Remember President Obama vowing, in his “shellacking”
post-mid-term press conference, that there are ‘other ways to skin
that cat’ now that cap-n-trade not only was rejected but led to
electoral malaise?
My CEI colleague Marlo Lewis makes an important note in a
blog post today. Specifically, last night Obama asked Congress
to mandate that 80% of U.S. electricity come from ‘clean energy’ by
2035. Amazingly enough, the Energy Information Administration (EIA)
projected that under the House-passed Waxman-Markey cap-n-trade
bill, about 80% of our electricity would come from ‘clean’ sources
by 2030.
And you remember the effect that Obama said was his goal of that
scheme? Something about making ‘electricity rates necessarily
skyrocket’. See Marlo’s post for the unsavory details.
Pete| 1.26.11 @ 5:57PM
Because above market energy prices and the highest business tax rate in the world screams global competitiveness.
Bob K.| 1.26.11 @ 6:48PM
And I recall his statement that it would force the Coal Industry into Bankruptcy!
Nite| 1.26.11 @ 9:25PM
It would not only force businesses into bankruptcy, but individuals as well. This would finish off this country.
Stan Redmond| 1.27.11 @ 10:55AM
Hmm. Sounds like it was almost planned doesn't it?
cali| 1.28.11 @ 4:57AM
Obamas obsession with 'green technology' will cause blackouts, like Europe is facing now.