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Budget to bankrupt

By Chris Horner on 2.27.09 @ 1:52PM

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.