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Another Coal Mine Closes Thanks to Trump Failure


More coal mines filing for bankruptcy at a faster rate under Trump than the previous administration. The country’s sixth-largest coal producer, Blackjewel LLC, filed for bankruptcy last week, putting 600 Wyoming miners out of work without warning.

Now the coal union wants to hear from Democratic candidates because miners fear losing their pensions and health insurance which Trump and the Republicans want to destroy. They also want to hear more about retraining which Clinton had brought up years ago.

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They want to hear from Democrats? They should want to hear from T-rump since he has failed them. What’s his big plan to help them?

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The union endorsed Obama in 2008, but there was no endorsement for 2012 and 2016 even though most coal miners probably voted for Trump. It might be good news if the union wants to hear from Democrats. Maybe a 2020 endorsement?

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Ahhhh... now I get it. Thanks for explaining!

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Global investment in clean energy fell 14 percent over the first six months of this year, according to a new report from research group Bloomberg New Energy Finance.
http://www.msn.com/en-us/money/news/investors-pull-back-from-clean-energy/ar-AAE85AY?ocid=iehp

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By 2050, 50% of all energy will come from solar or wind. Hydro, nuclear and other renewable energy will provide 21%. Coal will plunge from 37% today to 12%.
https://www.bloomberg.com/news/articles/2019-06-18/the-world-will-get-half-its-power-from-wind-and-solar-by-2050

Your link misses important data. China is shifting away from subsidies which is the main reason for the worldwide plunge, but they are still the world's largest spender in clean-energy with $28.8 billion in the first half of 2019. Spending should go up in the second half of 2019.

Global spending totaled $117.6 billion in the first half of 2019, down 14% from a year earlier and the least since 2013. But spending during 2014-2017 saw record spending except in 2016.
https://www.bloomberg.com/news/articles/2019-07-10/the-world-is-spending-the-least-on-clean-energy-in-six-years

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The coal industry has to face the unavoidable fact that it's never going to return to the level of energy significance that it had any time in the past. I don't blame Trump for the closing of this mine, but I do blame him for making false promises to coal workers that if they voted for him he would reinvigorate their industry.

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Well not coal but Trumps economics getting back jobs.
Shuttered steel mill gets new life in Bellville
The Bellville Tube Co., shuttered by its previous owner in 2014, is being reopened
https://www.chron.com/business/bizfeed/article/Shuttered-steel-mill-gets-new-life-in-Bellville-14083584.php

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It's being opened by secretive "private investors". Who are they and why the secrecy? Maybe a hundred jobs - not many.

A Forbes article says recycling destroyed the steel industry - not foreigners. Traditional steel mills closed and the newer minimills that handle recycled steel opened with less employees needed. Another article says that technology has replaced workers.

650,000 employees at the peak in 1953 to 143,000 now. The steel industry like the coal industry is dying and cannot be revived by anyone. Tariffs only increase the prices of goods.
https://www.forbes.com/sites/timworstall/2016/08/05/its-not-china-or-trade-that-killed-the-steel-jobs-but-recycling/#2fc8c644d666

Most mills aren't hiring more workers because technology can be turned up to meet demand:

Why Trump’s Tariffs Didn’t Help Create More Steel Jobs
https://www.bloomberg.com/news/articles/2019-01-30/why-trump-s-tariffs-didn-t-help-create-more-steel-jobs

Trump wants 1950s solutions in a 2019 world. That was never going to work. Clinton was right. Unemployed workers need to be retrained for today's jobs or risk being left behind. When my field became computerized, I didn't argue. I taught myself the computer so I could stay employed.

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"Well not coal but Trumps economics getting back jobs."

Kid, you have no idea what economics Trump is even responsible for, nevertheless how they impact jobs.

The economy has been on autopilot since before Obama's second term. Unemployment has been dropping since 2010. Under Trump, the drop rate has continued at the same pace. The stock market has also improved at the same rate. Not since Trump's election, but from the recovery of the 2007 recession.

Trump has used the positive recovery from the recession to give tax breaks to the wealthiest individuals. Yes, Wall Street really likes it when presidents do that, and they all give the thumbs up so they can get more tax breaks down the road. It wasn't even Trump's tax plan. It was a plan the establishment cooked up years before he was elected. Doesn't matter if it was Kasich, Jeb, Rubio, Cruz... they all would've implemented the same tax cuts for the wealthy.

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I'm glad the coal mines are glosing. They are very unhealthy for the coal miners many of whom have black lung disease. Using coal is not only unhealthy for the miners but bad for the environment.

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One of the main concerns for the miners was to have health insurance because of black lung disease.

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