Obama-Plan Makes Electricity Rates Skyrocket

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Nick Furry
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Obama -My Plan Makes Electricity Rates Skyrocket from 2008 interview

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The Keystone XL pipeline project was killed off despite the thousands of high-paying jobs that were lost so as to satisfy Obama's environmental donors -- and boost the financial prospects of his green-energy donors. Did Obama care about the jobs lost when he not only killed Keystone, but derailed energy development across America? He proudly boasted to a friendly group of San Francisco journalists that he planned to cause bankruptcies among those who base their livelihoods on tapping our coal wealth. That is one promise he seems to have kept. Does he feel for the coal miners of Appalachia -- as Robert Kennedy so movingly did in the '60s?
By UZI4you 2 years ago
In another clip from the same January 2008 interview with the San Francisco Chronicle in which Barack Obama promised to bankrupt anyone foolish enough to build coal-burning power plants, he also made an interesting admission about his entire energy plan. Obama told the editors that his policies would make energy prices “skyrocket” as the energy industry passed along the exorbitant costs of his cap-and-trade policy:
By Nick Furry 4 years ago
The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, “This is really important,” and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.
You know, when I was asked earlier about the issue of coal, uh, 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.
By Nick Furry 4 years ago
They — you — you can already see what the arguments will be during the general election. People will say, “Ah, Obama and Al Gore, these folks, they’re going to destroy the economy, this is going to cost us eight trillion dollars,” or whatever their number is. Um, if you can’t persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.
If we can’t make that argument persuasively enough, you — you, uh, can be Lyndon Johnson, you can be the master of Washington. You’re not going to get that done.
By Nick Furry 4 years ago