Are you sure you want to delete this post?
The Washington Post this morning published an excellent article about Trump's obsession with dying industries. Here's a few highlights:
The Trump administration is learning that, as new data show that the industries it has worked hardest to prop up — through bailouts, tariffs and other favors — continue their descent.
Trump (incorrectly) blamed the industry’s problems on overregulation, including by the Obama administration.
Just last week, the Energy Department announced $38 million in new federal funding for research into how to keep old coal plants online.
A new government report finds that it’s been all for naught.
Got that? This less-regulated industry is somehow expected to do worse than was once projected with all those supposedly industry-killing regulations.
More coal-fired plants closed in Trump’s first two years in office than in the entirety of Obama’s first term.
Despite Trump’s claims, the main challenge for coal is not regulation. It’s technology. Hydraulic fracturing, or fracking, in particular, has made natural gas a much cheaper alternative.