Posts Tagged ‘electricity’

Electricity Rates WILL Skyrocket: Obama EPA Regulations To Cost Coal Industry Extra $180 BILLION

June 11, 2011

Gateway Pundit came up with this further proof that Barack Obama truly is the worst president to ever occupy the White House.

For the record, nearly HALF of America’s electricity comes from coal.

Obama’s EPA Regulations Will Cost Coal Industry $180 Billion & Cause Electricity Rates to Skyrocket
Posted by Jim Hoft on Wednesday, June 8, 2011, 8:03 PM

Worst. President. Ever.
In January 2008 Barack Obama told the San Francisco Chronicle:

“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”

He promised that his plan would cause electricity rates to  skyrocket.

He wasn’t kidding.
In January the Obama Administration, for the first time ever, blocked an already approved bid to build one of the largest mountaintop removal coal mines in Appalachian history.

And, on Wednesday it was reported that Obama’s energy plans will cause electricity rates to necessarily skyrocket…
Just as he promised.
Via US News and World Reports:

Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.

Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.

“Many of these severe impacts would hit families living in states already facing serious economic challenges,” said Steve Miller, president of the American Coalition for Clean Coal Electricity. “Because of these impacts, EPA should make major changes to the proposed regulations before they are finalized,” he said.

The EPA, however, tells Whispers that the hit the industry will suffer is worth the health benefits.

For the record… For every green job created by the Obama EPA, four jobs are lost in the economy.

This man is out to “fundamentally transform” America in a way that will fundamentally destroy America.

And he’s out to hurt ordinary Americans and make their children suffer.

Who do you think is ultimately going to pay this $180 billion TAX that Obama is imposing?  If you guessed “the poor bastard customers” you win the prize.  If you guessed anybody else, then you’re frankly too stupid to vote or reproduce.  Please terminate your voter registration and then go sterilize yourself.

The next question is just as simple: if you make energy prices skyrocket on businesses, are they going to be in a position to create more jobs?  If you think businesses are more likely to create jobs facing such gigantic price-hikes on their energy, I hope that you have already been spayed or neutered.  Because you are simply unreal stupid.  And this kind of dumb has got to end if this country is going to make it to the next generation.

If that isn’t enough, liberals are actually pushing a $1.00 a gallon tax on gasoline to force Americans to purchase the electric cars that Obama imposed on GM after Obama fired the GM CEO and after screwing GM bondholders in order to illegitimately give the company to unions.  It was Obama’s corporatist-fascist (see also here) mouthpiece pushing a huge gas tax to force Obama’s crappy electric clown cars on people who would never want it unless Big Brother made them buy it.

After screwing the legitimate owners of GM, Obama imposed a $16 billion loss for the American people.  But it’s only your money – and your money rewarded Obama’s union cronies who will of course return the favor to Obama with more of your dollars.  In the case of Chrysler, Obama demonized and threatened bondholders, with the result that he practically gave Chrysler away to a foreign company (Fiat).  And actually took credit for all of this as though it were a good thing!!!

Meanwhile, Obama is granting so few new permits for new oil drilling it is positively unreal, which will only make America more dependent on foreign oil and only make that heating oil and gasoline more and more expensive for us both now and down the line.

We now know what “hope and change” looks like: it looks like the American people freezing in the dark at night in the winter and sweltering in the dark at night in the summer, while all the while subsidizing huge write-offs to incentivize the purchase of electric clown cars.

Obama Hope N’ Change Now Means No Food, No Fuel And No Roof Over Your Head

April 29, 2011

Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!” (Revelation 6:6).

Messiah Obama wisely understands that we need sky high energy prices to force us to abandon lifestyles that are bad for the world.  That way he can keep the promise he made to the earth: “this was the moment when the rise of the oceans began to slow and our planet began to heal.”  The earth is much bigger than your little children, so Obama can break his competing promises to you and your family.  In fact, your evil if you want him to keep his promises that would prevent him from his messianic duties of healing the whole world.

A gallon of gas was $1.79 when Obama took over from that terrible George Bush.  Unfortunately, it has gone up about 110% under Obama, to $3.88 this week.  Damn that Bush devil!  Can you believe the way he actually wanted to keep the cost of our energy low, so people could do awful stuff like drive to work?  The half of us who sponge off the other half don’t need work, so why should the half we sponge off of?

The United States has more coal than anyone else on the planet by far and away, and half of our nation’s electricity comes from coal.  But America is evil if it uses coal.  Let China build a new coal-fired electricity plant every single week and overtake our economy.  They’ll be bad and our poor, destitute starving children will be good.  That’s why Obama promised liberal San Franciscans, “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.”  HERES the system any enlighted American would clearly want: “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”  It won’t matter how many Americans die in abject poverty; Obama is just what we needed.

China will overtake the U.S. economy by 2016, they’re saying now.  What’s that, you ask?  They were saying China wouldn’t overtake us until 2018 just a few months ago?  You don’t seem to understand the meaning of the words “funamentally transform” very well, do you?  But they’ll be bad, because they’ll be burning all that oil and coal and we won’t be.  That makes us better.  And so what if we have to freeze in the dark?

And the messiah to the world also knows that if you can afford gasoline, you might be so selfish as to actually drive.  And evil working poor people usually can’t buy expensive and impractical electric cars, so he must force them by making it hurt for them to drive.  That’s why he appointed an energy secretary who has been trying to“figure out how to boost the price of gasoline to the levels in Europe.” .  And of course when gas is $9 a gallon in Germany, Obama has a long way to go to bring Europe to America.  The only tragedy of soaring gas prices, of course, is that Americans might actually hold Obama responsible.  That’s why he answered the question, “Could the high gas prices help us?” by saying, “I think I would have preferred a gradual adjustment.”

We already voted for the “hope and change” of $9 a gallon gas in the wonderful fundamentally transformative election of 2008.  And how dare people get angry about that now!!!

Because Obama in his blessed wisdom knows that most Americans are far, far too stupid to understand anything that happens gradually, such as gas rising to the $8 a gallon levels like they are in Europe.  And it doesn’t really matter how much the American people suffer.  Not compared to healing earth and lowering the seas like Moses.  Obama will be better than Moses; he’ll make the level of the whole ocean change!!!!

And then there are the large families that can’t fit all their kids into an electric car or a hybrid anyway.  Obama is right: they should like kill the extra children or something.  Because children should die so the earth can be happier.

And food?  So what if the price of food is going through the roof?  Michelle Obama will tell you that you’re too fat anyway.  You need to lose a whole lot of weight, and her husband’s policies will give you the help you need.  You shouldn’t be allowed to eat half as much food as you eat, anyway.  They don’t get to eat in North Korea, and it’s a socialist worker’s Utopia.  So why should it be any different in the worker’s Utopia your Dear Leader is trying to create for you here?  North Koreans are 5.3 inches (13.5 cm) shorter and 30 pounds (13.5 kg) lighter than those fat overfed capitalist South Korean bastards.  And American kids should be as short and gaunt as their fellow socialist travellers.

Michelle said of his worshipfulness: “Barack Obama will require you to work. He is going to demand that you shed your cynicism. That you put down your divisions. That you come out of your isolation, that you move out of your comfort zones. That you push yourselves to be better. And that you engage. Barack will never allow you to go back to your lives as usual, uninvolved, uninformed.”  Or full.  Either your stomach or your gas tank.  And I couldn’t agree more.  As we socialists have said in the past, “Arbeit macht frei.”  And just what kind of a bad person are you for not being grateful to him?

I sure hope I’m not putting too much crap in the sandwich I’m feeding you.  Because excrement is a precious commodity in North Korea.  And it should be just as precious here.

But just in case you think the hope and change of Obama’s fundamental transformation is already more than you can bear, it gets even better.  The cost of having a roof over your head is skyrocketing, too.  Which might help you not worry so much about the price of food and the price of fuel.

Renters spending bigger chunk of income on housing
Study says supply of affordable housing has shrunk along with incomes.
Posted by Teresa at MSN Real Estate on Wednesday, April 27, 2011 12:48 PM

Record numbers of Americans are paying more than half of their pretax income for rental housing, according to a new study.

The study, by the Harvard University Joint Center for Housing Studies, found that the recession’s toll on incomes had increased more families’ housing-cost burdens. Almost 26% of renters spend more than half of their income on rent and utilities. Another 26.2% spend 30% to 50% of their incomes.

The study’s findings are similar to the findings of the Center for Housing Policy, which found that working families, both renters and homeowners, were spending a larger proportion of their income on housing. [..]

Lower-income renters have historically struggled to find affordable housing and have paid a disproportionate share of their income in rent. But, according to the study, that problem is moving up the income ladder with more lower-middle-income renters and middle-income renters paying 30% to 50% of their incomes for rent and utilities.  […]

Here’s how The Washington Post summarizes the situation:

The study offers the latest in a series of grim statistics about the scarcity of rental housing, especially for the working poor. The supply has not kept up with demand in part because of a shortage of apartments, a key source of new rentals. Developers cut back on such projects when the economy deteriorated in 2009, which drove down vacancies and boosted rents. Analysts say they expect rents to keep climbing as developers try to ramp up new projects and catch up with demand.

In many areas, the demand is driven by families who lost their homes to foreclosure during the housing bust and ended up searching for rentals. Meanwhile, as the job market recovers, more newly employed young adults appear to be seeking their own apartments instead of living with their parents, putting even more upward pressure on rental rates, according to one of the study’s researchers.

But don’t worry.  Pretty soon, thanks to Obama’s financial policies, you’ll have cash.  Lots and lots of cash.  Wheelbarrows full of it, in fact.

The decline of the U.S. dollar is accelerating rapidly.

Here are a couple of videos worth watching about the exciting fundamentally transformative changes you can hope for coming your way soon!

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Hope ‘n Change Coming To Fruition: Cost Of EVERYTHING About To Go Up

February 23, 2011

Give ’em hell, Obama, you son of hell.

The people voted for God Damn America and it’s time they got their God Damned America.  And the bill for it:

Cost of…everything…about to go up
Updated: Feb 21, 2011 4:02 PM PST

CHARLOTTE, NC (WBTV) – You paid more last month for practically everything you bought.

From food to gas to airfare tickets – even clothing.

And now the price of everything is about to go up again.

A new report from The Labor Department indicates its concern about inflation, and businesses are claiming they can’t absorb the rising cost of commodities alone. Many say they’ll have no choice but to raise prices and shrink packages. Frustrating stuff for an economy that’s supposed to be recovering.

“Things are just not going well,” says Charlotte resident Lisa Bettinghouse. “You have to eat, but you can only have what you can afford, and now it’s getting scary.”

Bettinghouse needs a plan. She’ll be asking herself tough questions, and so should you.

What things should you stock up on now?

What things can you do without?

Take bottled water. Every time you purchase one of these, you already pay a 4,000% markup. Time to reevaluate your tap.

And you should also rethink fruits and vegetables. Right now many stores fly them in, and with the price of fuel, well, you know how expensive they already are.

Charlotte resident Jonathan Weber says he’ll fight the rising costs by sticking to one rule: buy local.

“Local food is important,” Weber says, “because when you consider the transport cost of importing food from Mexico or bringing it across country from California that really is sort of a hidden cost.”

There are a spattering of farmers markets around town, and this summer, thirty local food vendors will move in to the old Reid’s spot uptown.

And when it comes to combating costs, don’t forget about another product of our times – all those money-saving coupon sites.

And if you had half a wit, you would have seen this hell coming long before you vote for this moral idiot.

The headlines now –

Crisis in Libya Raises Fears of Skyrocketing Oil Prices Causing Pain at the Pump

– match what Obama was saying his policy was all along.

Obama has said that higher prices for oil are good.  He just wanted to spread out the pain over a longer period of time.

Obama’s appointments reflect his determination to drive up oil prices and therefore force the American people against their will to embrace his radical leftist energy agenda.  Take Obama’s Secretary of Energy Steven Chu, who has stated on the record that he wanted tofigure out how to boost the price of gasoline to the levels in Europe.”  And at the time gasoline prices were close to $8 a gallon.

Electicity?  He was perfectly fine if the cost of electricity skyrocketed.  In fact he said under his policies prices would “necessarily skyrocket.”

These people are getting exactly what they want.  And by “exactly what they want,” I mean the destruction of the American economy so a purely socialist system can be erected in the ashes.

I think of North Korea and Kim Jong Il.  I think of a country that is literally starving due to a leftwing socialist’s policies.  I have said:

Since Obama was elected, I’ve been saying that a third of American voters would continue to support Obama even if he led us into the stone-age-like conditions that Kim Il Jong has led his people into.  We could be living in the dark and freezing at night, and scratching our own fecal matter from the ground in order to have something to burn, and this group of people would still adore their Dear Leader.

The media propaganda and “the state” are so behind Kim Jong Il that even as people starve to death and die, they thank their lucky stars for their “Dear Leader.”  The tiny, emaciated people hang pictures of him in their homes and even literally worship him.  And then I think of Obama, the mainstream media and the government unions.

You voted for our Manchurian candidate.  Now you’ve got the hell you voted for.  You got food that’s twice as expensive but packaged in smaller containers to fool Democrats and other total idiots.

Now, you can either believe Obama’s lies even as he continues to blame everybody but himself for going on three years of abject failure and worsening conditions, or you can join the growing numbers who want this clown and his Democrat party of clowns out of our lives.

Rabid Arizona Boycotters Continue To Be Boycotted – Blame Obama For The Whole Mess

May 22, 2010

Remember how Obama promised to transcend the political divide and reach out to “move beyond the divisive politics”?

Well, he lied.

Instead we have the most divisive and polarizing president in American history, a man who fearmongers, demagogues, and demonizes without regard for the truth.

Obama deceitfully and maliciously told a story of fathers being deported just for taking their children to get ice cream.  The fact of the matter is that there is absolutely nothing whatsoever in the Arizona immigration law that would produce anything like the fearmongering scenarios our Demagogue-in-chief claims.  And I defy anyone to actually cite the bills as proof of any such argument.

If you really want to go after a bigoted racist on immigration policy, why don’t you go after Barack Obama, Nancy Pelosi, Harry Reid, and the Democrat Congress?  Because they’re running the federal government, and it is simply a fact that the federal law is FAR more “racist” than the Arizona law.

And, of course, Democrats gave a standing ovation to the President of Mexico, whose immigration laws protecting Mexico from Central American illegal immigrants are about as hard-core as it gets.

But none of that matters.  Not to Obama, and not to Demon-crats.  They’re liars and demagogues, and what else do you expect liars and demagogues to do if not lie and demagogue???

So, in the bipartisan, non-ideological, and transcendent world of Barack Obama, American cities boycott one another in a move to start an economic war that will bring the country crashing down.

The silver lining to it – if there IS one – is that the boycott appears to be hurting the cities of the rabid little liberal rodents even more than it’s hurting Arizona:

Boycott Backlash: Some stay out of city
Growing number vow not to do business in Austin
Friday, 21 May 2010

AUSTIN (KXAN) – The city council’s decision to boycott travel to Arizona is resulting in organizations and individuals boycotting the city of Austin in protest.

A growing number of political organizations, including the Odessa and Burleson Tea Parties, have decided not to do business with the city of Austin until the council rescinds the Arizona boycott they passed a few weeks ago.

“We will try to minimize what the city gets from our stay there,” said Hood county Republican Party Chairman Randy Shelton. “We will not stay in hotels inside the city of Austin and we will not ride the city transit.”

Shelton says they will continue to support Austin businesses but try to prevent any dollars from going towards city revenue. Other boycotts are more extreme.

A search online showed many more individuals vowing not to do business in Austin, including one poster who says they will cancel hotel reservations and a Leander resident who says they will skip having lunch inside Austin city limits.

The boycott apparently is already being felt according to the Austin Hotel and Lodging Association who sent KXAN this statement:

“The AHLA is not a political association and does not in any way support travel boycotts of any kind. Hotels in Austin are now beginning to experience concrete evidence from the many visitors now canceling their leisure or business plans to Austin.”

KXAN was told some of the cancellations include riders who normally take part in the Republic of Texas Rally.

All I can say, residents of Austin, is that you should have thought about this before you elected a bunch of leftwing ideologue loons to your city council.

I wrote an earlier article about San Diego reeling from counter-boycotts by pissed-off Arizonans.  Let San Diego’s tourism industry blow up in flames because Democrats are vile and intolerant people who just have to spread their hate around with boycotts against innocent and decent Arizonans who are just trying to deal with an impossible wave of illegal immigration and the crises created by illegal immigration.

And I frankly hope that Los Angeles is honest enough to cut off a full 25% of their electricity which is produced by Arizona.  And Arizona may help Los Angeles find their missing integrity by cutting off the electricity it supplies.  You want a boycott?  Let’s have at it.  Wonder how many Los Angelinos will die sweltering in the heat without air conditioning this summer as a result of their own city council’s stupid and immoral boycott?

This is all Barack Obama’s fault.  He’s the demagogue who started this.  He’s the one who has set us at one anothers’ throats with his fearmongering and his lies.  Thanks to him, we don’t have to worry about al Qaeda, or Iran, or North Korea; now we’ve got to worry about Los Angeles and Austin and a whole bunch of other cities starting an endless war of mutually assured economic destruction with the people of Arizona.

Maybe one of Obama’s top officials will finally actually bother to read the ten page law they’ve been demonizing.  None of them have so far.  The reason none of them have is because they don’t want to have to be held accountable to the truth.

Obama Stimulus Robin Hood In Reverse: Poor Get Poorer

May 13, 2009

Remember that woman at one of Obama’s rallies saying Obama was going to pay her mortgage and fill her gas tank?  No, he won’t.

Remember that woman who beseeched Obama to give her a kitchen? After a momentary freebie, she’s still on the down and outs, too.

“Little people” believe Obama is the ticket to “finally getting their slice of the pie.”  But that is only because they are naive and frankly ignorant.

The reality is that Obama will take from the haves and piss it away rather than perform the usual Robin Hood function.  Just like all the liberals promising their liberal utopias before him.  And the poor will actually end up worse off rather than better off as the overall economy shrinks due to Obama’s policies.

Newsflash: the poor will remain poor under Obama’s stimulus giveaways.

STIMULUS WATCH: Jobs, but not where needed most

By MATT APUZZO and BRETT J. BLACKLEDGE, Associated Press Writers

WASHINGTON – The billions in transportation stimulus dollars that President Barack Obama promoted as a way to create jobs shortchange counties that need the work the most, an Associated Press analysis has found.

The AP’s review of more than 5,500 planned transportation projects nationwide is the most complete picture available of where states plan to spend the first wave of highway money. It reveals that states are planning to spend 50 percent more per person in areas with the lowest unemployment than in communities with the highest. The Transportation Department said it will attempt to replicate the AP’s analysis as it continues pressing states to dole out money fairly.

One result among many: Elk County, Pa., isn’t receiving any road money despite its 13.8 percent unemployment rate. Yet the military and college community of Riley County, Kan., with 3.4 percent unemployment, will benefit from about $56 million to build a highway, improve an intersection and restore a historic farmhouse.[…]

The AP reviewed $18.9 billion in projects. They account for about half of the money set aside for states and local governments to spend on roads, bridges and infrastructure in the stimulus plan.

The very promise that Obama made, to spend money quickly and create jobs, is locking out many struggling communities needing those jobs.

The money goes to projects ready to start. But many struggling communities don’t have projects waiting. They couldn’t afford the millions of dollars for preparation and plans that often is required.

“It’s not fair,” said Martin Schuller, the borough manager in the Elk County seat of Ridgway, who commiserates about the inequity in highway aid with colleagues in nearby towns. “It’s a joke because we’re not going to get it, because we don’t have any projects ready to go.”

I seem to recall hearing the Republicans – who were completely locked out of the $3.27 trillion Obama stimulus plan – predicting that this spending plan wouldn’t stimulate anything but the size of an already-bloated federal government.  And lo and behold: Obama promised Caterpillar his stimulus would save the day for them, but it hasn’t done squat for them; and state after state is saying the stimulus package hasn’t helped them.  Oh, well: what’s a few trillion dollars wasted?

Quote: “The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion.”  That’ $42,105 for every single man, woman and child in the U.S.  Where’s your $42,105 slice of the pie?  I know I haven’t seen mine yet.  And I’m not going to hold my breath that I ever will.

Obama is promising a “tax cut” for 95% of Americans (which actually just means more welfare for the 43.4 percent who already don’t pay any federal income tax at all) at the expense of taxing the bejeezus out of the wealthiest five percent (including a great many small business that employ most of our workers who file as individuals).  But how much is Obama going to actually put in your pockets?  Answer: Nada.  Nothing.  Zilch.  And a lot of poor and middle-class workers are going to wake up very surprised one day as they find out that “taxing the rich” cost them their jobs.

You’re going to be paying more for your electricity.  A lot more.  In fact, Obama promised that “electricity rates would necessarily skyrocket” under his energy plan.

You’re going to be paying a lot more for your next car.  Again, a lot more.  As auto analyst Rebecca Lindland put it, “The consumer needs to understand that they will see significant increases in the cost of vehicles.”  As much as $10,000 more, in fact.  You’ve got Obama now.  And soon you’ll have a bus pass to go along with him.

If you’d like to keep your own health care benefits, you’ll be paying taxes on them under Obama’s new plans.  In a dramatic reversal from his campaign position, Obama is now “open” to taxing health benefits in order to gin up money for his socialized system.

And you WILL be paying more in taxes, whether you’re smart enough to realize it or not.  The average 30 year old will pay $136,932.75 just for the interest of just Obama’s 2010 budget over the course of his or her working lifetime.  Obama’s massive budgets are stratospheric even in spite of the fact that he keeps lying about it.  Obama’s $3.6 trillion 2009 budget adds more to the debt than all previous presidents – from George Washington to Goerge W. Bush – combined, according to the Wall Street Journal‘s Michael Boskin.  And that was BEFORE Obama raised his current budget deficit by another $89 billion.  That means the budget red ink will top $1.8 trillion – more than FOUR TIMES the record set by Bush last year.  That means the US will borrow nearly 50 cents out of every dollar it spends.

And you think someone else is going to continue to pay for all of that?  When we could literally confiscate all the wealth of the richest 5% and STILL NOT scratch the surface of all the debt we are accumulating?

In 2008 we spent $412 billion to service the $11 trillion national debt.  That figure will easily double over the next ten years, dwarfing everything else in the federal budget.  Obama’s spending will add $9.3 trillion to the national debt, nearly doubling it.  Obama’s spending will cause debt to double from 41% of GDP in 2008 to a crushing 82% of GDP in 2019.

You may be like the women who believed that Obama would pay their mortgages, fill their gas tanks, and give them new kitchens.  But you seriously need to realize something: what Obama is far more likely to give you is food riots by 2012.

Obama Says He’ll Bankrupt Coal Plants, Wipe Out Half Our Electricity

November 3, 2008

I hope they find out about this in the following states before they make the biggest mistake of their lives: Montana, Illinois, Wyoming, West Virginia, Kentucky, Pennsylvania, Ohio, Colorado, Texas, Indiana.  Those are the ten states that collectively produce about 90% of our coal.  They should really know that Obama wants to drive a key national industry into decline and then extinction:

“So, if somebody wants to build a coal 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.”

Here’s the video link and here’s the transcript of the entire remark:

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 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.

You need to understand something: the United States is the Saudi Arabia of coal.  This fossil fuel is an incredibly powerful resource for our energy independence.  Why on earth would we abandon it?

U.S. coal reserves contain 12 times as much energy as all the oil in Saudi Arabia! A brief look at some numbers explains why coal is the country’s most abundant and important energy resource.

According to the United States Geological Survey, we have 1.7 trillion tons of identified coal resources — coal for which geological evidence and engineering studies provide reliable information about location, rank, quality, and quantity. (Geologists recognize that more coal deposits are likely to be discovered in the future, so they estimate total coal resources could amount to 4 trillion tons.)

Ed Morissey has this to say:

Yesterday, we looked at Obama’s notions of government sending “price signals” to change behavior that it finds objectionable, especially on energy.  This is the way Obama intends to do it.  Coal provides 49% of domestic electrical power, and any rise in the cost of producing that energy will raise its cost to consumers and reduce the amount produced.

This comes as no great shock, pun intended.  Obama already called for a 15% reduction in demand for electricity — at the same time he and his allies want transportation to switch from gasoline to electricity.  Obama never explained this particular contradiction.  How does one switch tens of millions of vehicles from gasoline to electricity while not Increasing demand, let alone by cutting it 15%?  And when trying to break free from a recession, the nation will need greater production in energy, not a reduction.

As Wikipedia points out:

Coal fired power plants provide 49% of consumed electricity in the United States.

Obama frankly admitted that electricity rates would necessarily skyrocket under his plan (audio here):

The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, “This is really important,” and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

It is frankly amazing that this is just dribbling out now, when it should have been known for months.  The media has refused to investigate Obama, and there are far too many frightening things we just don’t know even on the eve of the election.  Barack Obama has a dangerous policy that is based far more on naked ideology than on commonsense economics.

Global warming is largely an ideology masquerading as legitimate science.  As though God himself were calling global warming alarmist “idiots,” the first October snowfall since 1922 blanketed London as it hosted a global warming debate.  This kind of massive contradiction goes on all the time, but global warming ideologues ignore the facts and focus only on their theory and the political and economic redistributionism they hope to force upon the world.

The science is actually amazingly clear on global warming; it is primarily a cyclical climatic phenomenon that occurs about every 1,500 years.  But there is a systematic effort on the part of scientists and journalists to stifle the evidence, intimidate those who try to reveal the truth, and, and engage in scientific fraud in order to perpetuate a profoundly flawed theory.

Bankrupting vital job-intensive industries that provide enormous energy resources is hardly a reasonable approach.  Sending electricity rates skyrocketing is hardly a reasonable approach.  But that is what Barack Obama has clearly said he intends to do to groups that WANT those things to happen because they care more about greenhouse gasses than human lives.  Barack Obama delivered this remark to the same sort of San Fransisco elites to whom he delivered his (in)famous line:

“And it’s not surprising then they get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.”

And the same sort of San Fransisco pseudo-intellectual and ideological elites who nodded over the one discourse nodded over the other.

You can’t trust Barack Obama; he is dangerous.  “Over 70% of CEOs fear an Obama presidency will be a disaster.”  Wall Street is terrified of an Obama presidency.  And you should fear an Obama presidency, too.  You should be terrfied of an Obama presidency, also.