Sunday, November 02, 2008

Obama Plans Electricity Rate Increase

In the same January 2008 San Francisco Chronicle interview in which he said he would bankrupt the coal industry, Barack Obama said that "electricity rates would necessarily skyrocket" under his plan.

The following audioclip transcript courtesy of Mike's America from whom I snagged this piece:

"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."

The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

No comments: