Obama Administration to Make Energy Prices “Necessarily Skyrocket”

Perhaps this is one campaign promise that Obama won’t renege on. Back in 2008, he promised that energy prices would “necessarily skyrocket” for American consumers. He said, during his campaign:

“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. 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, they would have to, uh, retrofit their operations. That will cost money. They will pass that money on to consumers.”

He said it like it was a good thing. Only in politics can you win people’s support by telling them that you want to take more of their money and jobs away. Tell them it’s the “fair” and moral thing to do.

The Obama administration unveiled their plan to mandate that power plants cut their carbon emissions by 32% by 2030. The mandate goes into effect in 2022. CNS News reported:

President Obama will unveil the Environmental Protection Agency’s Clean Power Plan on Monday, imposing stricter-than-expected carbon dioxide limits on the states.

“There’s no doubt that this is going to be a difficult transition,” Obama’s spokesman Josh Earnest told MSNBC’s “Morning Joe” on Monday. “But it’s a transition that is clearly in the best interests of our economy, it’s clearly in the best interest of the health of children all across the country, and it’s in the best interests of the planet.”

Earnest said he thinks the EPA Clean Power Plan “is the culmination of what the president talked about in 2007 and 2008.”

Only in the mind of a liberal is making something very expensive “good for the economy.”

Of course, they say that even though people won’t be able to afford electricity, they’ll have green solutions. The thing is, we don’t have any “green” solutions now that are as affordable and efficient as fossil fuel. If one comes around, they should be able to compete in the marketplace. Maybe people will prefer it to what we have now. Maybe they won’t. That’s the beauty of a free market.

We don’t really have a free market anymore though. We have a government that picks winners and losers by investing hundreds of billions of taxpayer dollars into a favorite industry while cracking down on the competition through legislation and global warming propaganda.