The difference between Obama-energy and Obamacare is that the government admits you are getting ripped off.
The future of Obama-energy, a collection of bureaucratic regulations from the EPA and other executive agencies (officially known as the Clean Power Plan—CPP), can be seen in the future of Obamacare: higher prices. As the New York Times admitted about 2017 and the Affordable Care Act: “Yes, Obamacare Premiums Are Going Up.”
Get ready for big increases in premiums under the Affordable Care Act. A new analysis from the Kaiser Family Foundation examined the most popular individual plans under the new health care law in 14 major cities around the country and found that insurers were asking for increases in 2017 that are twice as big as this year’s. There is wide variation, including some places where rates will go down, but the average requested increase is 10 percent.
While it will be months before insurers and regulators agree to final rates for the coming year, the Kaiser analysis confirms the signals we have seen from industry and government experts — that consumers and the federal government are likely to see much higher prices in many markets. Clearly, insurers are struggling to figure out how much to charge so they can cover their costs but still attract customers.
That’s been the news story for next year every year since the misnamed Affordable Car Act took effect. Every year we are warned of skyrocketing rates and every year it happens. Yet it is never enough as we are told the following year.
If Barack Obama wants to destroy the middle class then he should be happy.
The difference between Obamacare and Obama-energy is twofold. First, Obamacare was legislation passed by Congress, Obama-energy is legislation (!) mandated by Obama. Second, Obama lied repeatedly about Obamacare saving consumers money while there is no such deception going on for Obama-energy. As Breitbart recently reported on the Clean Power Plan,
Although the president likes to tout the CPP’s projected energy efficiencies, he makes little comment about its economic ramifications. But if there were any doubt as to the plan’s hefty price tag, federal number crunchers at the Energy Information Administration (EIA) have released an analysis of the CPP’s impact.
For starters, the EIA says the plan will mean “significantly higher” prices for residential and commercial electricity. They attribute this to “higher transmission and distribution costs” coming at a time when electricity consumption will also grow slightly (in 2015-2040), compared to 2000-2015.
Interestingly, the EIA projects that these higher electricity prices will actually reduce demand 2 percent by 2030. Why? Because “compliance actions and higher prices” will force cash-strapped consumers to adopt their own austerity measures.
“Austerity” just means poverty. This is austerity that will have nothing to do with paying down debt or dealing with any necessary expense. It will be induced by nothing more than politicians messing up energy production.
Once again, the middle class is going to be hammered, just as Obama promised: