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Monday, November 03, 2008

Obama OK on Bankrupting Coal Companies

Palin Unleashes New Attack Against Obama On Coal



That's the headline:

(MARIETTA, OHIO) - Seizing on a newly released audio tape picked up by the Drudge Report, Sarah Palin took the opportunity here in coal country to accuse Barack Obama of “talking about bankrupting the coal industry.”

“He said that, sure, if the industry wants to build coal-fired power plants, then they can go ahead and try, he says, but they can do it only in a way that will bankrupt the coal industry, and he's comfortable letting that happen,” Palin said. “And you got to listen to the tape.”

The audiotape Palin was referring to was recorded by the San Francisco Chronicle in a Jan. 17 interview.

“Why is the audiotape just now surfacing?” Palin asked, leading someone in the crowd to shout, “Liberal media!”

“This interview was given to San Francisco folks many, many months ago,” Palin said. “You should have known about this, so that you would have better decision-making information as you go into the voting booth.”

In the audiotape, Obama reiterated his call for a cap and trade system on carbon and greenhouse gases.

“So if somebody wants to build a coal-powered plant, they can,” Obama said. “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.”



So why is it up to Sarah Palin to point out something that has been in the public domain for over a year?


Ed Driscoll:

If the news industry wasn't a collective Victorian Gentleman, then Obama's quotes on coal would be screamed in 48-point Times Roman Type on every newspaper's front page--if only because it's an incredible story, no matter what your thoughts on the environment.

CBS's Scott Conroy writes:

Seizing on a newly released audio tape picked up by the Drudge Report, Sarah Palin took the opportunity here in coal country to accuse Barack Obama of "talking about bankrupting the coal industry."
But it wasn't "newly released." It's been buried in the middle of an hour-long video uploaded by the San Francisco Chronicle that's been hidden in plain sight on the Brightcove video distribution Website since January, until some enterprising blogger stumbled over it.

In the above quote, Michael Malone writes, "Who are the real villains in this story of mainstream media betrayal? The editors." And he's right. Check out what the editors at the San Francisco Chronicle signed off on: the Chronicle uploaded the video of their interview with Obama to their Website under the narcoleptic headline of "Obama's straight-ahead style"--meaning they couldn't stumble over anything the senator said that they want to highlight in their headline. Which means either the writers at the Chronicle don't know a killer story when they see one--or they're willing to bury such a story if it helps their man get into office. (See also: media and Edwards, John; note dramatic contrast with Plumber, J.T., and Palin, Sarah.)

When the MSM moans about the gallons of red ink it's spilled since 2001, it needs to ask itself if it's prepared to actually report the news, in a fashion that interests readers, or if it exists as a non-profit ideological support system.


Don Surber adds:
Obama spokesbot says this was taken out of context: “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.”

Can we shut down the coal industry?

Yes we can.

Can we double everyone’s electric bill?

Yes we can.

Can we shut down the economy and put aluminum workers out of work?

Yes we can.

Can we ship even more jobs to China?

Yes we can.

Can we have China burn even more coal not as cleanly?

Yes we can.

Democrat Barack Obama’s admission that he will use regulation to bankrupt the coal industry is a bombshell that teh San Francisco Chronicle sat on for 10 months.

What he said: “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.”

The spin, via CBS News: “The point Obama is making is that we need to transition from coal burning power plants built with old technology to plants built with advanced technologies–and that is exactly the action that will be incentivized under a cap and trade program. We know that additional work is necessary to develop and deploy these technologies. That is why Obama has argued for a robust funding program for carbon capture and sequestration. It’s strikingly similar to what McCain has said (in fact McCain goes a step further saying he wants to transition completely away from coal).”

Translation: The Titanic isn’t sinking, it is simply being washed and rinsed

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