Monday, November 03, 2008

Obama Kills An Industry

Obama again- this time promising to bankrupt the coal industry.

So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.

That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.

The only thing I’ve said with respect to coal, I haven’t been some coal booster. What I have said is that for us to take coal off the table as a ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

So if somebody wants to build a coal-powered plant, they can.

It’s just that it will bankrupt them.

As the video points out, coal is what produces more electricity in the US than anything else. Obama really wasn't joking when he said that under his Presidency, Americans were going to have to reduce their electricity consumption. He's going to use his power as President to drive an entire industry into ruin. People were surprised when Joe Biden came out against coal plants, wondering why he was going "off message" when Barack supposedly supported coal.

I guess this is another case of Obama using some "overheated" rhetoric to lie to voters.

And you, the American people, are going to have to pay for it with a reduction in available power and radically increased electricity prices.

And here's more evidence of Obama's insane desire to destroy the industry that provides the bulk of the nation's electricity-

You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

In tough economic times, he wants to massively increase the cost of electricity and limit its availability- never mind the effect that will have on consumers, what's it going to do to businesses? Sky-rocketing costs- his term remember- will mean less money goes into the economy, possibly driving this recession into a full-blown depression.


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