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Obama’s Coal Industry Gutting Initiative: the transcript.

Too busy a title?

To follow up my earlier post about how Obama is lying to somebody about planning to gut the coal industry… Jake Tapper, who is on the short list of journalists who will be ending this election with their honor essentially intact, has gotten a response from the Obama campaign. It’s about what you’d expect: the statement’s wildly taken out of context, Barack Obama loves coal so much that he wants it to stand godfather to his next kid, he’d never ever cross coal in a million years.

Jake’s response was to publish the entire original passage and invite his readers to make up their own minds: which, if you follow the man’s blogging, is his way of using a nice, Anglo-Saxon word meaning “nonsense.” Read it after the fold, and you’ll see what I mean.

“I voted against the Clear Skies Bill. In fact, I was the deciding vote — despite the fact that I’m a coal state and that half my state thought that I had thoroughly betrayed them. Because I think clean air is critical and global warming is critical.

“But this notion of no coal, I think, is an illusion. Because the fact of the matter is, is that right now we are getting a lot of our energy from coal. And China is building a coal-powered plant once a week. So what we have to do then is figure out how can we use coal without emitting greenhouse gases and carbon. And how can we sequester that carbon and capture it. If we can’t, then we’re gonna still be working on alternatives.

“But … let me sort of describe my overall policy. What I’ve said is that we would put a cap and trade policy in place that is as aggressive if not more aggressive than anyone out there. I was the first call for 100 percent auction on the cap and trade system. Which means that every unit of carbon or greenhouse gases that was 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 are being built, they would have to meet the rigors of that market and the ratcheted-down caps that are 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 that 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 an ideological matter, as opposed to saying if technology allows us to use coal in a clean way, we should pursue it, that I think is the right approach. The same with respect to nuclear. Right now, we don’t know how to store nuclear waste wisely and we don’t know how to deal with some of the safety issues that remain. And so it’s wildly expensive to pursue nuclear energy. But I tell you what, if we could figure out how to store it safely, then I think most of us would say that might be a pretty good deal.

“The point is, if we set rigorous standards for the allowable emissions, then we can allow the market to determine and technology and entrepreneurs to pursue, what the best approach is to take, as opposed to us saying at the outset, here are the winners that we’re picking and maybe we pick wrong and maybe we pick right.”

Sounds all right, right?

Wrong. What Obama isn’t mentioning there is that there is no clean coal technology that can replace existing coal plants. That technology is decades away, and until it appears, what we have is what we have to use. So when he says that a no coal policy is an illusion what he means that he’s not going to fight for eliminating existing coal plants; but if you believe this interview, if Obama is elected he will regulate and tax out of existence any attempt to build new ones. Put another way: the coal industry will not be permitted to expand under an Obama administration. It will, in fact, contract: because coal plants do not last forever, and when one finally grows too old to operate at a profit Obama will make sure that a new one isn’t built to take its place.

There is a reason why 49% of our electrical power generation comes from coal: it’s reliable, cheap, and plentiful. As I noted before, there may be a reason why Obama wants to cut our electrical power generation by 15%, but I can’t for the life of me figure out what it is. It seems counter-intuitive to have a program where we’re deliberately creating less wealth (yes, energy represents a form of wealth), particularly when there’s an economic mess unfolding, but apparently that’s what he wants. Unless he was lying in that interview, of course. I’d be pretty much hoping that he was, except that the idea’s kind of appalling in its own right. Slightly less appalling is the notion that the Democratic candidates are simply repeating the talking points that have been handed to them; given that neither is an expert in energy policy, this is entirely possible. It would explain the rather drastic lack of message discipline on this one.

But that’s a different post. Let me sum up this one: you have two options in this election.

Four years from now, do you want to be poorer, colder, and increasingly in the dark? Then by all means, vote Obama/Biden.

Or are you quite selfishly addicted to the sensation of seeing the lights turn on when you flip the switch? Then I suggest McCain/Palin.

Moe Lane

COMMENTS

  • izoneguy

    Great one!!! This has been my mantra to Obama supporters since Obama came on the scene.

  • sconklin

    n/t

  • smagar

    How long have these Obama quotes been out there? Re: his desire to use “price signals” generated from the government for our national energy policy. Or, his intent to “bankrupt” the coal industry?

    People who rely on coal for their electricity have every reason to ask the professional reporters in the MSM why those reporters and their editors decided that these choice thought tidbits deserved to be suppressed.

    I hope that, after this election, Redstate and the rest of the conservative blogosphere gathers a list—and it will be a very LONG list—of what the MSM covered up.

    Then, we need to ask the MSM—loudly and often—why they covered up this information. Insist on answers.

    We also need to go over the head of the MSM, go directly to Americans, tell them “this is what the MSM chose to hide from you” and start going through the very long list.

    For example, I hope John McCain names the names of the MSM publications that questioned the parentage of Trig Palin.

    I hereby volunteer as a researcher for said effort.

    The next two years is a great opportunity for the conserative blogosphers to wage sustained warfare against the MSM.

    In many cases, they’ve crawled out on a limb. And we have a saw.

    And, once the American people get a taste of what information the MSM denied them, I think many, many Americans will cheer us as we saw away at the branch.

    The conservative blogosphere has weapons. And, with all the skulduggery of the MSM during this election, we now have plenty of ammunition.

    I suggest we open fire.

  • Neil_Stevens
  • McPALINation

    Amen on the gathering.
    Amen on the naming names by President McCain.
    Pretty good tree-climber still, and stand ready for orders to fire at will.

  • Skanderbeg

    Don’t forget that SW Virginia (WAY out there) is coal country too. If VA is gonna be close, this one matters there too….

  • Vladimir

    Article here.

    I can’t wait until my collective subdivision has one of the Dear Leader’s minions energy advisors offering thoughtful advice on if, when, and how often I’ll be able to crank up the old Lawn Boy.

    Pssst: They plan to regulate carbon as a “pollutant” and use the meatax of the EPA to institute it, economywide.

  • Raven

    “So if somebody wants to build a coal-powered plant, they can. It?s just that it will bankrupt them”

  • Shaggy_Dog

    No one apparently cared when Obama said that we can’t just expect to eat as much as we want, drive SUVs and keep our thermostats at 72 degrees and have other countries be ok with it.

    And anyone is now actually suprised when a quote comes out that he wants to bankrupt the coal industry?

    America deserves what it gets if it elects this guy.

  • spainishirish

    It will be nice to see what all comes out after Tuesday. Two years of journalistic fellatio may have to be interrupted from time to time with actual reportage…and I agree it will have to originate in the blogosphere.

  • spainishirish

    I just read through the full text a second time. The other comments are right. There is barely a coherent thought in it.

  • regenrick

    [Sparky used a temporary email account to register here, which tells you everything that you need to know about his motivations. - Moe Lane]

  • Jack_Savage

    It is too bad VA Governor Tim Kaine doesn’t seem to agree with Obama or the whackos. From the Washington Post (if this is a fair use problem, I am counting on Moe to edit):

    Gov. Timothy M. Kaine has been battered by criticism from environmentalists over his support of a new coal-fired power plant for southwest Virginia…

    The controversy pits Kaine (D), who has made environmental protection a top priority, against a sizable chunk of his political base, even though the governor said he is powerless to stop the project even if he wanted to. The State Corporation Commission and other regulatory agencies issue the construction permits.

    Dominion is pushing to build the $1.8 billion plant in Wise County, in Virginia’s coal country, as part of a multi-pronged strategy for meeting the state’s growing demand for electricity.

    The plant, slated to be in operation by 2012, is designed to lessen Dominion’s reliance on electricity produced and transferred from out of state while boosting the slumping economy in southwest Virginia.

    “In a state with a growing economy, you need a strategy to make sure when people hit the switch, the lights come on,” said Dominion Vice President Robert M. Blue, who noted that the state’s energy needs will grow by 4,000 megawatts, equivalent to the usage of 1 million homes, over the next decade.

    Kaine agrees. “The sustainability of our economic development successes are dependent on having a reliable energy source,” said Delacey Skinner, the governor’s communications director.

    Dominion, which has 2.3 million customers in Virginia, said the plant would be “one of the cleanest” coal-fired facilities in the nation because it would have a sophisticated emissions-control system.

    But environmentalists are opposed to the project, saying that coal-fired plants are a leading cause of airborne pollution, which has been linked to global climate change. They say Dominion should be investing in more environmentally friendly energy sources, such as solar and wind power, and encouraging more conservation.

    “Global warming is the most serious environmental issue that we face as humanity, and new coal-fired power plants are not part of the equation,” said Glen Besa, director of the Virginia chapter of the Sierra Club.

    The club is part of a coalition of environmental groups, religious leaders and public officials that oppose the plant, including Fairfax County Board of Supervisors Chairman Gerald E. Connolly (D), who is running for Congress.

    On the other side are state and local officials from southwest Virginia, *including U.S. Rep. Rick Boucher (D-Va.) *and the eight-member Wise County Board of Supervisors.

  • ocleverone

    Spin, spin, spin.

  • Moe_Lane

    I guess that the guy hangs around people who apparently think that you can somehow reduce the first without legislating the latter to a fare-thee-well.

    Ach, well.

  • antisocial

    Well I must admit I missed it earlier. How did everybody else miss this? I just heard a tape on Hannity & Colmes from January 08.

    I wish this came up here on redstate at least 1 week back.

    I hope this gets enough coverage tomorrow.

  • dld1717

    One has to wonder how much of a job the opposition research team for McCain has done on Obama?

    Heck, this tape and everything else that has come out was done by other people not involved in camp

  • duckhawk

    Socialism just plain doesn’t work, whether it’s the profits or the losses that you’re spreading around. Sure, a few people are reaping the profits of energy production and would hate to pay after everyone else has footed the bill for decades. Some of these people happen to live in swing states.

    That doesn’t change the fact that emissions are real costs that we’re all paying, whether they come from a coal plant or a corn-ethanol refinery. A cap and trade system would make energy production a real market that responds to private profits and private costs.

    Hopefully once the election is over and we’re less desperate for golden PA votes, we can look at cap-and-trade for what it really is.

  • Moe_Lane

    …we’ll have a President-elect who won’t be actively trying to shut down half of the power grid because his supporters freak out over the phrase “coal plant.”

    Sorry, but I like reliable electrical power. What’s your problem with it?

  • TheKent

    Where was it? Oh, that’s right. Soviet Russia.

  • izoneguy

    Why cap and trade could backfire
    Excerpt:

    By most accounts, the European Union’s cap-and-trade system isn’t working. In its first year of operation (2005-06), emissions covered by the trading scheme rose 0.8 percent. During the same time, according to the Energy Information Agency, emissions in the US ? which hasn’t ratified the Kyoto Protocol or adopted a cap-and-trade system ? dropped 1.8 percent.

    Samuel Bowles, a professor at the Santa Fe Institute, has noted that “[p]olicies designed to harness self-regarding preferences to public ends may be counterproductive. These failures occur when conventional self-interest-based policies compromise the beneficial effects of intrinsic motivation and … a desire to uphold social norms.”

    The social stigma of carbon emissions grows stronger each day. As this stigma grows, companies are increasing their investments into research and technologies to reduce and store carbon. If Congress removes the stigma associated with these emissions by assigning a price to them, it may not like the results.

  • Robert_L_Mayo

    The two Obama money quotes are:

    “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”

    and

    “So if somebody wants to build a coal-powered plant, they can. It?s just that it will bankrupt them”

    If the McCain campaign doesn’t have an ad with these two quotes flooding Pennsylvania, Ohio and SW Virginia by morning, he deserves to loose.

  • DeeSC

    Seems to me that this is exactly what & where the last 8 years of Republican “rule” have brought us. I understand this is hard on a lot of redstaters, but hang on, the best is yet to come. And it will take the best of all of us, not the hate or innuendo of partisans of any party or ideology. Surely there is some hope alive, even here at Redstate! Peace out…

  • pwest

    I just posted a dairy; read it, then move it to the front page would you?

    We have been too negative this weekend.

    We can cry if we have to on NOV 5th, but not until then.

  • duckhawk

    I don’t actually have any problem with reliable electrical power. We can agree that electricity is really cool!

    All I’m saying is: cap-and-trade is a good solution to a big problem. Yes, pricing externalities into the equation will run some freeloaders out of business whether or not they burn coal. No, there’s no reason to worry about your light switch.

    Whether it has McCain’s or Obama’s name on it, cap-and-trade won’t work if it gives coal special treatment because of election-night politicking.

  • Moe_Lane

    Never mind, then.

  • mobius2702

    For all the whining about how terrible the last 8 years have been, I’m surprised. I’m doing far better than I was 8 years ago…

    150%/hour better, to be precise. (That’s percent, not dollars… I’m not going to post my rate here!)

    Working as a contract manufacturing engineer in the auto industry, no less.

    The same industry that has been hemorraging jobs and cutting benefits seems to have no problem keeping me employed…

    Might have something to do with all of those 84 hour weeks… countless hours of my own time learning new robots and standards… you know, ambition, drive, talent, those things that translate into income.

    Not whining, begging the government for any scrap they throw my way, and cursing those eeeevil corporations for my failures.

    So yeah, the last 8 years have been great for me. And the next four will be even better… I’m just now reaching my prime. And if the government comes knocking for more, they’ll find I just don’t have anything available to give them. They can’t tax my skills, but I can put them on ice for a while. I don’t do charity work for whiners.

  • SeriousLaff

    Everyone else seems to be trying to win this election for McCain. This isn’t the only tape that should have been out long ago. With a candidate like Obama saying stupid things, you can’t avoid going negative.

    McCain’s campaign has, for too long, been waiting for the Obama campaign to implode (won’t happen) or someone else to do the opposition research and run the ads.

  • duckhawk

    And it’s true that Phase 1 of the European system isn’t very good. But the “stigma” model you cited doesn’t explain why. Stigma doesn’t appear directly on corporate balance sheets, and doesn’t appear at all when consumers have few choices (as in the electricity market). So I’m not optimistic that energy producers can be shamed into installing scrubbers on their smokestacks.

    It’s much more likely that the Europeans failed because their caps were not strict enough:

    Lack of scarcity under the first phase of the scheme continued through 2006 resulting in a trading price of ?1.2 a tonne in March 2007, declining to ?0.10 in September 2007.

  • Moe_Lane

    …with that particular duckspeak.

  • dbecraft

    this year… You may want to cut back if Obama wins…ha. You seem to be one of those “rich” people that he is targeting…

  • dbecraft

    controlled Congress… I guess I’ll have to re-think my position…heh. Some of these idiots seem to think that the President controls spending – let them eat cake…heh (they will change their tune if Obama wins).

  • dbecraft

    actually posting responses without “errors” usually “500 server errors”, anyway, it has been grand posting – if this post goes though…heh.

    Come on guys, fix this problem!

  • bk

    is that this is Obama’s approach to ALL traditional energy sources. He feels exactly the same way about coal plants as he does about nuclear plants, refineries, and drilling or mining of any sort. So if you like high energy prices, the Obama plan is for you.

    P.S. I wonder what else we haven’t heard from SF. Isn’t that where the bitter religious gun-clinging comment came from too?