Congress set to keep Obama's promise electricity will skyrocket
Thursday, June 25, 2009 at 6:26PM
Updated on Friday, June 26, 2009 at 11:36AM by
Kay B. Day, Editor
The Cap and Trade bill, HR 2454, also known as Waxman-Markey, should go down in history if the bill is passed, as the greatest looting of the US consumer in history. I still wonder how Americans could elect a president who tells them in advance, "Under my plan...electricity rates would necessarily skyrocket."
Whatever your preference in politics, Cap and Trade is no one's friend. It is not an environmentally sound plan. It manipulates prices inherently, with areas using coal paying far more in energy costs. Businesses will of course simply pass the cost onto consumers, and even President Barack Obama can't stop that unless he goes totally totalitarian and acquires the entire US economy. The Dems of course are close to doing that now. [Continues below video.]
