Video: Obama promises electricity rates will skyrocket under his plan (energy costs)

Here's the San Francisco Chronicle video (not just audio) of Barack Obama promising that under his energy plan, "electricity rates would necessarily skyrocket".

The full transcript of the video is here; note this:

You know, when I was asked earlier about the issue of coal, uh, you know - 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... They - you - you can already see what the arguments will be during the general election. People will say, "Ah, Obama and Al Gore, these folks, they're going to destroy the economy, this is going to cost us eight trillion dollars," or whatever their number is. Um, if you can't persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.

We should be incorporating new energy sources and encouraging people to use better lightbulbs. However, along the road to Obama's global non-warming paradise you're going to be paying a lot more money for your electricity bills and so will every company in the U.S. His plan would have a devastating impact on the economy, and it's a sign of his lack of qualifications to be president that he'd propose such a drastic plan.

Please send the video or this page to everyone you can find in Ohio, Pennsylvania, Virginia, West Virginia, and other coal states.

See also Video of Obama wanting to bankrupt new coal-powered plants.

Politics · Mon, 11/03/2008 - 21:43 · · Importance: 19