I just sent this to my girlfriend who plans to vote for Obama. She pays over $500 on each water and power bill.
Newsbusters posted this Obama audio from January 2008 in which he says he supports a Cap and Trade policy that is so aggressive that it would bankrupt coal powered plants.
<much snippage>
Update: From the same audio, Obama comes right out and admits that under his Cap and Trade plan, "electricity rates would necessarily skyrocket." And he thinks this is a good thing:
And what about those who are on a limited budget like seniors and those on assistance? My guess is that Obama would provide subsidies to them to cover the costs. From where will he get the money to pay these subsidies? From increased taxes on not only the rich but also on the middle class who will already be terribly squeezed by skyrocketing electricity costs.
It's one thing to tax high-level corporate executives to pay for social programs.
Cap and Trade is going to raise your electric bill. DWP buys power directly from coal-fired plants in Utah, and indirectly from other producers through a national market.
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