Surprised Obama Drove GM into BK? Remember His Plans for Coal?

By John W. Lillpop

Liberals who share Barack Obama's disaffection with capitalism and freedom have never forgiven conservatives, especially Ronald Reagan, for winning the Cold War.

Watching the Berlin Wall and the USSR go down in flames was a humiliating experience for hard core leftists, coming as it did at the hands of a "dumb actor" from Hollywood.

Left wing extremists bent on revenge and punishment of American capitalists have, in President Obama, a man willing to do everything within his power to reduce the allure of free market enterprise.

An obvious example is the Obama-directed bankruptcy of General Motors, a once huge and prosperous American corporation, with Chrysler waiting in line for the ax of Obama to fall on its corporate neck.

To those shocked by Obama's disgusting, and probably unconstitutional, wielding of power, a one word reminder should suffice: Coal!

Remember, please, that this president openly admitted that an Obama administration would use the government to force private corporations into bankruptcy.

As reported at Redcountry.com, in part:


"In this audio interview between Barack Obama and the S.F. Chronicle Senator Obama says he will put in place a 100% cap and trade policy that "will bankrupt them [the coal industry."

"Here is the transcript of the interview:

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.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

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.

That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.

The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

So if somebody wants to build a coal-powered plant, they can.

It's just that it will bankrupt them."

President Obama appears to have selected bankruptcy as a the weapon of choice for dealing with Republican capitalists.

More CHANGE we need?