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Old 03-28-2017, 12:15 PM   #174
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Originally Posted by dash_pinched View Post
And it likely won't bring back those coal mining jobs.

"The reality is that the demand for coal has been decreasing for a while and it’s going to continue to decrease,” Sheldon Stone, a partner and head of restructuring at the investment banking firm Amherst Partners, LLC, said in an interview. “Even by doing this you are not going to be bringing mining jobs back.”

Patrick Hickey, a political science professor at West Virginia University, says coal shares the same kind of nostalgia as manufacturing, tied to the belief of some voters that their lives were much better economically 20 to 30 years ago. "It becomes a powerful political rhetorical appeal to hearken back," he said, "because even if you’re not directly connected to the industry, you may know family members or relatives or ancestors who were."

https://www.bloomberg.com/politics/a...o-his-campaign
I wonder if presidents from the early 1900s ever had political pressure to save the horse and buggy industry and where we would be today if they bent over to those desires.
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