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Obama on cap and trade: 'electricity rates would necessarily skyrocket'

"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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Right Side Politics Examiner

Dan Spencer has been blogging at, and as, California Yankee since 2003. He lives in Connecticut and practices law in New York. Here he will discuss...

Comments

  • Happy Indep 2 years ago
    Report Abuse

    Get ready folks! EVERYTHING will increase in price! EVERYTHING!

    For those who were squeaking by, putting a little in the savings account, FORGET IT! You will now be looking for another source of income or looking for guvmint help..........which is exactly what the plan is all about. CONTROL! DEPENDENCE!

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