Obama signs on to trickle down theory and promises SKYROCKETING power bills!!!

Saw video and comments earlier on our Read My Lipstick Network's Team Sarah page on how Barack Obama is promising to bankrupt coal industry with his policies. Now here's another one Janet found and posted:




You'll note that in one paragraph he signs onto the trickle down theory of economics... HE FORCES industry to make changes that cause them to raise their prices for the consumer. I bet there are some layoffs involved in his plan, too. Stands to reason that if he's going to bankrupt the coal industry there'll be a lot of people in Pennsylvania, Ohio, Virginia and other coals states standing their clinging to their guns and religion in the food lines.

Transcript of Obama's comments with my bold emphasis in places:

The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, “This is really important,” and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.

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.

They — you — you can already see what the arguments will be during the general election. People will say, “Ah, Obama and Al Gore, these folks, they’re going to destroy the economy, this is going to cost us eight trillion dollars,” or whatever their number is. Um, if you can’t persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.

If we can’t make that argument persuasively enough, you — you, uh, can be Lyndon Johnson, you can be the master of Washington. You’re not going to get that done."

Hey folks, we're not going to live long enough to see decreased electric costs and we will be in a society we won't recognize if we do hang in there. Be Sane, Vote McCain. Use Your Brain, Vote McCain.

Hat tip to Hotair.com, and to the Read My Lipstick Network for the video and info: http://hotair.com/archives/2008/11/02/obama-ill-make-energy-prices-skyrocket/