Democrats Energy Policies Continue their Assault on Wealth and Jobs

From Powerlineblog:

The Obama administration's energy policies have been a disaster, assuming that American decline is not your objective. We have written many times about the administration's efforts to suppress development of our oil resources, but coal is equally important. The United States is blessed with extraordinary deposits of coal, but Obama is determined to prevent us from using it to generate cheap and plentiful electricity. Obama wasn't kidding when he said, as a candidate, that his policies would cause electricity prices to "skyrocket."

U.S. News reports that Obama's EPA is promulgating regulations that will cause hundreds of thousands of Americans to lose their jobs:

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. ...

Referring to the analysis of the EPA regulations from National Economic Research Associates, Miller said they would be the most expensive rules ever imposed on power plants.

That was yesterday. Today, American Electric Power announced that it will close down five coal-fired power plants and spend billions to comply with the EPA's proposed regulations:

Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations. ...

The company, one of the country's largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.

The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.

In total, AEP estimated it will have to close five coal-fired power plants by the end of 2014. Six additional plants would see major changes, including retiring some generating units, retrofitting equipment and switching to natural gas.

Of course, the administration is trying to block development of natural gas, too. Of all of the Obama administration's perverse economic policies, its anti-energy agenda is most likely to make Obama a one-term president.

Our economy is struggling for a reason- Democrats and their policies are crushing human liberty and freedom, attacking wealth and wealth creation, freezing in social and economic structures, limiting mobility and change, and disincentivizing economic growth. Their policies are quite clear- these energy policies are a great example of how Democrats are increasing 'safety' or 'environmental' regulations that will drive US companies under, kill jobs, and drive business to other nations which have lower standards (thereby causing more harm to people or the environment), resulting in a net loss for society and America. Similar policies are found in healthcare, defense, education, etc. Although Republicans are not perfect- in fact, they are far from it because they are not conservative or libertarian enough- they are usually the better alternative to Democrats in the 2012 election, in Congress, for President, and at state levels.

UPDATE: My buddy conservativesonfire asked "Where is the outrage, CT. Dose nobody pay attention to what is happening and what it will mean?"

The Cloward–Piven strategy and Saul Alinksy Rules for Radicals both teach that change should not come slowly to America and should not come in measured amounts that are brought before the light- rather, Obama and the Democrats believe that change should be rapid, hidden, and such an overwhelming onslaught of liberal policies that one blends into another in a sort of rapid-fire radical agenda that shocks and awes all opposition and collapses resistance to its agenda. Obama typically drops the worst policies on Friday, when the media doesn't cover them, and by Monday, there is yet another crisis or bad policy or scandal to distract America from the radical agenda of Obama and his Democratic allies.