Newsbusters Blog, RNC Caught in a Lie

Newsbusters, a blog founded to provide Republican leaning political metacriticism, broke a story suggesting that Barack Obama intended to bankrupt the coal industry. To people familiar with Senator Obama’s policies, it should be obvious that this is pure spin.

Mr. Obama was asked about how he would regulate coal power plants. He essentially said that his goal was not to stand in the way of coal power plants, that by and large he would not target coal-fired power plants. Instead, Mr. Obama advocates an aggressive greenhouse gas cap-and-trade program, a system that is unbiased, because it applies to all firms, and that instead of going against the market mechanism, taps into it in order to reduce pollution (see this previous cap-and-trade post).

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