EPA Driving Companies Over Seas : 'Clean Power Plan' - Economic Disaster

One of the major objectives of the progressive socialist movement for renewable energy is to replace fossil energy in our country to reduce the perceived destructive environmental 'foot print' of American manufacturing. By raising the cost to manufacturing it will solve two problems at the same time.

By driving the manufacturing and other industries that rely on cheap energy out of the country, not only will it reduce believed environmental damage, but also cause America to have less prosperous and therefore be less influential in world markets. This will bring America in line with other Western countries that are dominated and ruled by democratic socialists.

The EPA is the most unelected and uncontrolled destructive force that threatens our country today. The Clean Power Plan is just the latest and perhaps the most destructive to our country's prosperity ever and is being forced on the apparently unaware general public.

Mr Obama believes this is the coming of the new world order.

That a majority of these countries that are controlled by socialists are only marginal successful is of no consequence. Mr Obama believes, as do most other progressive democrats in the collective, it's time for America to be less consequential in the world. We have caused enough damage in the world already. The socialist democrats believe America cannot solve world problems, we are the cause of  world problems. It's time to come home.

Will President Obama's Regulations Move U.S. Industries Offshore?
Source:  "Will President Obama's Regulations Move U.S. Industries Offshore?" Institute for Energy Research, August 31, 2015.

September 9, 2015

In order to decrease CO₂ levels by 32 percent as the Clean Power Plan requires, the Energy Information Administration (EIA) estimates the changes will cause electricity prices to rise 16 percent.

High energy prices resulting from the Clean Power Plan could significantly impact U.S. manufacturing. When energy prices were almost 50 percent higher back in 2005, many businesses moved manufacturing overseas. Recently, through the development of hydraulic fracturing which has lowered the price of natural gas and increased the amount produced, companies are returning to the U.S.

• General Electric moved a washing machine, refrigerator and heater manufacturing plant from China to Kentucky.
• According to the Boston Consulting Group, 37 percent of companies with annual sales over $1 billion stated they were planning or actively considering shifting production facilities from China to the United States.
• Keer, a Chinese textile company, recently built a yarn manufacturing plant in South Carolina.
• Of the 108 American manufacturing firms with multinational operations, 14 percent had plans to move some manufacturing to the United States.

Unfortunately, the higher energy prices resulting from the implementation of the Clean Power Act could cause these and other manufacturers to reconsider moving to the United States.

Environmental Protection Agency (EPA) mandates could reduce GDP by $140 billion, abolish 1.4 million jobs and result in an $830 loss in consumption by the average U.S. household every year from 2017 to 2040. The economic implications of the Clean Power Plan are severe and could result in pushing even more countries to consider cheaper alternatives overseas.
 

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