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freebeacon.com
June 2, 2014
Washington Free Beacon Staff

FLASHBACK: Obama Promised Electricity Costs Would Skyrocket

Flashback video Monday morning reminding people of President Obama’s “promise” that under his energy plan, “electricity rates would necessarily skyrocket.”

“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket, regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gases,” Obama said. “Coal power plants, natural gas, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money onto consumers.”

The Environmental Protection Agency is unveiling new standards Monday on carbon emissions as part of the administration’s climate change agenda.

Full release:

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.

That’s why the House has already passed legislation that would prevent these rules from taking effect without congressional approval. Senate Democrats concerned about “pocketbook issues” should take it up immediately.