The "lost" (and recently discovered) video that M. Simon linked earlier in which Barack Obama outlines his plan to bankrupt the coal industry has naturally raised many hackles.

Glenn Reynolds has a roundup of links; Ed Driscoll has lots of details and Don Surber provides context.

Here is what Barack Obama actually said:

"I was the first to call for a 100 percent auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter," Obama continued. "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."

Calls and e-mails to West Virginia Obama campaign officials seeking comment for this story were not returned as of Sunday evening.

Bankrupting Big Coal has nothing to do with context. Rather, it's about change.

Remember, Obama has repeatedly said, "change is hard."

Bankrupting the coal industry will be hard on everybody -- producers and the consumers alike.

It's meant to be.

But remember, being unfair to everybody is fair.

Here's David Harsanyi:

I'm suggesting Obama is praising and mainstreaming an economic philosophy that has failed to produce a scintilla of fairness or prosperity anywhere on Earth. Ever.