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Sadly I did miss post #5. My bad there, but your bad for not including in your original assertion if it was material to your point.
That said, post #5 is an op-ed. Unfortunately, as I am not a member of the WSJ site, so I can't read the whole article, but I have no basis to conclude that it is anything more than someone drawing their own self-serving conclusions, as I accuse you of. But, I did owe you and this thread a little more so I did some more research on the issue looking for a complete explanation of the mine closures.
I found this on Reuters with an article on S&P's rating of Alpha.
TEXT-S&P cuts Alpha Natural Resources Inc rating to 'B+' | Reuters
If you read this article, Alpha is in deep trouble because of the market.
"....U.S.-based Alpha Natural Resources Inc. is cutting production
amid a sharp cyclical drop in domestic demand for coal, which will lead to
lower-than-expected EBITDA in 2012 and 2013...."
and
Alpha Cuts Steelmaking Coal Outlook as Export Market
Sorry, the articles paint ANR as being in deep financial trouble with no blame whatsoever to the regulatory environment. Accordingly, your example does not support your assertion. You can blame the weakening market for coal for the job loss, not Obama nor the regulatory environment.
What do you expect from the Obama friendly liberal media in an election year? They will go to great lengths to protect their saviour, so excluding that little detail is not only no surprise to me, but it's to the point it's almost expected.
Try this link:
Review & Outlook: Middle-Class Job Killer - WSJ.com
And here's a few more paragraphs for you:
Arch Coal announced in June that it would idle operations in Appalachia, cutting 750 full-time jobs—10% of its work force—blaming the "challenging regulatory environment." PBS Coal and its affiliate, RoxCoal, in July laid off 225 workers in Pennsylvania, citing "uncertainty generated by recently advanced EPA regulations." Consol Energy at about that time cut 318 jobs in West Virginia.
When Ohio Valley Coal in July announced its own cuts, General Manager Ronald Koontz slammed the Obama Administration for seeking to "destroy" the "jobs of our own employees and the livelihoods of their families." Mr. Koontz's pointed comments didn't get elevation, what with the media deep into the frenzy over ancient and alleged sins of Bain Capital.
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