Is the Obama administration good for the economy or bad? According to the St. Louis Business Journal:
Arch Coal has been hit by plunging coal prices, and the company’s bonds are now approaching levels considered distressed.
They went on to say:
Arch Coal is expected to post losses of more than $1 billion from 2012 through 2014, analysts surveyed by Bloomberg said. On Oct. 7, Moody’s Investors Service cut the ratings on Arch Coal’s debt to B3, six levels below investment grade.
Arch Coal is a St. Louis Based company. How many families will the Obama Administration and EPA destroy?