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Oh, and please don’t forget "cap and trade" (update)
Posted by: McQ on Sunday, November 02, 2008

Because Obama hasn't:

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.

They — you — you can already see what the arguments will be during the general election. People will say, “Ah, Obama and Al Gore, these folks, they’re going to destroy the economy, this is going to cost us eight trillion dollars,” or whatever their number is. Um, if you can’t persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.

If we can’t make that argument persuasively enough, you — you, uh, can be Lyndon Johnson, you can be the master of Washington. You’re not going to get that done.
So, what's that tell you about the nonsense he and Biden have been spouting about clean coal?

This statement was made in January 2008, prior to the financial meltdown. At this particular moment in time, it is a glance into fantasyland.

This program of "cap and trade" is leftists wetdream territory. Like universal health care, this is something they desperately want.

I've heard any number of pundits say there's nothing to worry about with an Obama presidency because he'll most likely govern in the center.

I'd say that depends on where you locate the center - and right now, that center doesn't include universal health care or economy destroying "cap and trade" systems.

Additionally, none of the checks would be in place to force Obama to govern from the center. A truly leftist House and the possibility of a filibuster proof Senate do not argue for governance from the center (not that I'm particularly fond of governance from the center to begin with, but it would beat the heck out of where I think he will really govern for the reasons given).

While the Republicans are no great shakes themselves (as one guy described it, the Democrats are the tax and spend bunch and the Republicans are the borrow and spend bunch and you have to decide which is worse), you can at least hope they'd provide a brake on what could be a runaway government express with the "all Democrats all the time" administration and Congress acting with no restraints.

UPDATE: More "cap and trade" and coal stuff from the same interview:

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 have to wonder how those employed in the coal industry within the coal states feel about this?
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Previous Comments to this Post 

Borrow and Spend
Tax and Spend
Print and Spend

All three of the first of these pairings cause problems. All are costs that must be borne by the citizens.

The major difference is the political price to be paid by the politicians.

The real problem is the spending.

Written By: newshutz
URL: http://
Yet more of the economic genius that is Obamanomics. Considering that Pennsylvania is currently divided over allowing decade-old electricity rate caps to expire, I’m surprised that nobody around here seems to care. Local Democrats are adamant that the price of electricity not be allowed to rise with demand, so a plan to jack up electricity rates through excessive carbon taxes might be of interest to them.

Wait, my local paper is owned by the Tribune Company and is not-so-secretly pulling for Obama. Nevermind.
Written By: InebriatedArsonist
URL: http://
Its always Borrow and Spend, the question is if you want it with a side of taxes or not.
Written By: jpm100
URL: http://
You’re thinking too much about these elections. Its about feelings this year. Obama makes you feel good. Just drink the Kool-aid please.
Written By: Jimmy the Dhimmi
URL: http://
Everyone has been warned about this guy.

We’ll see on Tues just how many heeded it.
Written By: shark
URL: http://
"You’re thinking too much about these elections. Its about feelings this year. Obama makes you feel good. Just drink the Kool-aid please. "

I thought it was the blue pill.
Written By: retired military
URL: http://
Shark - You are right. Anyone with one iota of intelligence has had AMPLE opportunity to learn about both candidates. If they vote for Obama, they do so with their eyes wide open.
Written By: jjmurphy
Shoot - I actually use the words "intelligence" and "learn" in connection with people who would vote for Obama. Stupid me!
Written By: jjmurphy
This program of "cap and trade" is leftists wetdream territory.

Then I guess they’re spoiled for choice this election, what with both candidates supporting it.

But given that there’s currently dozens of right-wing blogs claiming Obama’s been caught in some shocking revelation about this (as opposed to just describing what "cap and trade" is), I don’t think the fact McCain also supports this is going to be much of a problem.

After all, if energy prices going up and producers who don’t adapt and reduce emissions going bankrupt is a scandalous problem, we can only guess what these idiots are pretending McCain’s policy is about.

Maybe he wants energy producers to buy trucker caps and then trade them between themselves and this reduces emissions without any penalties and costs.
Written By: Kilo
URL: http://
If and when Obama becomes president and enacts as many of his nonsensical policies as the American people will allow, Democrats won’t admit that he had anything to do with the problems they will cause. Erb still can’t admit that Jimmy Carter was a bad president. Democrats can’t bring themselves to admit the havoc that the Great Society has wrought in the inner city. Liberals claim that Bush is the first American president to engage in pre-emptive war. When did Serbia attack the US? For that matter when did Korea attack the US? How about Viet Nam?

Democrats deny that Fannie Mae and Freddie Mac and/or the Community Reinvestment Act had anything to do with the sub-prime mortgage melt down. They refuse to admit the negative impact that teachers unions have had on public education. They either don’t understand or won’t admit that tax and regulatory policy have artificially increased the price of health care. They don’t seem to understand the negative impact that Sarbanes-Oxley has had on the IPO market (yeah, yeah I know Bush signed it into law but he isn’t a conservative and he was pandering during the Enron frenzy). They don’t seem to understand how restricting development of our natural resources contributes to high gasoline prices. When the government health service begins to ration health care, Democrats will deny that it’s being rationed. When energy becomes even more expensive after Obama’s cap and trade system is implemented, Democrats will blame energy companies. They won’t concede any responsibility for cap and trade and they will never admit that anthropogenic global warming isn’t happening. Conservatives shouldn’t fool themselves, it won’t matter how big a failure Obama and his policies are. Democrats will never admit that they have caused any problems.
Written By: jt007
URL: http://
Well, there is one difference between the two, even if both support it. If McCain is elected, then the Democrats won’t allow cap and trade through if McCain tries to take ownership of the policy by claiming he campaigned for it, because then it’ll be an economy-wrecking, disastrous Republican policy. If Obama wins and pushes it through, it’ll herald a new era of American environmental responsibility.

Even if McCain and Obama were clones of each other, a Democratic Congress would fawn over one and resist the other tooth and nail. Witness how the partisan opinions about strong foreign policy over the past 30 years have correlated almost 100% with which party has the Presidency and is engaging in some strong foreign policy. It’s not principles, it’s partisanship.

(And to reply to the next message, it’s not a question of the Democrats admitting they caused problems. Republicans won’t either. We, the people, do not permit our leaders to acknowledge failure, so they never do. It’s a matter of getting the press and the public to correctly assign blame, and as the current media monoliths continue their inevitable decay I have hope that can still occur.)
Written By: Jeremy Bowers
Jeremy, I agree that politicians will not admit they made a mistake and I also agree that in the current political environment, it would be suicide for a politician to do so. In my earlier post I was referring to the electorate not politicians. Everyday registered Democrats (who apparently outnumber registered Republicans) will not acknowledge the shortcomings of liberal policies. They will vote Democrat no matter what. As one example of many, they will support more government intervention in health care despite the fact that government intervention in the market is the primary reason health care is so expensive (i.e. more government to solve the problems caused by government). I don’t believe Republicans are as obtuse. After all, haven’t we heard again and again how McCain has failed to mobilize his base. That’s because his "maverick" schtick was really just pandering to the media as he voted against tax cuts, violated our 1st Amendment rights, advocated amnesty for illegals, supported cap and trade emissions regulation, etc. After 8 years of Bush betraying conservative principles, Republicans are fed up. The only reason for a Republican to vote for Mccain is that he may not be as bad as Obama. That being said, I have less hope than you do.
Written By: jt007
URL: http://
I believe Jeremy is dead wrong.

Moderate Democrats will be pressured to vote with their party, but will know that some of these policies will be political suicide for them.

But with a Republican President to blame if things go wrong, these more moderate democrats can more safely succumb to pressure from the Democrat Leadership.

If you haven’t noticed, as we speak the unpopular Bailout is being revised as a Bush/Republican thing.
Written By: jpm100
URL: http://
Another industry this would completely destroy would be the steel industry. The production of steel uses alot of Coke (processed coal). The industry can barely keep itself going as is. They need tariffs and whatnot just to continue as is. They would shut down after the introduction of a cap and trade plan.

No more steel made in the USA.
Written By: SkyWatch
URL: http://
Micheal Steele said on FOX last night, "Wake up America and pull the Kool-aid IV out of your arm. He is telling you in his own words what he wants to do."

Barrack not only wants to spread Joe the Plumbers wealth around, he wants to spread America’s wealth around. He will tax Americans "carbon credit" and send that wealth to third world countries. Buying there carbon credits.

This will not help those countries any more than Lyndon Johnson’s welfare plan ended poverty in the U.S.


Written By: Veteran Patriot Small Business Owner
URL: http://
They’ll probably bank more money out of work than employed under an O administration anyway.
Written By: Is
URL: http://
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Written By: xwzaxxmes

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