Upper Left Coast

Thoughts on politics, faith, sports and other random topics from a red state sympathizer in indigo-blue Portland, Oregon.

Monday, November 03, 2008

Obama's surprising admissions

In an interview earlier this year with the San Francisco Chronicle, Barack Obama made two surprising admissions. First, he acknowledged that consumers should expect enormous rate increases due to his plan to reduce greenhouse gases. In the same breath, he admitted that when government actions negatively impact business, that cost will be passed on to consumers:
You know, when I was asked earlier about the issue of coal, uh, you know ā€” 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 Iā€™m capping greenhouse gases, coal power plants, you know, natural gas, you name it ā€” whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.
They will pass that money on to consumers. It makes one suspect that Obama knows his tax policies against, say, the oil industry will result in higher costs for consumers, but that he either doesn't intend to follow through on his threats, or doesn't care about the impact on you and me.


  • At 6/27/2009 7:52 AM, Anonymous Anonymous said…

    This is crap, why is the pres worrying about crap that doesn't have 2 be taken care of now. The economy needs to be fixed to were people can actually live with a few extra bucks left over, instead of py check to pay check. This is not good for the economy not good at all. Why does he think that the economy is shot 2 begin with? Because everyone is raising rates ALL the time, and now the one person that's supposed to be helping us is doing the same thing? Apparently these pres. They r putting in office just don't care. I just don't get it. I was so angry with the republican pres. So I thought maybe I should be democrate, and he isn't any better, I'm going independant, the donkey and elephant don't no what they r doing.


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