Electricity Prices Skyrocket
“Necessarily” thanks to Obama.
“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket,” said Barack Obama in 2009. He didn’t quite get his desired cap-and-trade system, but he has largely achieved his goal. Thanks largely to heavy-handed EPA regulations, particularly of coal-powered electric plants, the price of electricity hit a record for October. It’s the seventh straight month that such a record was set, and, according to CNS News, “Americans now pay 42 percent more for electricity than they did a decade ago.” Obama wants you to pay more for electricity and oil so he can fund his pet “green” projects – the ones that keep going bankrupt.