WSJ's Moore: Obama Policy on Fossil Fuels Hurts Poor

Tuesday, 20 May 2014 08:46 PM

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The Obama administration's ongoing assault on fossil fuels is hurting the poor, says Stephen Moore, chief economist for the Heritage Foundation and a board member of the Wall Street Journal.

"The left has this assault against . . . drilling and nuclear power and natural gas and all of the ways that we get cheap and abundant electricity," Moore told "The Steve Malzberg Show" on Newsmax TV.

"Their agenda is to make electricity power much more expensive by making us buy it from things like windmills and solar power, which is extraordinarily expensive.

"[This] is going to hurt the poor way more than it's going to hurt rich people because the poor are the ones who are going to be priced out of the electricity market,'' he said Tuesday.

Story continues below video.



Moore said low-income families have been devastated by the government's regulation of coal operations.

"You can go to whole towns in states like Kentucky and West Virginia, in Ohio and Pennsylvania and . . . even Virginia that have been essentially wiped out because of this, you know, wacko assault against fossil fuels,'' he said.

"The people who are hurt are people who make $20,000, $30,000, $40,000 a year. These aren't rich people, and there are whole towns, literally whole towns [that] have been decimated by this radical environmental agenda."


See "The Steve Malzberg Show" on Newsmax TV each weekday live by clicking here now.


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