Caught on Tape: Obama to Coal Industry: I Will Bankrupt You

Posted by zee on Nov 2nd, 2008 in Obama-debacle | 1 comment

With an Obama presidency comes darkness. Plain and simple. Every word that comes out of his twisted Marxist mouth spells gloom for America, gloom and destitution for your children. Just plain unadulterated hell.

Obama Promises San Francisco Audience He Will Bankrupt Coal Industry

Barack Obama:

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 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.”
(Source: Gateway Pundit)

And so it will be for any of us who want to live the typical, standard, no-frills American life. It will bankrupt you. I’m not talking vacation homes and SUV’s. I am talking just a simple life. We heat with wood here, to supplement the furnace. I wonder when folks like us will be slammed with “greenhouse” taxes.

Obama has made it quite clear. You will not be permitted to conduct your life or raise your children according to the values you hold dear. For all of the Dims demands for “choice”, they are ushering in an era where  the only choice that you will have is the one this bastard Obama demands that you make. Or go bankrupt.

Obama: I’ll make energy prices “skyrocket”

Barack Obama:

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. (Source)

Please understand that development of our coal industry would deliver a very hard blow to our enemies.

Although 90 percent of the country’s coal reserves are concentrated in 10 states, coal in mined in 27 states and can be found in even more. Montana has the most coal, 25 percent of demonstrated reserves. Wyoming, third among states with the most coal, is first in coal output, accounting for 18 percent of annual production.

U.S. coal reserves contain 12 times as much energy as all the oil in Saudi Arabia! A brief look at some numbers explains why coal is the country’s most abundant and important energy resource.

According to the United States Geological Survey, we have 1.7 trillion tons of identified coal resources — coal for which geological evidence and engineering studies provide reliable information about location, rank, quality, and quantity. (Geologists recognize that more coal deposits are likely to be discovered in the future, so they estimate total coal resources could amount to 4 trillion tons.)
(source)

Instead of doing all that is possible to secure America’s future by developing our resources, Obama would prefer us to remain dependent on our enemies with an economy crippled by policies that are designed to do just that. Perhaps it is because, like our enemies, Obama prefers America to be on her knees.

UPDATE: Palin Responds to Obama Bankrupting Coal

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One Response to “Caught on Tape: Obama to Coal Industry: I Will Bankrupt You”

1. THE MIDNIGHT SUN » Blog Archive » OBAMA: DISOBEDIENCE WILL BANKRUPT YOU says:

   November 3, 2008 at 6:27 am

   [...] Road Sassy: With an Obama presidency comes darkness. Plain and simple. Every word that comes out of his [...]
2. Aurora says:

   November 3, 2008 at 7:06 am

   Dynamite post, Zee. I’m linking to you. Obama will bring an age of misery and poverty to the children of the nation such as has never been seen since America’s foundation. I believe God has given America the opportunity through the bloggers’ warning before the elections. He always provides a way out. I wonder if the vast masses will take it.

   Auroras last blog post..OBAMA: DISOBEDIENCE WILL BANKRUPT YOU