Comments Posted By Sphere
Displaying 1 To 1 Of 1 Comments
OBAMA BRAGS ABOUT BANKRUPTING COAL POWER PLANT COMPANIES
This entire thing is a bit silly. Most of the right wing blogosphere is currently screaming that Obama wants to "bankrupt the coal industry". This is, of course, based upon an audio clip where Obama says no such thing. I'm not talking about the word "bankrupt." I'm talking about the word "industry." Obama is clearly talking about a market based cap and trade system that would make development of NEW dirty coal fired power plants unfeasible uneconomically: "So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them." That is, after all, the point of cap and trade.
Given that the debate on this ended a long time ago, and given the McCain also supports cap and trade, I don't expect this to have traction with anyone but right wing bloggers. The only people who are going to be outraged by this are people who are looking hard for something to be outraged about.
Comment Posted By Sphere On 2.11.2008 @ 18:04
