obama to bankrupt coal industry

[manu1959]

http://media.newsbusters.org/stories/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry.html?q=blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry

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.

[Kathianne]

http://media.newsbusters.org/stories/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry.html?q=blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry

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.

But, it's not coal alone:

http://online.wsj.com/article/SB121296676181055711.html?mod=googlenews_wsj

Yeah, it's a pay site.

[bullypulpit]

Gosh...NewsBusters...What a paragon of journalistic integrity. The only problem is the story is BS, as is Matt Drudge's reporting on the story and the RNC's grasping at that particular straw, as was Sarah Palin's reference to it.

<center><a href=http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=14&entry_id=32228>Lies, Half Truths and Contradictions: Chronicle ''Hidden'' Audio on Obama</a></center>

Stop being such lemmings. You're both smarter than that.

[stephanie]

:lol:

The story is BS...

what did he get punked...

the tape is for real, that is how he see things..

[Yurt]

Gosh...NewsBusters...What a paragon of journalistic integrity. The only problem is the story is BS, as is Matt Drudge's reporting on the story and the RNC's grasping at that particular straw, as was Sarah Palin's reference to it.

<center><a href=http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=14&entry_id=32228>Lies, Half Truths and Contradictions: Chronicle ''Hidden'' Audio on Obama</a></center>

Stop being such lemmings. You're both smarter than that.

you're going to have to do better than that to cover your socialist leader's guffaws when he let's the truth come out...

BIDEN: no coal plants here in america

see, even biden knows obama's agenda and faithfully tells it to the american public

[avatar4321]

Gosh...NewsBusters...What a paragon of journalistic integrity. The only problem is the story is BS, as is Matt Drudge's reporting on the story and the RNC's grasping at that particular straw, as was Sarah Palin's reference to it.

<center><a href=http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=14&entry_id=32228>Lies, Half Truths and Contradictions: Chronicle ''Hidden'' Audio on Obama</a></center>

Stop being such lemmings. You're both smarter than that.

i was unaware that Matt Drudge has the power to get Obama to say that he wants to bankrupt the coal industry.

Apparently believing Obama's own words is some right wing conspiracy.

You know what i dislike most about you liberals. Your blatant dishonesty when confronted with the facts.

[stephanie]

something else to look at in this tape..

is how cold he is when he talks about destroying our one of our energy sources, that will put hundreds of thousands of people out of work, and drive up our energy bills.......

we will be in for a world of hurt if this little Hitler is elected..

[Immanuel]

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.

Charged to the polluter?

I wonder if he is going to charge us per mile on our cars.

Once a month are you going to have to stop at a carbon taxing station near you with your checkbook to have your odometer checked and pay your tax?

Additional taxes on your electric/gas bill? What was that, no tax increases on the poor?

Immie