“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket” – Barack Obama, 2008
Bypassing Congress yet again, Obama today announced a unilateral imposition of carbon dioxide emission limits for electrical power plants.
Even the NYTimes admits the regulations will have no discernible impact on Global CO2 levels. They will, however, cost $50 Billion per year in regulatory costs, raise energy bills an average of $1,200 per family per year, and destroy 224,000 jobs annually through 2030.
The Administration promises none of those outcomes will happen, but then, they also promised “If you like your plan, you can keep your plan,” and “We will be the most transparent administration in history.”
Obama is justifying his dictatorial imposition of carbon dioxide regulations partly on the basis that carbon causes asthma and heart attacks.
You read that right. Carbon. Causes. Asthma.
Party of science my ass.
In other environmental news, Hurricanes with female names are sexist, or something, says the Party of Science.