Crush Liberalism

Obama: Yep, I’ll bankrupt coal plants and cause energy prices to skyrocket

The One on how he plans on helping out coal workers in OH, WV, and PA:

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.

There’s a good way to jumpstart the economy in these already depressed regions, huh?

As Ed notes, coal provides about half of this nation’s energy source for electric plants.  The end result?  Just ask Uhhh-bama himself:

You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

Recession?  Check.  Killing coal that provide this country’s electricity?  Check.  Jacking up your power bills into the stratusphere as a sacrifice to Mother Gaia?  Checkity-check-check.

November 3, 2008 - Posted by crushliberalism | environuts, Obama, oil