"I have to tell you that there are some Democrats, for example, who represent states or districts that are heavily reliant on old power plants and are more heavily manufacturing based," President Obama said during a Google online chat session with the public on Friday. "And the truth is that if you produce power using old power plants, you're going to be emitting more carbon, but, to upgrade those plants means energy is going to be a little more expensive, at least on the front end."
Naturally, Obama understated the costs involved in upgrading power plants and switching to new sources of energy. But his remark is true in its essentials: In exchange for very modest reductions in carbon emissions, his policies require...
TAGGED: Green Energy, Stimulus, Coal