Obama's Abandoned Power Plants

Obama's Abandoned Power Plants

If voters knew how America's economy would look after two terms of President Barack Obama's administration, Mitt Romney would win in a landslide.

In the 2008 campaign, President Obama told the San Francisco Chronicle that the “notion of no coal...is an illusion.” He noted that he favors a cap-and-trade system “[s]o 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.”

While Obama did not get to implement cap-and-trade, he found other ways to shut down coal...