Obama's Mine Shaft

IBD Editorials ^ | November 3, 2008

[Kaslin]

Election '08: Barack Obama's plan to bankrupt anyone building a new coal plant prioritizes global warming myths over U.S. energy independence. It also wields government power punitively and will hurt the economy.

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Speaking to the San Francisco Chronicle on Jan. 17, Barack Obama singled out new coal plant construction for big taxes. The scheme, part of the cap-and-trade energy policy he wants to implement as president, is meant to tax coal producers straight out of business.

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

Isolated gaffe? No. On his own Web site, Obama declares:

"Once we make dirty energy expensive, the second step in my plan is to invest $150 billion over the next decade to ensure the development and deployment of clean, affordable energy."

In other words, Obama's plan is confiscatory taxes to first destroy America's domestic energy producers, and once that bridge is burned, force the U.S. to rely on alternative energies that haven't been developed. The big-government plan might make ideologues happy, but in the real world, it won't work. History shows that centrally planned industries fail, and when there's an energy shortage, the private sector works best when it's left alone.

We aren't just talking Cuba, where the agricultural base was destroyed after Fidel Castro decreed that it would produce only sugar, or Russia, where farms were devastated in the 1930s after collectivization.

[Domangart]

150b for solar wind and hydo. @ five times the cost of nuke power. Play dough man doesn’t say any thing about nuke power.

[Diogenesis]

The O-bomber’s goal is to help Mr.Ayer’s father’s leaky Nuclear plant grow and leak more, enabling a terror takeover of the United States for his 57 Islamic States.

[El Cid]

Thanks SF Chronicle for keeping this Marxist confession bottled up for nearly 10 months. I guess it beats hearing this 2 days after the election vs. 2 days before the election — but it would have been a heckuva lot more responsible for these ‘journalists’ to have reported on this when it occurred so the people could have digested the message. But that's obviously not today's ‘journalist's’ job. They are on a mission to anoint the chosen one — their integrity be damned.

[luv2ndamend]

The MSM must be proud. We have to have UK media do the work of “so called” American media to find out what is going on in the states!

[Huskrrrr]

Obozo closes the mines. We get the shaft.

[Miss Behave]

There used to be a gay bar in NY called “The Mine Shaft.” Not sure if it’s still there.

[pandemoniumreigns]

Mr President...

We must not allow a mine shaft gap!!!

[GailA]

bho's plan to destroy the ag industry

Don't forget about biden's EVIL corn syrup...

evil corn syrup

[FrustratedGOPmember]

He’ll give us the SHAFT (without the coal) Lets stop Obama... and send him back to his birthplace — Kenya!!