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Obama on cap and trade: 'electricity rates would necessarily skyrocket'
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"Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." -- Barack Obama, January 17, 2008, San Francisco Chronicle
Watch Obama say that under his cap and trade plan electricity rates will skyrocket:
During the same interview Obama also admitted that his cap and trade plan would bankrupt anyone who builds a coal-powered plant.
Obama was honest about cap and trade during the campaign.
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