Obama Says He Will Bankrupt the Coal Industry

You're better off as a poor peasant says the Baron Vladimir Obama

This is just a remarkable story and it is breaking today. I expect that we will be hearing quite a lot about this the next two days as it reveals in stark terms what life under the Anointed One's Holy Rule will be like for those lacking fortunes and political clout at the top. The words "nasty, poor, brutish and short" come to mind.

This clip comes from an interview with the San Francisco Chronicle in which Obama The Most High and Magnificent describes the effect of caps on carbon emissions and how that will kill the coal industry and cause everyone's energy costs to "skyrocket." Yes, Virginians, he really did say that. And you folks in those other coal producing states like Ohio and Pennsylvania should remember that if you vote for this tyrant, you will be signing your own death warrant.

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.

That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.

The only thing I’ve said with respect to coal, I haven’t been some coal booster. What I have said is that for us to take coal off the table as a ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

So if somebody wants to build a coal-powered plant, they can.

It’s just that it will bankrupt them.

Here, The West Virginia Record reports that coal industry officials are shocked at Obama's desire to destroy their industry. Personally, I am not surprised in the least. Obama is a communist; he hates capitalism, business and wealth, unless the wealth is his own of course.