We were warned…

In January 2008 Barack Obama told the San Francisco Chronicle:

“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”

He promised that his plan would cause electricity rates to skyrocket.



He wasn’t kidding.

On Monday the Obama administration unveiled the first-ever national limits on carbon emissions from existing power plants.



The new rules will hit the poor, middle class and minorities the hardest.

Real Clear Energy reported:

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