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Old 11-03-2008, 09:42 AM   #1
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Default Obama Tells SF Chronicle He Will Bankrupt Coal Industry

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Obama Tells SF Chronicle He Will Bankrupt Coal Industry

Imagine if John McCain had whispered somewhere that he was willing to bankrupt a major industry? Would this declaration not immediately be front page news? Well, 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 of Obama's statement about bankrupting the coal industry (emphasis mine):

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.


Amazing that this statement by Obama about bankrupting the coal industry has been kept under wraps until this time.

UPDATE: NewsBusters' Tom Blumer has found out that the San Francisco Chronicle story published on January 18 based upon this January 17 interview did not include any mention of Obama's willingness to bankrupt the coal industry which you can hear on the audio. You can read the story here when you scroll down to the "In His Own Words" section. Way to cover up for The One, SF Chronicle!
http://newsbusters.org/node/25829?q=...-coal-industry

AUDIO:

[YOUTUBE]A7iObjJXHNU&feature[/YOUTUBE]
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Last edited by MACH1; 11-03-2008 at 09:55 AM.
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Old 11-03-2008, 09:53 AM   #2
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

Bad news, greenies. 1/4 of the world's coal is in the US, and half of our electricity is derived from coal. So how will you power your little electric cars without coal plants to get the electricity from?
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Old 11-03-2008, 06:18 PM   #3
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

But its okay, coz he's not Bush!



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Old 11-03-2008, 06:51 PM   #4
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

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But its okay, coz he's not Bush!



I don't buy it.
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Old 11-03-2008, 06:54 PM   #5
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

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I don't buy it.
Elaborate please.
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Old 11-03-2008, 06:58 PM   #6
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

Then Obama sneered, twirled his curly black mustache, and made his escape.
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Old 11-03-2008, 07:19 PM   #7
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

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Then Obama sneered, twirled his curly black mustache, and made his escape.
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Old 11-03-2008, 07:25 PM   #8
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

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Elaborate please.
97% voter with his own party. Wants to spend the extra dollars that we don't have like Bush did. Has a spending plan that would raise taxes.
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Old 11-03-2008, 09:17 PM   #9
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

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97% voter with his own party. Wants to spend the extra dollars that we don't have like Bush did. Has a spending plan that would raise taxes.
Take no offense in what I am about to say. Thank God a younger person gets it. All we hear is how much the future of our nation is moving towards Obama. Personally I think our youth is smart enough to realize we are being hustled. Which bodes well for our future leaders. You, SteelCityMan.
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Old 11-04-2008, 04:55 AM   #10
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Default Re: Obama Tells SF Chronicle He Will Bankrupt Coal Industry

You know, if we just had two more weeks, I really think this election would change....

then again, if we really had a decent candidate to run against Obama.
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