Obama admits his energy plan will make your electricity rates skyrocket!

KingCondanomation

New member
Well at least he's honest, this is what I've said all along with forcing a move by government to green energy it will cost far far more. Yes you would create some jobs and you would lose far more. That's what happens when you expend more income on the same output.

"Barack Obama told the San Francisco Chronicle: "When I was asked earlier about the issue of coal, you know, under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers."
http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=42&entry_id=23562

And big majorities in the Dem house and Dem senate to help him with that plan.
 
I would love to see the whole context of this.

Fox is going nuts w/ this interview today, as well as "Auntie-gate," to try to play up the "October surprise" aspects as much as they can...
 
they have the entire 48 min of audio of the interview on the link Dix provided, but I did not see the text.
 
I'd also add that the whole point of a cap and trade scheme is to make polluting actually cost money thus force companies to do less of it. If this is news to anyone, it shouldn't be.
 
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