In January 2008 Barack Obama told the San Francisco Chronicle:
“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”
He promised that his plan would cause electricity rates to skyrocket.
Barack Obama’s EPA just killed off another 3,900 energy jobs in Texas.
Obama’s new EPA regulations will cost the coal industry $180 billion and force electricity rates to skyrocket.