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  • Morning Bell: He Left the Truth in San Francisco

    For all of Barack Obama’s trouble telling the truth, he always feels free to speak his mind whenever he is in San Francisco. In April, Obama told a room full of wealthy San Franciscans what he thought of rural Americans, calling them bitter people who cling to guns and religion. Now, in a recently discovered audiotape from his meeting with the San Francisco Chronicle editorial board, Obama admits he wants to bankrupt the coal industry, and that his energy policies will cause consumers’ electricity rates to “skyrocket.”

    Here are the exact quotes from the audiotape:

    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. … 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.

    We don’t get the chance to say this very often, but Obama is 100% correct: his cap-and-trade program would end thousands of coal-related jobs throughout the country and send electricity costs soaring. But the damage would not end there. This summer Heritage’s Center for Data Analysis studied Sen. Joe Lieberman’s (D-CT) much more lenient cap-and-trade plan and found it would kill 1 million American jobs and cause a loss of $4.8 trillion in our gross domestic product by 2030. The economic costs of Obama’s more stringent plan can only be worse.

    One need only look to Europe to see both why America still needs coal, and how cap-and-trade policies are doomed for failure. The European Union’s cap-and-trade program is in complete collapse as much of Eastern Europe, Italy, and Germany are all demanding exemptions from their carbon limits. Not only has the EU’s cap-and-trade failed to actually reduce carbon emissions, but even if the reductions were met, they would have no impact on world temperatures. Meanwhile, Germany plans to build 27 coal-fired plants by 2020. Italy plans to increase its reliance on coal from 14% today to 33% in just five years. In all of Europe, 40 new major coal power plants are set to be built in the next five years.

    While the rest of the world is adding power supply, we are subtracting it. Obama’s allies at the National Resources Defense Council have stopped construction on 65 coal plants and 13 natural gas plants nationwide. Right now, the U.S. has 760 gigawatts of power to meet consumption. We will need 135 gigawatts of new capacity over the next decade to keep the lights on, but right now only 57 gigawatts of power are planned. Coal supplies almost half of our nation’s electricity and more than 20% of our nation’s total energy consumption. We need more coal plants, not less. Despite decades of subsidies, alternative energies such as wind and solar power contribute only 1% of our nation’s energy needs.

    No matter what Barack Obama and Al Gore tell you, alternative energy sources cannot meet demand. You can trust Obama when he tells you his policies will cause energy prices to “skyrocket.” In this case, he’s telling the truth.

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    8 Responses to Morning Bell: He Left the Truth in San Francisco

    1. Ken Jarvis - Las Veg says:

      Does that mean the HF is

      FOR NO CONTROLS ON "greenhouse gas"?

    2. Mary, Wisconsin. USA says:

      Incentive to work and support yourself, rights (to bear arms,freedom of speech, freedom to worship) taken away, illegals receiving the benefits our children will be denied. I am afraid already to speak out!

      May God bless America!

    3. Spiritof76, New Hamp says:

      Obama is a Marxist. He is making what Khrushchev of USSR predicted in the 1960's about seeping socialism into this country and eventually taking over the country. We are in deep hurt if Obama gets elected with the Congress in tow.

      With joblessness climbing to the levels not known including the Great Depression, with clamps applied to the opposition, with the elections rigged, we have no where to go except but into large scale poverty in the next four years. This will be the last election in America.

    4. Irish says:

      What is scary about all this and this crazy election. Obama is providing monetary funds to those who want to be wealthy and don't want to work hard to get there. He's holding out the dough to get the minority vote, making promises he has no intention of keeping and these idiots are buying all of it. Shows just how stupid some Americans are and what an Obama education system will look like. Uneducated and clueless. Every day there is another comment that he made that comes out of hiding. Can you imagine what we will learn about him after the election? Will the floodgates open up? Just remember what we learned about Bill Clinton after his election. Something tells me this is going to be worse.

    5. Christine Smith,Ocea says:

      God help our Country if this man wins.

    6. Marilyn Clark in San says:

      First, if any of you think it's easy living in this far-out looney liberal city of San Francisco (but still beautiful, I have to say) among the fruits and the nuts that surround you everywhere, you can think again! And I can start with our foolish mayor. The latest thing he's yelling for is legallizing same-sex marriage — "It's gonna happen, whether you like it or not" — Well, he just might be surprised when this day is over regarding that proposition. Have a happy day, everyone!

    7. Thomas Gray South Ca says:

      I seem to remember reading some where the president is elected by the people for the people,, I wonder if that includes any other elected officals.

      The antic's of the save the earth green anti energy activist are truly destroying our quality of life, I sorrow much over my children's future.

      Tom.

    8. Pingback: Finally, Some Honesty on Energy from the Left « Conservative Thoughts and Profundity

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