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Old August 8th, 2017, 08:01 AM   #1
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EPA boss exaggerated growth of coal jobs by 5,000%

Was this reported on the Real News website?

Quote:
The White House Exaggerated the Growth of Coal Jobs by About 5,000 Percent

On Sunday’s “Meet the Press,” Scott Pruitt, the head of the Environmental Protection Agency, claimed that the U.S. has created 50,000 jobs in the coal sector since the fourth quarter of 2016. The statistic carries an important message for the White House. Trump has brought extraordinary attention to the decline of coal jobs, for which he’s blamed Obama-imposed regulations. Coal’s immediate bounce-back would represent a major early win for a president who has made promises to revive the economy of the 1950s, when mining was more dominant.

But Pruitt’s statistic wasn’t just flagrantly incorrect. It’s being used to support a nonsensical argument that the United States should orient its global policy based on a sector employing 0.03 percent of the economy, as there are fewer coal mining workers than there are people employed at Carl's Jr. franchises or Disney World.

Quite simply, the coal sector has added about 1,000 jobs since October 2016—not 50,000. Coal could not have added 50,000 jobs in the last eight months, since that is essentially the size of the entire coal industry, according to the Bureau of Labor Statistics. Pruitt’s statistic would otherwise imply that entire coal mining industry started in October.
more: https://www.theatlantic.com/business...gerate/529311/

Or, maybe he meant something else. Please, any Trump Administration translators, speak up.
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Old August 8th, 2017, 08:06 AM   #2
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Originally Posted by imaginethat View Post
Was this reported on the Real News website?



more: https://www.theatlantic.com/business...gerate/529311/

Or, maybe he meant something else. Please, any Trump Administration translators, speak up.
I'm willing to bet that the Trump administration is including any jobs created in "coal mining" towns. More coal miners employed the more they spend money creating jobs in other businesses in the area.

I still doubt that number because it is being reported by the Trump administration...but I'm willing to bet that is part of the inflation.
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Old August 8th, 2017, 08:30 AM   #3
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I'm willing to bet that the Trump administration is including any jobs created in "coal mining" towns. More coal miners employed the more they spend money creating jobs in other businesses in the area.

I still doubt that number because it is being reported by the Trump administration...but I'm willing to bet that is part of the inflation.
Maybe so.

Coal mining is so ... Trumpian.
By January 2016, more than 25% of coal production was in bankruptcy in the United States. In 2015 four publicly-traded US coal companies filed for Chapter 11 bankruptcy protection, including Patriot Coal Corporation, Walter Energy, and the fourth-largest Alpha Natural Resources filed for bankruptcy protection. The second-largest producer Arch Coal and the largest producer Peabody Energy declared bankruptcy in 2016
https://en.wikipedia.org/wiki/Coal_m..._United_States
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Old August 8th, 2017, 08:36 AM   #4
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OMG....

Quote:
A Recently Bankrupt Coal Company Is Being Honored at Mar-a Lago
It’s the annual Distressed Investing Summit


President Donald Trump’s Mar-a-Lago resort will host the opening reception Wednesday evening for a conference where a recently bankrupt coal company will be a guest of honor. The annual Distressed Investing Summit will bestow one of its “Restructuring Deal of the Year” awards to Arch Coal for clearing $5 billion in debt after it filed for bankruptcy in 2016.

“They emerged from bankruptcy in 2016 after shedding huge amount of debt, obligations to workers, and environmental cleanup,” Sierra Club’s Beyond Coal director Mary Anne Hitt says. “When a company is in bankruptcy, you don’t have a lot of leverage in there with all the lawyers and stakeholders. To have them feted at Mar-a-Lago as a turnaround is salt in the wound for workers and people representing the public interest.”

...Not everyone agrees that Arch Coal’s 2016 bankruptcy deal warrants celebration. During the bankruptcy proceedings, environmental opposition forced the company to abandon its proposal that taxpayers should foot the entire bill to clean up its abandoned mines. The company also laid off hundreds of its miners that same year....
More: A Recently Bankrupt Coal Company Is Being Honored at Mar-a Lago ? Mother Jones

Trumpian.
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Old August 8th, 2017, 09:30 AM   #5
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tRump honoring a company that screwed a bunch of little guys. Exactly IT, tRumpianism at its best.
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Old August 8th, 2017, 06:26 PM   #6
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The "anti-establishment" guy hosting an awards ceremony for best creative bankruptcy.
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Old August 8th, 2017, 06:28 PM   #7
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The "anti-establishment" guy hosting an awards ceremony for best creative bankruptcy.
Well if anyone knows "creative bankruptcy" that would be our Cheeto in Chief.
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