Just wonderful: "I�ll make energy prices �skyrocket�
Why is it that the mainstream media is giving this guy such a free pass?
From Ed Morrissey at HotAir:
Obama: I�ll make energy prices �skyrocket� In another clip from the same January 2008 interview with the San Francisco Chronicle in which Barack Obama promised to bankrupt anyone foolish enough to build coal-burning power plants, he also made an interesting admission about his entire energy plan. Obama told the editors that his policies would make energy prices �skyrocket� as the energy industry passed along the exorbitant costs of his cap-and-trade policy:
Ed's post has a transcript of the Obama interview and offers this observation:
Energy prices skyrocketing will leave the economy in tatters, as we saw earlier this year. While no one doubts the need to start transitioning to better sources of energy, the manner in which that gets done means the difference of whether it gets done at all. A stagnant or receding economy does not produce scientific breakthroughs, especially when government both increases taxes and imposes steep cost burdens on energy. That cuts into both manufacturing and R&D, because as profits fall, fewer dollars go into research � which means that all of these wonderful developments would get delayed, or go unrealized altogether.
I know I need to take a chill-pill as the USA will survive four years of this but sheesh!
And I read this morning that Barney Frank wants to cut military spending by 25%
Posted by DaveH at November 2, 2008 11:59 AM