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The DOW finished on Tuesday 320 points while the price sale continued. Every passing day, economists are becoming more and more convinced that the United States will enter into a self-inflicted economic slowdown, and what is the man who is responsible for these events?
Donald Trump was in the White House organizing a propaganda event for the American coal industry.
As if it was 2017 again, Trump said:
Today, we take historical measures to help workers, minors, American families and consumers, we are finishing once and for all Joe Biden’s war against a beautiful call and for all. And it was not only Biden, it was Obama and it was others. But, we do exactly the opposite. And all these plants that have been closed will be open if they are sufficiently modern, or they will be torn and news will be built.
We are going to put the minors back to work. And I said I was going to do that and I said it hard and hard and it’s time to do it and we need it. And, I look at these people behind me. I don’t want to have an arm struggle competition with it.
Trump’s decrees will end Obama’s moratorium on the exploitation of coal on federal lands. The decrees are intended to boast and stimulate the coal industry, which, according to Trump, will feed the AI and the data centers.
There is only a problem.
The American coal industry is roughly::
Coal is the dirtiest of fossil fuels – its Killed shows 460,000 people between 1999 and 2020. More, it is not even profitable – even natural gas is cheaper than coal. And these plants are old – the average age of online plants is 53 years.
Coal has been down for a long time – he culminated in 2007. As I just wrote last month, coal fell to a record hollow of 15% in total electricity production in the United States in 2024, and wind and solar energy for 17% total electricity production. It is true – wind and solar energy managed to have provided more electricity production in the United States than coal last year.
The decline of coal began at the end of the Bush administration, but politics did not kill her. Coal was killed by natural gas and natural gas if faced with competition from clean energy. Coal mines do not come back. Coal -powered power plants die.
The Tanking economy because Trump is trying to use 19th century trade policies. Trump’s energy policy will also fail because it comes from the middle of the 20th century.
Donald Trump is completely out of step, not only with the majority of Americans but also with the rest of the world.
While the modern economy of the United States collapses, Trump organized a propaganda event to die of coal.
Trump does not even live in the same universe as the nation he runs on the ground.
What do you think of Trump who is propaganda for coal? Let’s talk about it in the comments below.