“President Trump’s just announced plan to give a $700 million taxpayer dollar handout to the coal industry is boneheaded on steroids. It makes the Obama-era Solyndra boondoggle look shrewd by comparison. This is a total misuse of the Defense Production Act , a giant giftwrapped payout to subsidize and prop up a flailing industry that can no longer compete in the free market,” said David Jenkins, President of Conservatives for Responsible Stewardship (CRS).
“This move, along with the President blocking the retirement of old coal plants that are too costly to operate, is making most Americans poorer. Enriching corporate cronies at taxpayer expense is swamp politics at its worst, and there is nothing even remotely conservative about it,” Jenkins added.
About CRS:
Conservatives for Responsible Stewardship (CRS) is a national nonprofit grassroots organization founded on the premise that environmental stewardship and natural resource conservation are inherently conservative, and that true conservatives endeavour to be good stewards of the natural systems and resources that sustain life on earth. Safeguarding our air and water, our public lands, our wetlands, and wildlife is, as Ronald Reagan accurately pointed out, ‘our great moral responsibility.’ We provide a critical counterbalance to those on the political right who have lost sight of their stewardship duty, and to those on the political left whose mistrust of capitalism often results in unworkable policies that polarize more than resolve.
Learn more about CRS at our website: https://conservativestewards.org/
###
