Dan Spencer reminds us of a pertinent blast from a past the Supreme Leader would probably rather be forgotten, at least until today’s vote on the cap ‘n’ tax scam is concluded:
“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” — Barack Obama, January 17, 2008, San Francisco Chronicle
Yep, it really is that simple. More, and worse:
“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”
Startling, vanishingly rare honesty from the most dishonest, villainous snake ever to sully the Oval Office. But hey, there’s the slimmest of chances AGW might actually be real, so we simply must do something RIGHTFRIGGIN’NOW; otherwise, the opportunity to federalize the energy sector might be lost. As Captain Ed says, in response to the risible Democrat Socialist claim that most of the cost to energy consumers — ie, all of us — of cap ‘n’ tax will be “offset” by other unspecified provisions in this execrable bill:
All of the increase will get passed to consumers. Democrats hope to buffer that through targeted subsidies, but the AP neglects to mention that mechanism — because that money also comes from consumers. Business costs always get passed to the purchaser in the form of higher prices, and anyone who argues that they don’t either have no understanding of business and pricing or has a desire to sell snake oil to the gullible.
I vote for option 2. Although there’s no reason it can’t be both — and with the Democrat Socialists, probably is.