President Obama told us on the campaign trail this past week that he says what he means and means what he says.If that is truly the case then all of the middle class that he cares so much about is in deep trouble.He has told us for the last four years that the middle class has been left behind by the Republican party.The rich[if you can call making $200,000 a year rich], are given trillions in tax cuts while the middle class are paying more.In reality,the wealthy are the job creators.If we continue to put burdensome regulations on the banks and small businesses, the extra cost will be passed down to the consumer.Now who does that hurt the most?Yes, the middle and lower class.
Obama told us in an interview in 2008 that under his Cap and Trade program that electricity rates would NECESSARILY skyrocket.The key word is necessarily.He said that a coal plant could be built, but because of the regulations imposed on coal plants to retrofit them to the new regulations that they would go bankrupt.Remember.he says what he means and means what he says.We know this because he has said so this past week and has said it many times as his VP Joe Biden has also said.Now why would a Presidential candidate want to increase the amount we would pay for energy.It's called control.
We have already seen many coal plants and coal mines shut down,while China is building a 500 megawatt plant every month.The U.S. Energy Information Administration reported earlier this year that coal plants are producing about 8% less in electricity than last year alone.
Once again,the question is, who do you think the higher rates would affect the most in terms of ability to pay and keep the lifestyle they are living now or prevent them from living a better life in terms of finances?The answer is not blowing in the wind.It is of course the middle and lower class.Just remember this, once these regulations and rules are established and coal plants are no more,it will be almost impossible to turn it around.The new norm for electric rates will be established ,just like the new norm for gas prices has seemed to take effect the last two years.
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