Salena Zito’s post is all over the comemnts Barack Obama made to the San Francisco Chronicle’s editorial board. Here’s a transcript of what Sen. Obama said in January, 2008:
What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.
I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases 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 that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, 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 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 a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.
That isn’t what Sen. Obama says now. These days, he’s saying that he’s “open to drilling on the OCS” (as long as it’s part of a comprehensive package). He’s also saying that he’s a proponent of clean coal technology. Here’s a short video that sums things up pretty well:
Included in the clip is Joe Biden’s quote that col power plants should be built “over there because it’s killing us.”
The video also notes that 49% of the United States’ existing power plants are coal powered. According to the WSJ’s WashingtonWire post, this is bad economics for blue collar workers in several key swing states:
Republican vice-presidential candidate Sarah Palin unleashed a new volley against Barack Obama on a four-city tour of Ohio on Sunday by touting newly released audio comments made by the Democratic presidential candidate promising to restrict the construction of new coal-fired power plants in the U.S. The issue is particularly sensitive in coal-rich Ohio, West Virginia, and Colorado.
I can’t believe Team McCain didn’t unleash with this a week earlier. Nonetheless, their latest attack will move voters in Ohio. It likely will move votes in Colorado, too.
UPDATE: I just watched a special Hannity & Colmes. What I heard stunned me. It also stunned Pat Caddell, Ann Coulter and Minnesota Gov. Tim Pawlenty. In a later part of the SF Chronicle interview, Obama actually says that, as a result of the cap and trade policy, “electricity prices will necessarily skyrocket.” Sen. Obama didn’t say that they’d go up. He didn’t say that he was worried that his cap and trade policy would have an adverse effect on people’s budgets. He simply said that utility bills would skyrocket.
Pat Caddell’s first response was to ask Sean Hannity if that was actually Sen. Obama’s voice. Sean affirmed that it was Sen. Obama’s voice. That’s why Pat Caddell, who was Jimmy Carter’s pollster to say that “you could knock me over with a feather” after hearing that. I wholehearted agree with that. I don’t know if this is enough to push McCain across the finish line but this has the potential to upset the Obama juggernaut.
His telling Joe the Plumber that he’s for redistributing small business’s wealth around with his tax policies shifted the race dramatically. His ever-changing statements on who would or wouldn’t get a tax cut created uncertainty with voters, too. (BTW, his targets for tax cuts have changed from $300K, $250K, $200K in his infomercial, Biden saying $150K, to Gov. Richardson saying the Obama plan was for $120K and under.
Those things alone are enough to sink his candidacy if the Agenda Media wasn’t so in the tank for Sen. Obama.
Additionally, he’s saying that his cap and trade policies will bankrupt an entire industry while hurting blue collar workers in northern tier states with skyrocketing utility bills.
Let’s think about the various people that will get hurt if Sen. OBama’s plan is enacted. Schools and small businesses would be hurt mightily. City governments would, too. The ripple effect off those increases, coupled with no incentive for risk-taking entrepreneurs to take risks, would cause damage the likes of which we haven’t seen since the Carter administration.
Unemployment would certainly rise well above the average of the 80′s, 90′s and this decade, meaning personal income would drop while Obama would pile up unprecedented deficits.
Forget about change I can believe in. Sen. Obama’s policies are the things that financial nightmares are made of.
Cross-posted at California Conservative