Obama wants to destroy the coal industry, in his own words. Electric costs will skyrocket.
Barack Obama openly admits that his plan is to bankrupt and destroy the coal industry according to the latest audio (video below). He is going to tax them into oblivion and thereby he will encourage the exploration and invention of alternative energies.
On it's face, this sounds blatantly immature and socialistic. How can he, with such utter disregard for entire communities, SUGGEST THIS? I can only imagine that he is not particularly concerned about small time America and how his policies will affect some people. I think he relies on his strong metropolitian support to pull him through into the white house.
To me, this kind of penalization on an entire industry is utterly reckless. If I were to come up with an analogy, I would use a child.
Pretend for a moment that a parent wishes that the child help clean up the yard of leaves. The child comes up with an idea of collecting all the leaves and dumping them into the neighbor's yard. In a fit of rage the parent beats the child and forces him to pick up a rake and do it the 'hard way'. In a nutshell; the child is punished excessively and forced to clean up the yard in a more difficult manner and sadly with no additional incentive.
Of course in this particular case, the coal industry cannot with any rational ease "pick up a rake", furthermore the consequence of being beat up here is the loss of jobs and the breakdown of entire communities and local economies, not to mention the entire infastructure designed to support a coal plant (miners, etc).
States like Virginia, Colorado, Pennsylvania and others will probably suffer under this type of envasive regulation/taxation.
Do not get me wrong, I believe that the government is responsible in nudging the industry along to promote and explore alternative energies, but not at the cost of an entire way of living.
Video:
On it's face, this sounds blatantly immature and socialistic. How can he, with such utter disregard for entire communities, SUGGEST THIS? I can only imagine that he is not particularly concerned about small time America and how his policies will affect some people. I think he relies on his strong metropolitian support to pull him through into the white house.
To me, this kind of penalization on an entire industry is utterly reckless. If I were to come up with an analogy, I would use a child.
Pretend for a moment that a parent wishes that the child help clean up the yard of leaves. The child comes up with an idea of collecting all the leaves and dumping them into the neighbor's yard. In a fit of rage the parent beats the child and forces him to pick up a rake and do it the 'hard way'. In a nutshell; the child is punished excessively and forced to clean up the yard in a more difficult manner and sadly with no additional incentive.
Of course in this particular case, the coal industry cannot with any rational ease "pick up a rake", furthermore the consequence of being beat up here is the loss of jobs and the breakdown of entire communities and local economies, not to mention the entire infastructure designed to support a coal plant (miners, etc).
States like Virginia, Colorado, Pennsylvania and others will probably suffer under this type of envasive regulation/taxation.
Do not get me wrong, I believe that the government is responsible in nudging the industry along to promote and explore alternative energies, but not at the cost of an entire way of living.
Video:
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