BHO: "Under My Plan...Electricity Rates Would Necessarily Skyrocket"

"Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers."

Watch the video:


More change. Less hope for the average Joe.
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According to Gateway Pundit:

Cap and trade will likely cost $700 to $1,400 dollars per family per year.

As Gateway Pundit facetiously — and accurately — commented:

Boy, this sounds like an excellent program to introduce during a recession.
Brilliant!

Secretary of the Treasury Geithner on BHO's budget plan:

...He said the budget reflects what Obama viewed as "a deep moral imperative to make our society more just. But it's very good economic policy too. It will mean there is again a fairer, more equitably shared tax burden on the vast majority of Americans."

But, but, but...BHO was going to tax only the very wealthy!

Welcome to America, the Third World country as the "vast majority of Americans" shoulders the burden of taxation.


(Hat tip to Reliapundit of THE ASTUTE BLOGGERS for the above Obamanomics graphic)