- Post 06 May 2012
- By Copy Editor
“So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.” — Candidate Barack Obama, San Francisco Chronicle interview, January 17, 2008
“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.” — Candidate Barack Obama,
Same interview as above
“We’re going to have to cap the emission of greenhouse gasses. That means that power plants are going to have to adjust how they generate power … but a lot of us who can afford it are going to have to pay more per unit of electricity, and that means we’re going to have to change our light bulbs, we’re going to have to shut the lights off in our houses.” — Candidate Barack Obama, Iowa PBS interview, November 9, 2007
Electricity rates are indeed set to skyrocket, as Barack Obama predicted back in 2008, while he was still a freshman Senator and ambitiously aspiring to White House occupancy. The Obama administration’s new Environmental Protection Agency regulations on coal-fired electrical power generation, if allowed to go into effect, will mean that even a lot of us who can’t afford it will “have to pay more per unit of electricity.” But the pain will be much more severe than merely having to change our light bulbs....more...