Obama: “Under My Plan of a Cap and Trade System Electricity Rates Would Necessarily Skyrocket”

And that folks is why we are calling it cap and tax, because that is what this is, a tax.  Nice to hear President Obama admit this.

Great ad put out by the National Republican Congressional Committee.  Congressman John Dingle (D-MI) is in the ad saying that “nobody is country realizes that this cap and trade is a tax, and it is a great big one.”  Well Congressman, we certainly realize it now. (HT: Moe Lane)