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Here's one campaign promise that Obama has (unfortunately) kept
Investor's Business Daily ^ | 10/22/2014 | IBD Staff

Posted on 10/23/2014 4:46:42 AM PDT by IBD editorial writer

In early 2008, candidate Obama told the San Francisco Chronicle that "under my plan ... electricity rates would necessarily skyrocket."

Obama was referring to his plan to cap greenhouse-gas emissions, which would, among other things, effectively choke off coal as an energy source.

He was just as fond of high gasoline prices, telling CNBC in June 2008 — as gas prices shot up to $4 a gallon — that he "would have preferred a gradual adjustment."

Six years later, and Obama has succeeded.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: 2008; 200806; electricity; electricityrates; energy; energyprices; globalwarming; inflation; obama

1 posted on 10/23/2014 4:46:42 AM PDT by IBD editorial writer
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To: IBD editorial writer

And still a sizeable load of dumbasses still support this jive ass America hating punk.


2 posted on 10/23/2014 4:57:19 AM PDT by Joe Boucher (The F.B.I. Is a division of holders Justice Dept. (Nuff said))
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To: IBD editorial writer
The plan to make renewables competitive is to make real sources of electric generation too expensive to use by implementing perverse government policies. It is the only way for solar and windmills.
3 posted on 10/23/2014 5:03:27 AM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: IBD editorial writer

And the sad part is that a lot of low information types, aided by the liberal media, think that the increased rates are simply resulting in windfall profits for the “greedy” power companies.


4 posted on 10/23/2014 5:04:11 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: IBD editorial writer
Fundamentally Transforming America


5 posted on 10/23/2014 5:41:04 AM PDT by Slyfox (Satan's goal is to rub out the image of God he sees in the face of every human.)
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To: IBD editorial writer; Wyatt's Torch; Lurkina.n.Learnin; abb; Chgogal; Aquamarine

This is controversial. 

The left would be correct by arguing that Obama actually broke his promise and failed miserably to continue the eco-friendly trend in energy price increases he inherited from the previous green administration.  Then again, the regime can always blame the falling prices for energy, gasoline --and coal as well--  on the obstructionist Republican controlled House that ended the glorious energy inflation we had with the Pelosi-led 111th Congress.  They just won't mention the abysmal energy deflation with the 110th...

The economics of this is simple enough, energy prices are volatile and for a few years now they've sloughed off.   The politics is easy to grasp too although it pretty much means we throw logic out the window.

6 posted on 10/23/2014 6:19:07 AM PDT by expat_panama
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To: expat_panama
One major fallacy the right uses is "gas was under $2 when Obama came to office and now it's close to $4" - Yeah that happens in a major economic slowdown like we saw in late 2008 and most of 2009. Yes it is technically correct but largely irrelevant to anything having to do with policy. Gas and oil prices recovered to more "normal" levels during the current recovery. And for those that want to "drill here, drill now!" well, we are thanks to fracking technology (output levels are the highest since the early 80's). You also cannot have low oil prices and output at the same rate. Bakken and Eagle Ford have breakeven rates over $60/bbl. <$2 gas and $40 oil are gone.


7 posted on 10/23/2014 7:37:19 AM PDT by Wyatt's Torch
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To: IBD editorial writer

I haven’t heard anyone comment on this but if he promises something like: “No boots on the ground” or “After the election I’ll be able to do amnesty” he sticks to it come hell or high water.

But in dealing with Putin, Syria, Iran, or American’s enemies all of a sudden the is extremely flexible.


8 posted on 10/23/2014 8:07:16 AM PDT by ChinaGotTheGoodsOnClinton (Go Egypt on 0bama)
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