Audio Unearthed OBAMA TELLS SAN FRANCISCO HE WILL BANKRUPT THE COAL INDUSTRY

The folks at Naked Emperor News have unearthed another interesting nugget from a Barack Obama interview from months ago. In January 2008, Obama spoke about his approach to global warming and cap-and-trade systems, and he had a warning for anyone foolish enough to invest in coal:



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

This is the way Obama intends to do it. Coal provides 49% of domestic electrical power, and any rise in the cost of producing that energy will raise its cost to consumers and reduce the amount produced.

This comes as no great shock, pun intended. Obama already called for a 15% reduction in demand for electricity — at the same time he and his allies want transportation to switch from gasoline to electricity. Obama never explained this particular contradiction. How does one switch tens of millions of vehicles from gasoline to electricity while not Increasing demand, let alone by cutting it 15%? And when trying to break free from a recession, the nation will need greater production in energy, not a reduction.

The coal-based economics of Pennsylvania, West Virginia, Kentucky, Ohio, and other states will be the first to feel this new policy. Let’s hope the voters there pay attention.