LanderPoke said:
Fiscally and economically how could anyone on the planet have done a worse job than O'bama? And if Trump helps the coal industry?
Obama inherited the worst economical situation since the Great Depression, got unemployment down from over 8% to under 5%, took a negative GDP and turned it positive. Wages started finally climbing last year after a long stand-still. While things aren't perfect, I don't get how things couldn't have been worse... we could have kept sliding straight into that depression we were headed toward. Hell, even the budget deficit is about at the same level as it was prior to him taking office. Sure, half a Trillion a year is a lot of money, but it's manageable, at least.
The old "plan" of lowering taxes to "create jobs" is once again not going to work long-term, and will turn the U.S. into Kansas. In fact, Kansas is the PERFECT example of how lowering taxes to encourage growth works. "Oh, did everybody pocket the tax cuts? Oops. Oh, did our schools run out of money? Oops. Oh, did the state's credit rating get dropped again? Oops. Oh, did we move from top 10 in job growth to bottom 2? Oops."
Did the coal and oil industries hurt? Yes. Are they sustainable anyway? Hell no. Is coal regulated too hard? Well, go down to Colorado Springs and inhale the wonderful air coming out of the Martin Drake plant. Coincidence that the city has a high prevalence of asthma among its children? On the positive side of things - because of how common it is there, they also have some of the best treatment in the nation for it.
China just shut down the building of 103 coal plants they had planned, and also accelerated the closing of a bunch of old plants. India's been on the same path... those nations are the top two importers of coal in the world. What that will do to coal prices, I'm sure you can imagine. Wyoming's Powder River Basin coal is thankfully some of the best and cheapest there is, so I have a feeling it's going to be the one surviving the longest, but do you really want to be the last horse transport in a world of trucks, trains, and airplanes?
Ultimately, it's still Natural Gas and an rapid decrease in global demand that's killing coal, not regulation or renewables, though renewables are getting there too.
I think Trump is a bloody disaster, and I believe a lot of the GOP feel the same (even if it's just a select few who are outspoken - Kasich, Graham, McCain). I wouldn't at all be surprised if they were just biding their time to get rid of him so we can have a President Pence. At least he's sane and competent.
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