Democratic presidential nominee Barack Obama remains under fire for telling a newspaper that he plans to bankrupt the coal industry.
The release of an audiotape from an interview Obama conducted with the San Francisco Chronicle editorial board in January has prompted the McCain campaign and other Republicans to warn battleground states like Ohio, Pennsylvania, and Virginia that Obama will eliminate their coal industries. In the interview, Obama talked about his "aggressive" plan to curb what he believes is man-made global warming. "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." Obama says the audiotape was taken out of context and is not an accurate reflection of his policies. (See earlier article) Carrie Lukas, vice president for policy and economics at the Independent Women's Forum, says government mandates for alternative energy sources and the push away from oil and coal will be incredibly costly to the United States. "It would not only raise...energy prices, but it would affect the prices of just about all goods in the United States, which we've seen in the past are really affected," she explains. "When gas prices go up, it affects everything. It affects everything that needs to be transported around the country. It affects everything that needs to travel or anything that's made in a factory that needs power. So this could have a real damage on just about every industry in America." Lukas contends Obama wants the government to punish businesses that use fossil fuels in an attempt to the get Americans to "go green."
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