When President Obama proposed healthcare reform that added 30 million to the insurance rolls while promising lower costs, most people who passed fourth grade math raised an eyebrow, if not a ruckus. The simple realities of supply and demand, coupled with the burden of government mandates, could only push healthcare costs skyward. With Obamacare now in effect, those early concerns have come to be realized through skyrocketing premiums, as confirmed by a recent Morgan Stanley survey of 148 national insurance brokers.
Premiums are up as much as 100 percent in some cases, and this is after Obama promised "savings." One can only imagine what would happen to the cost of a commodity the President promises to make Americans pay more for. Unfortunately, we don't have to imagine, as this is exactly what Obama promised his energy plan would achieve.
In January of 2008, candidate Obama told the San Francisco Chronicle that "under my plan... electricity prices will necessarily skyrocket." No sanguine language here about savings, just a flat out mission to make Americans pay through the nose for energy. It's no coincidence that under Obama gasoline prices have doubled, and have remained above $3 per gallon throughout his two terms.
Now to make good on his promise to make electricity cost more, Obama's Environmental Protection Agency (EPA) have issued brutal new rules on emissions for electricity generating power plants, just what the doctor ordered for skyrocketing electricity prices. This is a story largely ignored by the mainstream press who never miss an Obama chip shot on to the green or a grip and grin in some remote diner. But Americans are catching on fast.
On HBO's "Real Time with Bill Maher," EPA Administrator Gina McCarthy declined to disagree with the host's contention that Obama was waging a "war on coal." Indeed, it was candidate Obama who in the same Chronicle interview stated, "If somebody wants to build a coal-fired plant, they can. It's just that [my plan] will bankrupt them." The President makes no bones that his aim is to make producing electricity cost-prohibitive, but in the end it will be you, me, and everybody with an outlet and a light switch paying the bill.