Opus 2014-199: Headlines: Promises to Keep

Who said that presidents never keep their promises.  You may not get to keep your doctor but you will get the promised increase in utility bills.  According to the blog, Hot Air,  The campaigning Barak Obama said in an interview with the San Fransico Chronicle,

“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”

Interestingly enough, the liberal Chronicle has removed this but if you Google it you can find many references and a You Tube clip also.

The president’s promise to raise utility rates is being fulfilled according to CNSNews.  Of course there are many factors in the cost of energy but if you go to the end of the article you will see that the average electricity generated per person is now lower in 2007.

Doesn’t Economics 101 teach something about supply and demand?

homo unius libri