Trump's fight for coal uses Korean War law

[Marina Schwarz + 1,576]

"Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense.

Now, more than a half century later, Trump administration officials are considering using the same statute to keep struggling coal and nuclear power plants online, according to four people familiar with the discussions who asked for anonymity to discuss private deliberations."

I wonder how much opposition this move would draw.

[Rodent + 1,424]

35 minutes ago, Marina Schwarz said:

"Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense.

Now, more than a half century later, Trump administration officials are considering using the same statute to keep struggling coal and nuclear power plants online, according to four people familiar with the discussions who asked for anonymity to discuss private deliberations."

I wonder how much opposition this move would draw.

 

[TraderTate + 186]

Coal is no longer a strategic commodity and can't really be considered a matter of national defense. Capping prices, etc is not free-market policy. This is the same as subsidies for renewables. Anything like this to do with coal is strictly about buying votes and appeasement of people who already voted and see things aren't working out the way they envisioned. It's also probably a bunch of hot air to keep coal states/companies hopeful. Stringing them along. As far as the 'old' law, they're also invoking the ancient to halt the Chinese moves to penetrate US tech... definitely easier than trying to get new laws passed.