The American Spectator : The Spectacle Blog : Budget to bankrupt

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Lost in the din of a minor furor over President Obama's massive "global warming" tax -- "minor" because it, too, is lost ever further within the proposal's host of wealth transfers and social engineering -- is that Obama is on record telling us why he's doing this.

As was well-covered at the time [CORRECTION: this actually was never mentioned by the Chronicle, nor anyone else until a sharp eye caught it months later, at which point it garnered brief if in certain quarters furious attention] and yet which has slipped into the recesses of our minds so quickly, subsumed by a tsunami of other outrages, in a January 17, 2008 interview with the San Francisco Chronicle Senator Obama said that "electricity rates would necessarily skyrocket" under his plan to fight global warming. He also said that under his plan, "if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them."

Watch him say it himself, then pass it along to remind our friends in the cheerleading establishment press corps.

There's no doubt that -- in addition to hugely taxing your energy in the name of essentially funding Loch Ness Monster Insurance, but really to pay for a new welfare entitlement -- this budget is designed to bankrupt coal and anyone who seeks to burn it by causing your energy prices to skyrocket. According to its author.

Fortunately electricity comes from the wall, so there's no doubt also a program in this monstrosity to purchase power strips for everyone, doubling our supply overnight.

View all comments (2) | Leave a comment

Crusader| 2.27.09 @ 2:17PM

No, there will be a fix for this too. In my rant about Europe on the other thread I didn't mention that electricity is rationed in some Euroweenie countries, meaning you only get so many kilowats to use. That means if you want to run your washer and dryer at the same time--pop goes the breaker box. Can't tell you how many times we'd have to reset it because we had "too many" lights on or ran the microwave at the same time as the DVD player.

Chemman| 2.28.09 @ 2:35PM

The Alchemist in Chief might screw me on other areas but this is one I will laugh all the way to the bank on. I just build a renewable energy ranch and am not hooked up to any public utility. So I will be able to continue using all the energy I need without the silly taxes and the raises in rates all of the kool-aid drinkers are about to receive. My only regret is that far too many of the sane ones will be screwed by this also.