Obama's Global Warming Regs to Raise Cost of Electricity 80%

"Under my plan of a cap and trade system, electricity rates would necessarily skyrocket," Obama said in 2008.

The change that people who want to see electricity rates skyrocket voted for. Twice.

Now he's trying to deliver on his promise.

Obama will announce Tuesday in a speech at Georgetown University that he plans to regulate greenhouse-gas emissions from existing power plants, according to individuals who have been briefed on the plan but asked not to be identified.

What is that going to look like? Here's an early sample from Obama's war on energy.

“I was reading the Federal Register footnotes on the proposed greenhouse gas new source performance standards for new electric generating units. In the Register, it says the Department of Energy Technology Laboratory estimates that when the rule becomes final, the technology that the coal industry would have to use to meet the emissions standards would add 80 percent to the cost of electricity. As we move forward, we have to think about the policies and the impact because I for one do believe we need all of the above approach to energy. Green energy alone is not going to get it done.”

But let's skip forward to coverage.

The NRDC says that existing plants make up 40 percent of the country’s carbon emissions. The plan would cut carbon pollution from existing plants 26 percent by 2020 and 34 percent by 2025. The plan would cost $4 billion

Furthermore, analysis by National Economic Research Associates found that seven major EPA regulations could cost as high as $16.7 billion per year and 887,000 jobs per year.

I guess we were too close to a recovery. Got to put y'all back in some eco-friendly green chains.