BREAKING NEWS: OBAMA PLANS TO BANKRUPT COAL INDUSTRY

Posted: November 3, 2008 by April Watkins in Breaking News, Current Events, Our Government, Politics
Tags: , , ,

The Drudge Report has just posted a blurb that quotes Obama stating he will “bankrupt the coal industry.” 

Coal officials have said that coal supports 49% of America’s electric power supply.  Any plans to interupt the production of coal or the use of coal for energy will have a catastrophic effect on America. 

With such an unbelievable statement, one wonders if this is the start of a plan to nationalize the energy industry?

Obama’s plan for achieving a quick start to clean up the environment is to penalize with huge fines all companies that emit greenhouse gas from coal burning.  The West Virginia Record cites Senator Obama, “I was the first to call for a 100 percent auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter,” Obama continued. “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.”

For more information click on The West Virginia Record or WSAZ.com for the video of Obama’s interview.

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Comments
  1. sfokc6125 says:

    Homeland Security is hoping for McCain to win. I have proof of that .
    If you are in the coal mining bizz then vote McCain because Obama has you in his sights to shut you down. PA needs to remember what happened when the steel plant shut down. How many ghost town will Obamas make. If it wasnt for company’s like Phoenix Glass that part of PA would have gone out . You dont kill jobs ,You dont raise taxes and spend more on a weak dollar. YOU CUT TAXES YOU SPEND LESS AND YOU KEEP AMERICANS WORKING.

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