Presidential candidate Barack Obama promised that his policies would cause electricity rates to “skyrocket” and “bankrupt” any company trying to build a coal-fired generating plant. This is one promise he and his über-regulators are keeping.
President Obama energetically promotes wind and solar projects that require millions of acres of land and billions of dollars in subsidies, to generate expensive, intermittent electricity and create jobs that cost taxpayers upwards of $220,000 apiece – most of them in China.