A prominent Democratic Senator is quoted as saying that, under Barack Obama’s “cap-and-trade” energy plan, “electricity rates would necessarily skyrocket.” Because the plan would require “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.”
Who was that Democrat? Some rogue politician from a red state bucking the party line?
Hardly. It was Senator Barack Obama himself.
In an interview with the ultra-liberal San Francisco Chronicle back in January of 2008, then-candidate Barack Obama made these statements about his energy policy that are as “prophetic” as they are shocking. And lest he be misunderstood, Obama had strong words for the coal industry specifically:
Let me sort of describe my overall policy. What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.…So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.
Unfortunately, this is one campaign promise that Obama is trying to keep.
He praised the House of Representatives for passing the Waxman-Markey energy bill on June 26, 2009, that will impose the most restrictive—and most economically devastating—national carbon emission policy ever seen from Washington. This “cap-and-trade” policy sets a national “cap” on the total amount of carbon that can be emitted; companies then buy or sell “carbon credits” to emit carbon dioxide above the limit.
In his column today, Let’s cap all the hot air from D.C., Judge Roy Moore explains the devastating economic impact of Obama’s “tax-and-bankrupt” energy policy, and the faulty scientific premises underlying the blind faith of “global warming” ideology