The Homa Files

Sourced from Newsbusters.com, Nov.2, 2008.  Well-traveled on right-leaning stations and sites this weekend.

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Ken’s Take

McCain’s persistence in Pennsylvania has had me scratching my head.  I think the code was broken this weekend. In another post lthis morning, I recount data that seems to indicate a shift in Catholic voters towards McCain (Obama had been leading).  Perhaps even more significant is an audio clip of an interview that Obama gave saying that his energy policy will “bankrupt the coal industry”.  That may be the right answer environmentally, but the wrong answer politically in some swing states that rely on coal for jobs and energy.

Hearing the words is way more powerful than reading the transcript (which is below).
http://www.youtube.com/watch?v=Hdi4onAQBWQ

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From Newsbusters

Barack Obama actually flat out told the San Francisco Chronicle (SF Gate) that he was willing to see the coal industry go bankrupt in a January 17, 2008 interview.

The result? Nothing. This audio interview has been hidden from the public…until now. Here is the transcript of Obama’s statement about bankrupting the coal industry:

Obama: ” 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.”

Article source:
http://newsbusters.org/node/25829?q=blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry

Audio link:
http://www.youtube.com/watch?v=Hdi4onAQBWQ

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This entry was posted on November 3, 2008 at 7:43 am and is filed under Government & Politics, Oil & Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.