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Obama in an interview with the San Francisco Chronicle, Oct. 2008: "When I was asked earlier about the issue of coal
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 Im capping greenhouse gasses, coal power plants, natural gas
you name it
whatever the plants were, whatever the industry was, they would have to retro-fit their operations." . This was his plan and maybe when the cost of energy races out of control will the American public finally wake up to the impending economic disaster. Four years more of this..maybe, but can the Democrats in the House and Senate survive the next rounds of elections? They will if only they can create a new enemy to blame the financial impact of their policy decisions on Big Oil? Energy Monopolies? Who?
By Jake