How to bankrupt the coal industry

Barack Obama advocates a cap-and-trade approach to reducing greenhouse gas emissions. He forthrightly describes the result: “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.”

MIchelle Malkin explains:

Sundy morning buzz: Everyone’s sending me the audio clip now up on YouTube of Obama telling the San Francisco Chronicle he’ll make it impossible for new coal plants to be built. The interview took place in January. The YouTube user is NakedEmperorNews, who uploaded Obama’s redistribution of wealth interview.

Bankruptcy: The change Obama thinks the coal industry deserves…

Listen here. Jim Hoft posts the transcript here. Ed Morrissey comments here.

Is this guy for real? He is one very cold customer. One other question. How have the media overlooked this enlightening exposition of Obama’s policy from earlier this year?

JOHN adds: Also not to be overlooked from the same interview is this gem:

Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.

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