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."
These remarks were made by Obama on January 17 of this year. Not
surprisingly this audio was hidden until now because the interview
was with the far left San Francisco Chronicle.
It will almost
certainly cause a lot of smaller coal companies to either cut
their work force as the demand for coal - our most abundant energy
source - shrinks and probably drive a lot of these smaller
concerns out of business.
And what about his gloating about driving businesses to
bankruptcy? Has there ever been a presidential candidate who
looked forward to the prospect of destroying someone's life's work
and costing thousands of people their jobs?
But at least the Euro-twits pushing Global Warming won't be mad at
us anymore.
Hat Tip: Rich Baehr
Obama Bankrupting the Coal Industry
