The Corner

“Electricity Rates Would Necessarily Skyrocket”

If anyone has any doubt that a cap and trade system will raise the cost of electricity for American consumers, here is a video of Barack Obama (from a conversation with San Francisco Chronicle editors in January of 2008) clearing it up:

Under my plan of a cap and trade system electricity rates would necessarily skyrocket, even, you know, regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gases, coal powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

Yuval Levin — Yuval Levin is the editor of National Affairs and a fellow at the Ethics and Public Policy Center.

Most Popular

Politics & Policy

When the Tide Comes In

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader, “Save Ike from the Kikes.” I’d better explain. This weekend marks the one-year anniversary of the Nazi troll armies’ march ... Read More
Film & TV

Celebrity Activists Do Not Help

Michelle Williams, an actress, has decided to become a spokesman on the issue of pay inequality in her profession, and appears this month on the cover of Vanity Fair with a headline to that effect. This decision follows what she describes as a humiliating episode in which she learned in the pages of USA Today ... Read More