Darth Omar
Russian asset
“If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”
Of course, cap and trade is long dead. But coal-fired power plants are powering down nationwide, and they are blaming the Obama Environmental Protection Agency. The president’s critics say proposed greenhouse gas regulations for future power plants are designed to cripple the coal industry.
And just like with another 2008 quote — Energy Secretary Steven Chu’s famed call to “figure out how to boost the price of gasoline to the levels in Europe” — Republicans say the Chronicle clip shows what’s really in the president’s heart, that high electricity prices and the death of coal have always been Obama’s goal.
http://www.politico.com/story/2012/04/uttered-in-2008-still-haunting-obama-in-2012-074892
___________
Thanks to the natural gas boom Obama failed to deliver on this campaign promise. But suppose he had succeeded. Electric bills would skyrocket [there's no better metaphor] because without the fracking boom there would have been no cheap alternative to coal. Gasoline prices were also kept down due to the fracking boom or we'd be paying $4+/gallon or more. And instead of trying to help consumers, the administration would be doing just the opposite.
Let that sink in.
The middle class and the poor would be the ones affected worst by that. An already sluggish economy would be still be in a deep recession with no hope of pulling out of it. As it turned out, the only victims were people in the coal industry---and they saw it coming. I don't know that Obama carried a single coal producing state. I do know WV turned him down twice and Crooked Hillary stands a snowball's chance in hell of carrying it.
I'm glad he failed.
Of course, cap and trade is long dead. But coal-fired power plants are powering down nationwide, and they are blaming the Obama Environmental Protection Agency. The president’s critics say proposed greenhouse gas regulations for future power plants are designed to cripple the coal industry.
And just like with another 2008 quote — Energy Secretary Steven Chu’s famed call to “figure out how to boost the price of gasoline to the levels in Europe” — Republicans say the Chronicle clip shows what’s really in the president’s heart, that high electricity prices and the death of coal have always been Obama’s goal.
http://www.politico.com/story/2012/04/uttered-in-2008-still-haunting-obama-in-2012-074892
___________
Thanks to the natural gas boom Obama failed to deliver on this campaign promise. But suppose he had succeeded. Electric bills would skyrocket [there's no better metaphor] because without the fracking boom there would have been no cheap alternative to coal. Gasoline prices were also kept down due to the fracking boom or we'd be paying $4+/gallon or more. And instead of trying to help consumers, the administration would be doing just the opposite.
Let that sink in.
The middle class and the poor would be the ones affected worst by that. An already sluggish economy would be still be in a deep recession with no hope of pulling out of it. As it turned out, the only victims were people in the coal industry---and they saw it coming. I don't know that Obama carried a single coal producing state. I do know WV turned him down twice and Crooked Hillary stands a snowball's chance in hell of carrying it.
I'm glad he failed.
