1. Regulations governing the coal mining industry (H.J. Res 41).
Mandated by President Barack Obama and finalized in
2016, these regulations “threatened to put domestic extraction companies and their employees at an unfair disadvantage,”White House press secretary Sean Spicer
said.
The resolution, signed by Trump in February, repealed the rule and “could save American businesses as much as $600 million annually,” Spicer
said.
13 Ways Trump Has Rolled Back Regulations in 100 Days
So, coal production is up then. Like higher than during the Obama administration. And coal exports are up too, right?
Quarterly Coal Report - Energy Information Administration
Ruh Roh. Guess not.
serious? you posted this. Seriously? no third and fourth quarter numbers. so how do you tell 2017 without those numbers? Seriously? did you wake up and stupid entered your body or did you fall asleep with it?
Exports were down, and production is not near levels early in the Obama administration. Those regulations that were eliminated didn't do jack shit for coal production, which is more a factor of natural gas prices than any regulation. That is what has been driving the decline in coal, cheaper natural gas prices due to fracking.
But those regulations did one thing, they prevented companies from externalizing costs. So speaking of stupid, you idiots actually support allowing coal companies to externalize their costs, which means YOU PAY instead of they pay.
And the stock market. Well no shit it is booming. Corporations just got a massive tax cut, naturally their stocks, which is nothing more than the perceived value of their future earnings, went up. But it is an artificial and temporary increase. Once the full value of the tax cut has been built in to the market expect little to any gain and actually, well we should be well on our way to a recession within the next two years, probably see the first signs before the midterms. The interest rate yield curve is about to be inverted and that has always been the first sign of a recession.