"Under my plan... of a cap and trade system, electricity rates would necessarily skyrocket, even... uh, regardless of what I say about whether coal is good or bad, because I'm capping greenhouse gasses. Coal power plants, natural ga - you name it - whatever the industry was, they would have to retrofit their operations. That will cost money, they will pass that cost onto consumers... "
"If you can't persuade the American people that, yes there is going to be some increase of electricity rates on the front end, but that over the long term, because of a combinations of more efficient energy usage, and changing light bulbs, and more efficient appliances, uh, but also technology improving how we can produce clean energy, that the economy will benefit..."
Listen for yourself:
Barack Obama's plan in an era of economic downturn - bankrupt the Coal Industry - Bankrupt the American worker... impose skyrocketing costs so that over the long run, we will be better off - while jobs are lost in Ohio, Kentucky, West Virginia, and Pennsylvania because Coal is being completely eliminated as a means of energy sustainment.
The problem with Liberal Leftist Eco-Heads, as opposed to Conservative Libertarian Eco-Heads (like Myself) is that they don't understand that to succeed in alternative energy and energy independence, you must first be able to sustain what you already have. That is, our first objective is to ensure that we have a bridge of energy independence before we run headfirst into alternative energy independence.
Obama and those on the left are completely and utterly WRONG on energy. The endgame is the same - but a policy of bankrupting an industry and a people in order to justify your ends... SIMPLY WRONG!
"If somebody wants to build a Coal Powered Plant, they can, it's just that it will bankrupt them because they are going to charged a huge sum because of all the Greenhouse gas that is being emitted" - Obama