Howdy,
There's a couple "errors" in the "news" story.
They ranging from being misleading to outright lies.
The author, Joe Wolverton, wants you to believe that this is part of Obama's "Evil Plan to Destory America" but he for some unknown reason has forgotten to mention that all of the acts that lead upto ( no pun intended ) the smelter closing was set into motion before Obama took office.
The EPA regs that Wolverton mentioned were passed into law during the Lil' George Era and were passed by a (R) controlled Congress.
Wolverton mentions the TPP and blames this on Obama.
Wrong again.
The TPP that Wolverton refers to were formed, drafted and ratified in 2005 which was before President Obama became a Junior Senator from Illinois
The TPP doesn't have anything to do with lead but has to do with Intellectual property, counterfeiting, copyrights, etc.
Gee, if Wolverton had mentioned all the info I posted then people like Navy Seal and the rest of the "+40yo SWMs that live with their Mom and have a "Command Post" in the basement" crowd would NOT have been able to get their panties in a wad.
Supply and Demand.
As long as there is a "+40yo SWMs that live with their Mom and have a "Command Post" in the basement" crowd that Demand lame BS there will be a Supply of lame BS from people like Wolverton.
Either W.C. Fields or B.T. Barnum said "There's a sucker born every minute!"
Paul
P.S. Like Wolverton I forgot to mention something:
The smelter plant was over 100 years old and I realize that the "+40yo SWMs that live with their Mom and have a "Command Post" in the basement" crowd might not understand what that means but the rest of us will realize that the plant was old and worn out. The place had been patched, rigged, expanded, etc. to the extent that the infrastructure was unrepairable.
Add in the cost of upgrading to plant to meet the EPA regs that were going into effect and the bottom line is just that the bottom line and Doe Run decided NOT to spend to money to upgrade the plant.
Pretty simple and basic Business/Accounting 101.