Obama:Bankrupt Coal;Artificially High Oil;40% Increase Minimum Wage;Tax 80% Small Business Profits

Politically Drunk - PDOP ^ | 11/03/2008 | J Brown

[Jabrown]

With just one day until the election, the real world effects of Barack Obama's economic and energy plans have 'come home to roost'.

Consider this...

[johnny7]

[MaineConservative]

Obama's wants us to heat our homes and cook our meals with what his brother -- the one in the hut in Kenya, living on a Dollar a month -- to use. DUNG!!

Sorry I'll use COAL, Obama!!

[Ernest_at_the_Beach]

LOL!

[Ernest_at_the_Beach]

A nice summary from the Web Site:

***************************EXCERPT***************************

Onto Energy...

Remember just one month ago...when Senator Biden stated that Obama was opposed to clean coal?? Obama immediately came forth and stated that Biden was wrong and that he supports the coal industry as a vital part of our nation's economy.

Yet, yesterday audio recordings of Senator Obama in an interview with the San Fransisco Chronicle surfaced in which he stated, "If somebody wants to build a coal power 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."

That interview took place in January of this year, just 10 short months ago. The interview supports Senator Biden's assessment and supports what Obama's opposition has claimed for months. Under the Obama Energy Plan, US coal production will fall as production expenses and taxes increase to a point that the business is no longer viable.

Moreover, Senator Obama continues to lambaste oil companies, calling for a Windfall Profits Tax to pay for his energy proposals. The problem however is that Obama's WPT is not based upon actual profits, it is based upon the gross cost of a barrel of oil. Under Obama's plan the government would impose a steep tax on any barrel of oil that is traded at a cost above $80 per barrel. Yet, today the cost of a barrel of oil is well below $80 per barrel. As a result, Obama's own energy proposals no longer have any funding. So what now?

Since Senator Obama is still discussing the tax, you can only assume one of two things must occur. One, an Obama administration would work to artificially inflate prices to a point well above $80 per barrel. The public would be forced to pay higher prices, domestic production would fall, but the government could collect their valuable taxes. Or... Obama will simply lower his target price, imposing the massive tax on on barrels trading for far below $80 per barrel. Again the result would be a mass exodus of domestic production and a destruction of oil company profits that would endanger the entire industry. Either way, the result will not be good for our economy.

With just one day left until this election, the American people need to wake up.

[SunkenCiv]

thanks Ernest_at_the_Beach.

Video Of Obama Saying He Will Bankrupt Coal Companies
(Please Ask Drudge To Link!!!)
Hillary Clinton Forum | November 3, 2008 | xyndau
Posted on 11/03/2008 7:12:24 AM PST by igoramus08
http://www.freerepublic.com/focus/f-news/2123507/posts

Sarah Palin comments on Obama’s Bankrupting Coal Industry
at Marietta OH Rally today...
C-SPAN
Posted on 11/02/2008 12:35:57 PM PST by DocT111
http://www.freerepublic.com/focus/f-news/2122766/posts

[avenirbyard]

The coal industry praises Obama’s reintroduction, with Sen. Jim Bunning (R-Ky.), of the Coal-to-Liquid Fuel Promotion Act of 2007 last week, which would provide incentives for research and plant construction.

For more information visit: http://www.lincenergy.us