He warned America back in 2008:
Now, without the accountability of having to get re-elected again (and before the Republicans take even firmer control of Congress this fall), he’s done it:
This morning, the Obama administration will announce new EPA rules that will keep the president’s infamous promise that “electricity rates would necessarily skyrocket.” The promise was so clear, so brazen, that it’s worth taking another look.
The president’s plan would indeed cause a surge in electricity bills – costs stand to go up $17 billion every year. But it would also shut down plants and potentially put an average of 224,000 more people out of work every year. It’s a sucker punch for families everywhere paying more for just about everything in the president’s fragile economy.
Some of the details of the plan include:
The draft regulation sidesteps Congress, where Obama’s Democratic allies have failed to pass a so-called “cap-and-trade” plan to limit such emissions.
Under the plan, carbon emissions would be reduced 30 percent by 2030, compared with 2005 levels. The proposal sets off a complex regulatory process in which the 50 states will each determine how to meet customized targets set by the EPA.
The reality isn’t quite as simple as being a “moral imperative” as the Obama EPA claims:
Republican Party Chairman Reince Priebus said in a statement. “The U.S. Chamber of Commerce has found that each year this regulation will kill 224,000 jobs and force energy rates to skyrocket, so it’s no wonder President Obama is circumventing Congress to implement his latest job-killing regulation.”
Hundreds of coal-burning plants will have to comply, which has resulted in strong opposition from the energy industry, big business and coal-state Democrats and Republicans, who argue Obama’s green-energy agenda is tantamount to a “war on coal.”
The U.S. Chamber of Commerce argues that the rule will kill jobs and close power plants across the country.
Remember, America relies on coal for 40-50% of its electricity production. There is no way this won’t gouge the pocketbook of every household in this nation, including the multitudes who lose their jobs. The complication here is that it’s not just Republicans:
Many of the Democrats who are raising concerns represent coal-producing states and face tough 2014 reelection bids.
Among them is West Virginia Democratic Rep. Nick Rahall, whose state gets 96 percent of its power from coal. Rahall said Thursday that he didn’t have specific details about the rule, but “from everything we know we can be sure of this: It will be bad for jobs.”
Bad for jobs, bad for Americans. That’s Obama’s plan.
There’s my two cents.