Jim Hoft
GatewayPundit
3/6/2010
Barack Obama admitted in 2008 that cap and trade legislation would cause electricity prices to skyrocket.
The senator also admitted that cap and trade would likely cost $700 to $1,400 dollars per US family per year:
Obama also promised that cap and trade would decimate the coal industry. But, did not stop Barack Obama and democrats from pushing their expensive plan. Since that time reports have shown that cap-and-trade would be far more expensive than advertised.
But that’s not all…
Now, a FOIA request revealed that the Obama administration scrambled to respond last year to strong evidence that “green jobs” are a massive economic drain, costing 570,000 Euros apiece. The FOIA documents also show that the Obama Administration asked George Soros and wind energy lobbyists to hide European wind energy program failures. Chris Horner of the Competitive Enterprise Institute broke this news earlier this week at Pajamas Media:
As candidate and president, on eight separate occasions Barack Obama instructed Americans to “think about what’s happening in countries like Spain [and] Germany” if they wanted to know what successful “green jobs” policies look like, and if they wanted to know what we should expect here in the U.S. from his agenda.
Some European economists took a look. In March, a research team from Madrid’s King Juan Carlos University produced a detailed, substantive, heavily sourced, two-method paper: “Study of the Effects on Employment of Public Aid to Renewable Energy Sources.” The paper concluded that Spain’s “green jobs” program was an economic failure, in fact costing Spain many jobs…
The article continues at GatewayPundit
UPDATE: See also “Obama administration protecting the ‘green’ investments of its friends” at American Thinker.
