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Mongiardo challenges Obama on coal

by Joe Arnold

WHAS11.com

Posted on February 5, 2010 at 12:44 AM

Beshear also complained about "unconscionable delays" by the federal agencies that approve mining permits in Kentucky.
 
 
Now, Lt. Governor Daniel Mongiardo (D-KY) is calling the Obama Administration “wrong and shortsighted” by its proposing to cut coal subsidies.
 
It's the latest example of Mongiardo casting himself as an indepedent in the Democrats U.S. Senate primary.  In fact, a campaign news release makes that message clear:
 
Of all the Democratic U.S. Senate candidates in Kentucky, Mongiardo has been the most outspoken and vocal critic of the Obama Administration’s and Congress’ attempt to pass a national energy bill that punishes coal producing states like Kentucky.
 
 Here are the latest two releases from the Mongiardo campaign:

 
 
Mongiardo Opposes Plan To Cut Coal Subsidies
Cutting $2.3 Billion in Coal Subsidies Could Cost Kentucky Jobs and Drive Up Electric Rates

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FRANKFORT --- Saying “to reduce our dependence on foreign oil, we should be increasing production of coal, not reducing support for it,” Lt. Governor and Democratic U.S. Senate candidate Daniel Mongiardo today called the Obama Administration’s proposed $2.3 billion in budget cuts for the coal industry “wrong and shortsighted”.
On Monday, the Obama Administration proposed $2.3 billion in cuts in coal subsidies over ten years, including specifically cutting support for “exploration and development.”
“With our nation becoming increasingly reliant on foreign oil, cutting support for developing and exploring for coal makes no sense. The proposed cuts in coal subsidies will most certainly cost jobs and could devastate coal communities in eastern and western Kentucky,” said Mongiardo, who grew up in the Eastern Kentucky coalfields.
In his jobs plan, Mongiardo has said Kentucky should be a national leader in developing energy sources for the nation like coal-to-fuels and biomass.
“While we must develop new alternative energies like nuclear, solar and wind, the fact is that Kentucky coal plays a much greater role in  supplying our energy needs, no matter how politically incorrect that might be to say in some Washington circles. With the tremendous amount of coal reserves we have, it’s time to end the bias against coal in Washington and figure out how to maximize this tremendous energy asset for the benefit of the nation,” said Mongiardo.
Of all the Democratic U.S. Senate candidates in Kentucky, Mongiardo has been the most outspoken and vocal critic of the Obama Administration’s and Congress’ attempt to pass a national energy bill that punishes coal producing states like Kentucky.  Mongiardo calls "Cap and Trade" legislation "nothing more than a huge new energy tax on Kentucky coal that will devastate Kentucky’s manufacturing base and significantly increase every Kentucky consumer’s electric bill."  Mongiardo described EPA Administrator Lisa P. Jackson’s announcement that the EPA intended to unilaterally and selectively enforce carbon emission standards on some industries without waiting for Congressional action as being "outrageous" and "ill conceived." 
 
 
 

 Mongiardo Challenges Senate Opponents To Support Fee On Wall Street Bank Profits To Repay Bailout
Mongiardo: “Kentucky Families Need A Senator Who Will Fight for Main Street ---
Not Just Wall Street.” 

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LEXINGTON---Following an appearance before the Kentucky County Judge/Executive Association in Lexington today, Lt. Governor and Democratic U.S. Senate candidate Daniel Mongiardo challenged his Senate opponents to join him in supporting a temporary fee on Wall Street’s largest banks to recover taxpayer dollars still owed on the Wall Street bank bailout.

The temporary fee would be placed on Wall Street’s largest banks until the $117 billion owed to taxpayers for the bank bailout is repaid.
 
Speaking before the group about the need “for a Senator who fights for Main Street—not just Wall Street,” Mongiardo said he was “the only candidate in this Senate race who has voiced support for a fee on Wall Street’s largest banks to repay the bailout and voiced opposition to Ben Bernanke’s confirmation for another four years as Federal Reserve Chairman.”

“While Wall Street banks are paying record bonuses, Kentucky families and small businesses on Main Street can’t get a loan to refinance their homes or expand their businesses. While Wall Street makes record profits, Main Street struggles—and that needs to change,” said Mongiardo.

“The other Senate candidates have been completely silent on forcing Wall Street banks to pay back the taxpayer funded bailout or on reconfirming Ben Bernanke as Chairman of the Fed. Kentucky voters deserve to know which candidates support Wall Street or Main Street,” said Mongiardo.
 

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