Posted on 10/23/2014 4:46:42 AM PDT by IBD editorial writer
In early 2008, candidate Obama told the San Francisco Chronicle that "under my plan ... electricity rates would necessarily skyrocket."
Obama was referring to his plan to cap greenhouse-gas emissions, which would, among other things, effectively choke off coal as an energy source.
He was just as fond of high gasoline prices, telling CNBC in June 2008 as gas prices shot up to $4 a gallon that he "would have preferred a gradual adjustment."
Six years later, and Obama has succeeded.
(Excerpt) Read more at news.investors.com ...
And still a sizeable load of dumbasses still support this jive ass America hating punk.
And the sad part is that a lot of low information types, aided by the liberal media, think that the increased rates are simply resulting in windfall profits for the “greedy” power companies.
This is controversial.
The left would be correct by arguing that Obama actually broke his promise and failed miserably to continue the eco-friendly trend in energy price increases he inherited from the previous green administration. Then again, the regime can always blame the falling prices for energy, gasoline --and coal as well-- on the obstructionist Republican controlled House that ended the glorious energy inflation we had with the Pelosi-led 111th Congress. They just won't mention the abysmal energy deflation with the 110th...
The economics of this is simple enough, energy prices are volatile and for a few years now they've sloughed off. The politics is easy to grasp too although it pretty much means we throw logic out the window.
I haven’t heard anyone comment on this but if he promises something like: “No boots on the ground” or “After the election I’ll be able to do amnesty” he sticks to it come hell or high water.
But in dealing with Putin, Syria, Iran, or American’s enemies all of a sudden the is extremely flexible.
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