were on their deathbed, right wingers said "let 'em go. Don't bail 'em out. They'll get bought out by more solvent ownership."
When I said "what about all those jobs," Repubs said "no big deal...they're getting paid too much anyway."
So use the same principle now with the coal miners.
Quote:
Originally Posted by Loveshiscountry
sigh....It's not the same principle.
Let those companies fail and the profitable parts will be purchased by other companies. That's how it works.
Nothing to do with forcing a business to close because of regulations.
Not a good try even by your low standards.
Remember each side said "our bailouts will work, yours won't". They were both wrong.
Pretty easy for Obama to keep that promise. The wheels were set in motion back in the Bush years. That's when a good bit of the legislation that impacted mining went into place.
Obama is no friend of mining or the West, but neither are most politicians. No new money to be made.
sigh....It's not the same principle.
Let those companies fail and the profitable parts will be purchased by other companies. That's how it works.
Nothing to do with forcing a business to close because of regulations.
Not a good try even by your low standards.
Remember each side said "our bailouts will work, yours won't". They were both wrong.
Blame natural gas, cheap oil and the Bakken Fields for the demise of coal, it's 2016 not 1920. You give Obama too much credit, the world changed and they did not.
It's a good comparison because there is still a need for cars, not so much for coal.
If I remember right, when the auto manufacturers were on their deathbed, right wingers said "let 'em go. Don't bail 'em out. They'll get bought out by more solvent ownership."
When I said "what about all those jobs," Repubs said "no big deal...they're getting paid too much anyway."
So use the same principle now with the coal miners.
The auto industry wasn't suffering in part because of current and potential government regulations.
Blame natural gas, cheap oil and the Bakken Fields for the demise of coal, it's 2016 not 1920. You give Obama too much credit, the world changed and they did not.
It's a good comparison because there is still a need for cars, not so much for coal.
Coals Demise is driven by regulation driveing operating cost up and up. We are projecting continued use for at least 50yrs....
Cheap natural gas had nothing to do with it. Nothing at all.
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