More Supressed Obama Tapes – This Time From San Francisco
The San Francisco Chronicle has apparently suppressed audio of a January, 2008 interview with Obama where he describes his cap and trade system and plainly states that his system would bankrupt coal plants. This is the same Obama who wants to spend $15 billion a year for 10 years to develop alternative fuels while refusing to drill in the most oil-rich parts of the nation or even consider building nuclear power plants. What’s his excuse for drilling? That America uses 25% of the world’s oil production and we only have 3% of the world’s oil reserves. He also claims that since it would take some time before we would get the first oil from the increased drilling that it is not an answer to high gas prices at the pumps. He fails to realize that just the announcement of starting to drill would have an immediate negative effect on the oil prices in the futures market which would, in fact, offer immediate relief even before the first drop of new oil hits the markets. This interview is only further proof that Obama’s energy policy is not concerned with actually bringing down energy prices for the average Americans. He is looking to tax American companies, which results in taxing the American people, for the nation’s prosperity. Obama’s policies will only drastically compound the high energy prices and, with his tax increases, further cripple the American economy.
Here’s the excerpt from the interview where Obama says he will bankrupt the coal industry, which will result in massive job losses for all of the Americans employed by coal plants:
“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.”
For the full-text of his comments, click the link below:
