Monday, March 02, 2009

"Cap and Trade" as "Pay & Pay"

This from The Corner:

“Electricity Rates Would Necessarily Skyrocket” [Yuval Levin]

If anyone has any doubt that a cap and trade system will raise the cost of electricity for American consumers, here is a video of Barack Obama (from a conversation with San Francisco Chronicle editors in January of 2008) clearing it up:

Under my plan of a cap and trade system electricity rates would necessarily skyrocket, even, you know, regardless of what I say about whether coal is good or bad, because I'm capping greenhouse gases, coal powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

Why he understands this for "carbon taxes" and not for any other taxes is beyond me.

But don't take the Obamesiah's word for it...oh, yeah, maybe you should, since it's on tape.

H/T The Corner


Locutisprime said...

I think that he believes that he is the master of Washington. And he will drive this country into the ground economically, trying to pass as much of his socialist agenda as he can, before the people revolt.

Texan in Wisconsin said...

Amen, brother. I thought the early comments about his hubris were over the top. But not now...he DOES think he's the master of Washington. I think the showdown with Pelosi will be telling. Problem is -- no matter which one of them wins, we lose!

Vince said...

I think that he believes that he is the master of Washington.



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