Reports indicate that the predominant costs of implementing the Environmental Protection Agency’s new "green" economy regulations are job loss (as coal plants are forced to close) and mass blackouts. President Obama admitted in a 2008 interview that he is intent on shutting down the U.S. coal industry:
So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.
A press release from GOP candidate Rick Perry's campaign claims the the Clean Air Act is specifically designed to reconfigure America's energy landscape and cause job losses. It states:
The president's ideologically driven objectives on greenhouse gases are so extreme, in fact, that the EPA recently admitted it would require 230,000 new federal bureaucrats to fully implement the terms of the Clean Air Act. The agency's admission confirms that the Clean Air Act was never intended to apply to greenhouse gases. Rather than simply concede that fact, the Obama administration has attempted to rewrite the Clean Air Act to satisfy its radical agenda of regulating the entire economy based on emissions.
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