Cap and Trade Off Another Industry

CT

I am positive I am not going to be the first to run this or the last. This is an interesting video and excerpt taken from News Busters. Seems Obama gave an interview to the San Francisco Chronicle back in January of 2008 concerning his green agenda and cap and trade requirements for coal plants.

Excerpt from Obama's interview with the Chronicle (Jan 2008).

Let me sort of describe my overall policy.

What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases 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 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.

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 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 (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

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

It's just that it will bankrupt them.

Obama has referenced using a scalpel on the economy, well this is tantamount to using an ax on the coal industry's head. Government regulation should be used as a tool to guide industries into how you want business done, not a battering ram for your philosophy on Green tech and Gorebull Warming.

If they were smart they would start tapping into the coal and shale industries for use until the Green tech can be developed. Plus incentives to these industries would also provide them motivation to speed up R&D for clean coal technology and its implementation. But alas all the Far Left understands is fear and intimidation.

Conservation and a clean environment are just common sense. We should be good stewards of the Earth, but we also have a responsibility to ourselves. Phased planning for renewable energy sources and cleaner modes of production for other industries is a must. But, you cannot successfully push all this "change" through at once and expect it to work, especially when the tech is at best version 2.0. You will further destroy the economy and harming the people you have pledged to protect.

Here is the vid if you are interested, via YouTube: