Obama is a man who keeps his promises. Remember his promise that ‘electricity rates would necessarily skyrocket’ under his administration? Well, here it comes. Dominion is proposing a 20% increase in rates, the majority of which they say is needed due to their increased cost to comply with state and federal emission regulations.
While Obama did not get Cap & Trade passed, he has been implementing his plan to regulate CO2 (the air you exhale) by executive order. Those plans are going to cost us billions. Obama tells us himself that we will bear those costs and that we will just have to get used to it.