Sunday, November 02, 2008

Obama's Energy Plan: Skyrocketing Electric Bills

You're not paying nearly enough to light and heat your home.

"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."

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