Sure, he lied about transparency, not allowing lobbyists to have access to the White House, and then there is that whopper about keeping your doctors and insurance. Oh and about Benghazi too. But, about bankrupting coal with regulations? That he was honest about
Yep, he said it. His goal is to bankrupt any business that relies on coal.
“If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”
So fast forward to the present day and he is still at it.
On Monday, Obama plans to announce his decision to use his executive power to cut carbon emissions by up to 20 percent, a move that would be “the strongest action ever taken by an American president to tackle climate change,” The New York Times reports.
The initiative would allow states to use cap-and-trade systems, which let companies emitting pollutants buy and sell greenhouse gas emission allowances. A cap is set on the total number of permits to dispense carbon emissions. Companies that emit larger amounts of greenhouse gases can buy additional permits from companies that don’t need to emit as many.
Hope and Change? Looks more like Marx and Lennin. This cap and trade nonsense failed to make it through Congress, but Obama needs no stinkin’ Congressional approval. He has that magic executive order pen ya know.