President Obama launched a ‘war on coal’ in his climate change action plan last week. In 2008, Obama warned that his policies would bankrupt anyone who started a coal power plant, and today this controversial policy will begin to impact America’s middle class.
Now keep in mind, coal is responsible for more than 760,000 American jobs, yet the Obama administration thinks a “war on coal is exactly what’s needed.” This action plan will close 288 coal plants across 32 states, a huge roadblock for repairing the American economy. Families across the US pay 11% less for electricity in states where more than half comes from coal. Great timing as we just have learned from Bankrate.com that 75% of Americans are living paycheck-to-paycheck.