Urbin Report

Sunday, November 02, 2008

Barak Obama is willing to kill a major source of domestic energy

Scary, but true. NewBusters has the audio.
In Barack Obama's own words:

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.

So Barack Obama plans to bankrupt a major US industry, and deliver a deadly blow to American energy independence. That is what you can expect from an Obama administration.

Update: The San Francisco Chronicle has had this story since January of this year! That they sat one this for this long is just another nail in the coffin of the MSM/DNC being completely and utterly in the tank for Barak Obama.

Gov. Sarah Palin, who has a very impressive resume on energy issues is correctly taking Barak Obama to task on this.