Next American Industry to Die

Subprime mortgages, demanded by Obama and his ACORN banking students, destroyed Citigroup, and economies around the world are reeling. The American finance industry, ruined by Obama and CRA and Andrew Cuomo, is finished; what’s left is being nationalized by Obama to be used for his next Ponzi scheme.

What is the next American industry to feel the measure of your wrath, Obama? Is it medicine; is it insurance, is it automobile manufacturing?  Or all the above, and all the rest.

Let’s face it there; is only one industry safe from Obama.  It is the esteemed Community Organizing.

Even The One can only destroy an industry a day more or less.   Even Obama has to choose.   Next to die must be Coal.

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.

Story here.

Obama Said He Would Bankrupt the Coal Industry


One Response

  1. […] devoted to energy production will have been taxed into oblivion (bankruptcy, according to Obama; Next American Industry to Die). In the event you can find two nickels to rub together to buy coal, American energy infrastructure […]

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