Obama: Under My Plan Electricity Rates Skyrocket

In 2008, then candidate Obama stated that his Climate Change initiatives to cap Carbon Dioxide (CO2) from Coal Fired electricity generating plants would cause utility rates to skyrocket as companies pass on the cost to consumers.

Obama policies have caused Gas prices to skyrocket and his vision is to do a similar thing to Electricity rates.  How can the President be the champion of the poor when they will be the main group hurt by his climate change plan?


 Barack Obama: “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” (January 2008)

via Obama: My Plan Makes Electricity Rates Skyrocket 

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