Cap and Trade: They Said It
PRESIDENT BARACK OBAMA: "Under my plan of a cap and trade system, electricity prices would necessarily skyrocket. . . . Because I'm capping greenhouse gases, coal power plants, natural gas--you name it--whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers." -- January, 2008- Monday, May 18, 2009