By ordering the Environmental Protection Agency to enact sweeping new regulations that will transform the U.S. economy by essentially putting hundreds of coal-fired power plants on the road to extinction, President Obama is finally making good on his famous campaign promise that his election would signal “the moment when the rise of the oceans began to slow and the planet began to heal.” The goal of the new regulations that bypass Congress is to reduce power plant carbon emissions by 30 percent by the year 2030. But in order to do that, hundreds of the more than 600 coal-burning plants will have to close. Though it is impossible to say with any certainty how much damage this will do to the U.S. economy, what Obama is doing with a stroke of a pen will turn the energy industry upside down, send energy prices skyrocketing, and likely send those regions of the country that are dependent on either the coal industry or the plants that use the stuff into crisis.
Though EPA chief Gina McCarthy claimed that the move would actually help the economy and emphasized the plan’s flexibility, that’s the sort of usual empty “green jobs” rhetoric that no one, even on the left, believes anymore. While the more the president wraps himself and his party in the environmentalist flag the better his liberal base and young voters–who have been indoctrinated in the catechism of global warming throughout their education–will feel, Democrats will pay a price for this piece of ideological governance. Embattled red state incumbents may seek to distance themselves from the president, as will Democrat Senate challengers like Kentucky’s Alison Lundergan Grimes. But the White House clearly regards Grimes and others like her as falling into the same category as the large numbers of jobs that will be lost by this decision. They are acceptable collateral damage that can be lived with because the main goal here is to burnish the president’s legacy as a leader who took serious steps to stop the warming of the planet.