It’s just that it will bankrupt them.“
Once again, thanks this time to NewsBusters.com, we see the disdain for capitalism, the hatred of American industrial strength, and the overall contempt for America and everything for which She stands which is at the heart of Barack Obama’s worldview and ideological perspective.
We’ve known for a while that Barack Obama advocates a cap-and-trade system designed to punish industry, but what we’re seeing now is the motivation behind such a policy. We’ve known for a while that Barack Obama intends to draw down the military and spread America’s wealth (see, for example, his Global Poverty Act), but what we’re seeing now is the intent behind the ideology.
Obama’s statements in an interview used by the San Francisco Chronicle for a January 18, 2008 piece–of course, the paper makes no mention of Obama’s hope to bankrupt the coal industry–belie his superficially centrist and relatively innocuous campaign trail approach:
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.
The problem with cap-and-trade legislation as a whole is that it provides business and industry with an incentive to either set up shop outside of the United States or move existing operations elsewhere, perhaps to India or China which pollute more than we do yet have no such regulations. Here, however, this has direct consequences not just on business and industry, but on our economy and national security as a whole.
We need to be energy independent. Even Obama, in his soaring rhetoric with promises of a ten-year plan, says that energy independence is paramount. Our national security depends upon it. Our economic health and well-being depends upon it. Yet he refuses to drill offshore where it matters, he refuses to drill in ANWR, he refuses to explore the possibilities surrounding shale oil, and he holds the coal-power industry in utter contempt.
When he does speak about energy, he makes no sense. He says that filling our tires and having regular tune-ups will increase gas mileage and somehow eliminate our need for Middle Eastern oil. He says that nuclear power is great, but we can’t build more plants until we deal with a number of environmental issues. He even said, according to HotAir.com, that he wants a 15% reduction across the board in America’s demand for electricity, yet in the same breath says that he wants to force the transition to electricity, in vehicles and more, from gasoline. I guess he believes we can hope for more energy to appear out of nowhere; perhaps, we can produce biofuels from the excrement coming from the collective mouths of the political left.
Now, Obama supporters may be quick to respond that John McCain also supports cap-and-trade legislation. Indeed he does. Indeed, his McCain-Lieberman Climate Stewardship Act of 2003, the piece of legislation he said, in the second debate, was unfortunately not passed, is yet another example of a short-sighted, half-hearted and misguided plan which would adversely affect the American economy in the name of the unsettled science of and facade for socialism which is Global Warming. Still, even though this issue is one of many with which I do not see eye-to-eye with the Arizona senator, I am willing to give him the benefit of the doubt here because nothing suggests to me that his maverick-ish will to help the environment at all costs is born from the abhorrence of capitalism and the free market.
You’d think, at this point, it would be abundantly clear that a Barack Obama administration would mean nothing short of economic disaster for this nation. You’d think that the American people, hearing something as simply put as his intention to “spread the wealth,” would wake up and smell the socialism. Between his goal of raising capital gains taxes for the sake of “fairness,” to his plan to increase corporate taxes and hope that nobody loses their job, to his aspirations for a bankrupt coal-power industry and more, America will be lucky to emerge from four years of President Barack Obama with the economic strength and foreign policy clout of a western European nation.
Then again, knowing what we know about Obama and his perspective on America’s greatness, that might be exactly what he wants.