Happy Bday Clean Power Plan, Thanks for the Job Losses and Billions in Costs!
Today marks exactly one year since the Environmental Protection Agency (EPA) and Obama Administration formally unveiled their coveted Clean Power Plan (CPP). While EPA bureaucrats and the Obama Administration tout the so-called “benefits” of the CPP, the truth is the rule has already begun destroying the livelihoods of thousands of hard-working Americans even before enactment. With the rule turning one today, it is only fitting to reflect on the CPP’s journey to this point since it was first proposed.
In February of this year, the CPP suffered a major blow when the U.S. Supreme Court (SCOTUS) issued a stay of the rule, meaning that the Obama Administration and EPA may not continue with enactment until all legal challenges have played out.
The SCOTUS ruling reinforced what CPP opponents have been arguing since the rule was proposed: that the CPP exemplifies federal overreach; would be disastrous for states and the U.S. economy; and is premised on backwards and illogical legal grounds. Even President Obama’s legal mentor, Harvard Law Professor Lawrence Tribe, has argued that the CPP “is a remarkable example of executive overreach and an administrative agency’s assertion of power beyond its statutory authority.”
Aside from the misleading and unlawful legal gymnastics the Obama Administration had to do just to propose the rule with a straight face, the CPP’s impact on the American economy is already being felt. Despite the fact that the CPP has not yet been enacted, in 2015 alone over 11,000 coal miners lost their jobs and a number of energy companies have filed for bankruptcy. Clearly Obama is comfortable with the state of things as long as his “green legacy” is preserved.
Even Democratic Presidential nominee Hillary Clinton has expressed her support for the CPP and its impact on jobs and the economy. At a Town Hall in Ohio in April Clinton proudly stated that she is the only candidate with a policy to bring renewables “into coal country, because we’re going to put a lot of coal miners and coal companies out of business.” Apparently Clinton is not up to date on the news because such policies are already devastating American workers.
On top of the economic extermination already taking place as a result of the CPP, the projected economic impacts if the rule is actually enacted are even more drastic. The rule is projected to cause a 12 to 17 percent increase in electricity prices. Every state in the continental U.S. will see rate increases, with an estimated 44 states seeing double-digit rate increases, and 17 states facing price increase of over 20 percent.
The CPP is also slated to decrease household spending power between $64 and $79 billion, with annual compliance costs projected to reach up to $73 billion. Such impacts are economically unsustainable for many businesses and families. Sadly, the low-to-middle income Americans President Obama has claimed will benefit from the CPP will actually be those hardest hit by reduced income, job losses, and higher energy costs.
Thus as the Clean Power Plan turns one year old today, Americans should thank President Obama and the EPA for birthing this tremendously disastrous and unlawful regulation. Americans can also thank the President and his EPA lackeys for the CPP’s contributions to the American economy: thousands of jobs lost; bankruptcy; reduced U.S. economic output and household income; and skyrocketing energy costs.
Happy Birthday Clean Power Plan! Hope it’s your last!
See the article here.
- On August 3, 2016