Barack Obama admitted in 2008 that cap and trade legislation would cause electricity prices to skyrocket.
The senator also admitted that cap and trade would likely cost $700 to $1,400 dollars per US family per year:
Obama also promised that cap and trade would decimate the coal industry. But, did not stop Barack Obama and democrats from pushing their expensive plan. Since that time reports have shown that cap-and-trade would be far more expensive than advertised.
But that’s not all…
Now, a FOIA request revealed that the Obama administration scrambled to respond last year to strong evidence that “green jobs” are a massive economic drain, costing 570,000 Euros apiece. The FOIA documents also show that the Obama Administration asked George Soros and wind energy lobbyists to hide European wind energy program failures. Chris Horner of the Competitive Enterprise Institute broke this news earlier this week at Pajamas Media:
As candidate and president, on eight separate occasions Barack Obama instructed Americans to “think about what’s happening in countries like Spain [and] Germany” if they wanted to know what successful “green jobs” policies look like, and if they wanted to know what we should expect here in the U.S. from his agenda.
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Some European economists took a look. In March, a research team from Madrid’s King Juan Carlos University produced a detailed, substantive, heavily sourced, two-method paper: “Study of the Effects on Employment of Public Aid to Renewable Energy Sources.” The paper concluded that Spain’s “green jobs” program was an economic failure, in fact costing Spain many jobs.
…[T]he Spanish study embarrassed the White House, prompting substantial media attention and even questioning at a press conference, Obama swapped out Denmark for Spain for later references to an enacted “green jobs” program.
Soon, Denmark produced a study (“Wind Energy: The Case of Denmark“) through the think-tank CEPOS. This paper also revealed tremendous costs, and that Obama’s claim about Denmark’s “renewables” experience was also steeped in mythology.
…Back in the U.S., the American Wind Energy Association — the lobby for “Big Wind” in Washington, D.C., which includes a few Spanish wind giants — also attacked the publication of the Spanish paper. Soon, the Obama administration published a five-page talking points memo assailing the economic assessment — written by two young, non-economist, pro-wind activists from the National Renewable Energy Laboratory (NREL) in Boulder, Colorado…drafted in often personal terms.
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It’s well worth reading the whole thing to understand the relationship between the Left in government and the rent-seeking corporations who make their money not by producing anything, but by putting their hands in the next guy’s pocket.
NREL is an extension of the Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE). EERE is run by Assistant Secretary of Energy Cathy Zoi, who, until assuming this post, served as CEO to Al Gore’s Alliance for Climate Protection. Zoi is responsible for many millions of the “green jobs” stimulus dollars pushed for and designed by Van Jones (this according to Jones himself).
So, the Obama Administration was hiding information and concocting their own reports with help from George Soros and wind lobbyists to support their expensive green energy programs. And, in the end, you the taxpayer would end up paying for it. This Obama scam would end up costing each American family $700 to $1,400 a year. Do you suppose the state-run media will report on this?
Christopher Horn is planning on releasing more details on this scandal in the days ahead.