Obama: Bankrupt 49% Of Our Energy

"So, if somebody wants to build a coal plant, they can — it’s just that it will bankrupt them, because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted."

When a Presidential talks about bankrupting any U.S. company or industry, it should disqualify him for any high office, much less the Presidency. Unfortunately there may be a majority of Americans who either A) Don't know anything about The One other than he's The One or B) Are ignorant of economics, history and just about everything else and actually think his statist philosophies are a good idea. Or C) Do know all this and will vote for him anyway because they don't believe a collectivist dictatorship could happen here. Yeah, well they thought that in Russia, Germany, Cuba, Zimbabwe and hundreds of other places.

The coal industry has responded:

"Regardless of the timing or method of the release of these remarks, the message from the Democratic candidate for President could not be clearer: the Obama-Biden ticket spells disaster for America's coal industry and the tens of thousands of Americans who work in it...

"It's evident that this campaign has been pandering in states like Ohio, Virginia, West Virginia, Indiana and Pennsylvania to attempt to generate votes from coal supporters, while keeping his true agenda hidden from the state's voters.

Gee! Ya think?

Moving on, Obama tells us that he actually does understand something about economics:

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.

And then from the above video we have more plans from Lord Obama to dictate how we should live.

Q: How do you convince people to change their lifestyles, to live differently, or to turn the question on its ear, are voters ahead of the politicians on this stuff? Do they get it, and maybe the politicians don’t?
A: Well, I think, uh, I think voters do understand it. I think it is important for us to send some price signals to change behavior.

This is the crux of Obama's economic philosophy. Use the tax and regulatory structure to force individuals into behaving the way the anointed believes they should. It will never stop, it never does. Statists like Obama see individualism and free will as a threat to their power and their unrelenting quest to re-order society to their liking.

If you accept the notion that it's government's role to tell you how much energy to use, then why not the food you eat, the place you live or the things you say or believe?

Here's more from Comrade Obama telling us that Electricity will "necessarily have to skyrocket".