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November 2, 2008

Discovered 'Hidden Audio': Obama Tells SF Chronicle He Will Bankrupt Coal Industry (Updated)

Topics: Political News and commentaries
This is most definitely something the people of Ohio, West Virginia, and Colorado need to know about. Barack Obama "actually flat out told the San Francisco Chronicle (SF Gate) that he was willing to see the coal industry go bankrupt in a January 17, 2008 interview. The result? Nothing. This audio interview has been hidden from the public...until now":


Here is the transcript from NewsBusters of Obama's statement about bankrupting the coal industry (HT - Pam):

 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.

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 (sic) 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.

So how is it that the media never got hold of this before and made it known to all; could it be that their messiah might be destroyed in Pennsylvania?

Update: Palin Attacks Obama on Coal Production (Note: as a commenter noted at the link, "How can any honest person call it an attack when you quote someone's words verbatim? Obama said he would drive up coal prices through carbon credits and bankrupt any plant using coal as a fuel. What is so hard to understand? Obama is a Gorean nihilist who would strangle carbon fuels to reach some utopian environmental goals that would bankrupt America. That is hardly an attack, just a statement of what Obama wants to do and has said he would do.)

Posted by Richard at November 2, 2008 9:12 AM

Posted by: Bob at November 2, 2008 11:44 PM

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• Discovered 'Hidden Audio': Obama Tells SF Chronicle He Will Bankrupt Coal Industry (Updated) - Nov 02, 2008