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| Obama tells San Francisco he will bankrupt the coal industry
I wonder what effect this video will have for people in coal producing states who's livelihoods depends on it? Not to mention the effect of higher electric rates for everyone who relies on coal to produce their electricity. I fall into that catagory and I pay very high rates as it is right now. Can you imagine the price of oil/gas with no domestic coal production to heat our homes and run our factories? We will be at the mercy of OPEC countries no doubt. YouTube - SHOCK Audio Unearthed OBAMA TELLS SAN FRANCISCO HE WILL BANKRUPT THE COAL INDUSTRY |
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In Obama's own words: "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 emitting those greenhouse gasses." That clearly sounds like he is aware that his plan will definitely hurt the industry as well as the employees of those plants. Until we find alternative sources of energy, he has no business penalizing them that harshly. His plan is to penalize them monetarily and then in turn use those penalty funds to research alternative energy sources. That's cutting off your nose to spite your face and it's a fundamentally stupid idea that hurts industry and hard working Americans. But that's ok, I guess.
__________________ Proud Wife of an Army Soldier and proud mother of an Army MP currently serving in Iraq. "To any critics who say a woman can't think and work and carry a baby at the same time, I'd just like to escort that Neanderthal back to the cave." - Sarah Palin |
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What he said was that it would bankrupt a company to build a coal plant. It won't affect existing plants. When we switch to wind and solar, it likely will affect coal plants and their ability to compete with clean energy. I feel no nostalgia for the smoke, the mercury in our fish, or the mine cave ins. |
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![]() Btw. . .if we really want clean renewable energy we would be building nuclear plants. . . .but that is not very politically correct.
__________________ "No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?" - George Orwell Animal Farm |
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By failing to anticipate the end of cheap oil, car manufactures have a rough road ahead of them. Most American cars aren't built here anyway. It's why I drive a Honda. We have no alternative to airplanes at the moment. An investment in high speed rail would be worthwhile. And, yes, we certainly do need clean air and water. |
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Actually, I ran across the full speech and these quotes were taken out of context: "Barack Obama: I voted against the Clear Skies Bill. In fact, I was the deciding vote. Despite the fact that I’m a coal state. And that half my state thought that I had thoroughly betrayed them. Because I think clean air is critical and global warming is critical. But this notion of no coal, I think, is an illusion. Because the fact of the matter is is that right now we are getting a lot of our energy from coal. And China is building a coal-powered plant once a week. So what we have to do then is figure out how can we use coal without emitting greenhouse gases and carbon. And how can we sequester that carbon and capture it. If we can’t, then we’re gonna still be working on alternatives. But...let me sort of describe my overall policy. What I’ve said is that we would put a cap and trade policy in place that is as aggressive if not more aggressive than anyone out there. I was the first call for 100% auction on the cap and trade system. Which means that every unit of carbon or greenhouse gases that was 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 are being built, they would have to meet the rigors of that market. And the ratcheted down caps that are 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 that 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. That I think is the right approach. The same with respect to nuclear. Right now, we don’t know how to store nuclear waste wisely and we don’t know how to deal with some of the safety issues that remain. And so it’s wildly expensive to pursue nuclear energy. But I tell you what, if we could figure out how to store it safely, then I think most of us would say that might be a pretty good deal. The point is, if we set rigorous standards for the allowable emissions, then we can allow the market to determine and technology and entrepreneurs to pursue, what the best approach is to take, as opposed to us saying at the outset, here are the winners that we’re picking and maybe we pick wrong and maybe we pick right." Ben Smith's Blog: Bankrupting coal? - Politico.com |
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Obama quote at 12:58pm - "I am a Christian, not a Muslim." Newsmax quote at 1pm - Obama says "I am ... a Muslim." (ellipsis optional - depends on the author) MC chatter at 1:01pm -- I read Obama said "I am a Muslim" - what do you think? |
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__________________ "No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?" - George Orwell Animal Farm |
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Obama Called Out for Comments about Bankrupting Coal Industry If that isnt what he said, the what did he say?????????? He is saying he will tax them so much they will go bankrupt....How hard is that to understand...You all dont even believe direct quotes made from the man????? Sherri
__________________ "It isn't that liberals are ignorant, it's just that they know so much that isn't so." - Ronald Reagan |
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"Q.12: More than 100 new coal fired power plants are being planned in the United States. It is important that all new investments in power plants and other long-lived assets use the most advanced technology available, rather than lock in decades of excessive pollution. To accomplish this, each new plant should be required to capture and safely dispose of its global warming pollution. Would you support legislation that requires each new power plant to capture and safely dispose of its global warming pollution? "I support a national greenhouse gas emission cap and trade regimen that includes responsible emission limits and allows market forces to determine how best to meet them. Such a regimen will provide a decisive economic incentive for power producers to maximize the capture of carbon emissions. Clearly, a utility that builds a new coal plant without factoring in the inevitable curbs on carbon emissions necessary to combat climate change or the market opportunities of limiting such emissions would be doing a disservice both to their customers and stockholders. Accordingly, I believe that new coal plants should be constructed in a manner that is capture-ready, and can accommodate the retrofit of this technology as it advances." Senator John McCain (R) When he says "market forces" and "decisive economic incentive" he is saying the same thing. Sen. Obama in the sound bite is just saying it in a way you can understand. |
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Perhaps you might want to read this about Sen. McCain and his support for Cap and Trade. McCain Pushes 'Cap-And-Trade' Plan to Fight Global Warming |
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| NO thats ok..I feel very comfortable with how I feel about Barry....I think he's the next JIm Jones and people sure are drinking the kool-aid.....Sherri
__________________ "It isn't that liberals are ignorant, it's just that they know so much that isn't so." - Ronald Reagan |
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Yes, that's clearly what he said. Black in white, plain and simple.
__________________ Proud Wife of an Army Soldier and proud mother of an Army MP currently serving in Iraq. "To any critics who say a woman can't think and work and carry a baby at the same time, I'd just like to escort that Neanderthal back to the cave." - Sarah Palin |
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He said: 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. What part of that don't you get?
__________________ "No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?" - George Orwell Animal Farm |
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Neither the Republicans or the Democrats are being completely truthful about everything. It's not like it is just the Republicans. It is called and election. There are always half truths, things out of context, and mudslinging from all sides. It's called politics. Not that it is right and that we love it, but it always happens in an election-both sides. Of course Republicans take things out of context...so do the Democrats. We are all going to see things the way we want to. To say the other party is engaging in these acts , and implying that your party isn't ,is not being realistic. No party is perfect. ![]() Let me make it perfectly clear that I am not commenting on the validity of this particular thread, just this general type of comment from people of both parties. |
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National Mining Association Comments on Senator Obama's Coal Policy. National Mining Association (NMA) President and CEO Hal Quinn today responded to comments Senator Obama reportedly made in a January 17 interview with the San Francisco Chronicle. In response to a question, the senator said his climate change policy would "bankrupt" U.S. coal: "Bankrupting the coal industry would be tantamount to bankrupting the American economy. Coal generates half of our nation’s electricity, employs hundreds of thousands of Americans and provides millions of dollars in revenue to coal states. "Destroying the coal industry would break America’s energy backbone. It would raise the cost of energy for households and businesses throughout the country and create massive job losses. We trust the candidates understand this and do not believe that destroying the coal industry is part of the change we need." National Mining Association |
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