Final Smear: Obama to Bankrupt Coal

Please PLEASE PLEASE get this out to folks.  I know I have some Pennsylvania readers  -this latest attack from Palin and the GOP may affect the results of Pennsylvania.

Just this morning Sarah Palin cited a San Francisco Chronicle article from earlier in the year that she claims demonstrates Obama’s commitment to 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 audio tape can be found here.

But in actuality the truth is somewhat different.  Yes, Obama did say,

“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.”

But it’s the context and rest of the interview that tells the story.  The Obama answer was in response to a charge that Obama actually supports the coal industry.  Earlier in Obama’s response to what was quote above, Obama claimed “This notion of no coal is an illusion.” He affirms that coal will continue to be part of the future.  His bankruptcy comment didn’t simply apply to coal, but all industries who continue to create carbon emissions and have a negative envrionmental footprint.  He supports policies that will ‘fine’ industries and companies who don’t find better ways of capturing their emissions.  He advocates, as his website points out:

Create Millions of New Green Jobs

• Ensure 10 percent of Our Electricity Comes from Renewable Sources by 2012, and 25 percent by 2025.
• Deploy the Cheapest, Cleanest, Fastest Energy Source – Energy Efficiency.
• Weatherize One Million Homes Annually.
Develop and Deploy Clean Coal Technology.

 This was a charge that was coordinated at Drudge, the GOP, and  It is false and one last smear to try and affect the vote in coal producing states like Pennsylvania, West Virgina, and Colorado.