Announcement by President Obama cannot be good for Americans. Higher electricity prices, Lower disposable income for families, Reduction in the economy's output, Job losses
U.S. Chamber of Commerce Assesses Obama's Promised Climate Rule
While other countries renege on their carbon reduction policies, President Obama is moving full force to make Americans pay 'big time' for their energy while achieving very little in greenhouse gas reduction benefits. Although President Obama has not released his plan to reduce carbon dioxide emissions from existing power plant sources yet (he will do so Monday), the U.S. Chamber of Commerce commissioned a study that looks at the economic and energy impacts of a hypothetical policy that would meet the President's stated emission goals.[ia] The study indicates that the Environmental Protection Agency's (EPA's) plan to reduce carbon dioxide emissions from power plants would result in:
