Sunday, November 02, 2008

Obama Intends to Bankrupt Coal Industry

Barack Obama told the friendly San Francisco Chronicle in a January 17, 2008 interview that he would bankrupt the US coal industry rather than have more coal fired plants built here. It's important to know that US coal reserves are among the largest in the world, America is essentially the Saudi Arabia of coal. Obama and Biden would squander that alternative fuel for making electricity by imposing onerous regulations that would shut down the current coal fired power plant industry and prevent any new plants from being built.

Let me sort of describe my overall policy.

What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

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.

Intentionally bankrupting the coal industry, the lowering of the taxable income threshold, the reneging on the promise to use public campaign financing, the arguing in favor of killing live birth abortions, the countenancing of extreme late term abortions - the history of Obama's dishonesty and list of lies just goes and on and on and on.

His Momma and Grandmomma raised a fool.


Gov. Sarah Palin responded today in Ohio, coal country, to Obama's promise to bankrupt the US coal industry.

The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.


Ted said...


Indigo Red said...

Oh, I do hope so, Ted.