Judge Moore: Obama’s tax-and-bankrupt energy policy

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Jul 8, 2009 1 Comment ›› Ben DuPré

Judge Moore: Obama’s tax-and-bankrupt energy policy

A prominent Democratic Senator is quoted as saying that, under Barack Obama’s “cap-and-trade” energy plan, “electricity rates would necessarily skyrocket.”  Because the plan would require “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.”

Who was that Democrat?  Some rogue politician from a red state bucking the party line?

Hardly.  It was Senator Barack Obama himself.

In an interview with the ultra-liberal San Francisco Chronicle (http://www NULL.sfgate NULL.com/cgi-bin/blogs/opinionshop/detail?blogid=42&entry_id=23562) back in January of 2008, then-candidate Barack Obama made these statements (http://hotair NULL.com/archives/2008/11/02/obama-ill-make-energy-prices-skyrocket/) about his energy policy that are as “prophetic” as they are shocking.  And lest he be misunderstood, Obama had strong words (http://newsbusters NULL.org/blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry) for the coal industry specifically:

Let me sort of describe my overall policy.  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.…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.

Unfortunately, this is one campaign promise that Obama is trying to keep.

He praised the House of Representatives for passing the Waxman-Markey energy bill (http://www NULL.heritage NULL.org/News/Cap-and-Trade-Global-Warming-Bill NULL.cfm) on June 26, 2009, that will impose the most restrictive—and most economically devastating (http://www NULL.heritage NULL.org/Press/FactSheet/fs0034 NULL.cfm)—national carbon emission policy ever seen from Washington.  This “cap-and-trade” policy sets a national “cap” on the total amount of carbon that can be emitted; companies then buy or sell “carbon credits” to emit carbon dioxide above the limit.

In his column today, Let’s cap all the hot air from D.C. (http://www NULL.worldnetdaily NULL.com/index NULL.php?fa=PAGE NULL.view&pageId=103328), Judge Roy Moore explains the devastating economic impact of Obama’s “tax-and-bankrupt” energy policy, and the faulty scientific premises underlying the blind faith of “global warming” ideology.

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  1. Small Business Tax Guru (http://irstaxreliefsite NULL.info/) says:

    I’ve been involved in taxes for lengthier then I care to acknowledge, both on the individual side (all my working life-time!!) and from a legal standpoint since passing the bar and pursuing tax law. I’ve supplied a lot of advice and rectified a lot of wrongs, and I must say that what you’ve posted makes impeccable sense. Please continue the good work – the more people know the better they’ll be armed to cope with the tax man, and that’s what it’s all about.

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