Obama Keeping His Campaign Promises

 

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From the RWN (audio included)

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.”

Yes, and today we see that solid economic vision of breaking companies with American workers which causes us to generate $billions ….. somehow.  Today we see the results of his economic stewardship. 

Alpha Natural Resources Closing 8 Coal Mines, Cutting 1,200 Jobs

MORGANTOWN, W.Va. (AP) — Coal producer Alpha Natural Resources said Tuesday it’s cutting production by 16 million tons and eliminating 1,200 jobs companywide, including 400 with the immediate closing of eight mines in Virginia, West Virginia and Pennsylvania.

The mine shutdowns start Tuesday, while the rest of the layoffs will be completed by the end of the first quarter after Alpha fulfills current sales obligations, Chief Executive Officer Kevin Crutchfield said. In all, the layoffs amount to nearly a tenth of Alpha’s 13,000-person work force.

This seems to be Obama’s vision of the future…… same as it was back when

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This entry was posted in Economics, Energy, News and politics. Bookmark the permalink.

2 Responses to Obama Keeping His Campaign Promises

  1. philjourdan says:

    Does not bode well for his efforts in the swing states of Virginia and Pennsylvania.

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