[flowerplough]

Obama, to San Fran Chronicle, January, 2008: " When I was asked earlier about the issue of coal… under my plan of a cap and trade system, electricity rates would necessarily skyrocket… even regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations.

That will cost money…they will pass that money on to the consumers. You can already see what the arguments are going to be during the general election. People will say Obama and Al Gore …these folks...they're going to destroy the economy.

This is going to cost us 8 trillion dollars or whatever their number is. If you can’t persuade the American people that, yes, there is going to be some increase on electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage and changing light bulbs and more efficient appliances, but also technology improving how we can produce clean energy that the economy will benefit. "

[aruanan]

But Barry O said during the campaign that his cap and trade policies would cause the price of electricity to necessarily “skyrocket.”