Tuesday, February 08, 2005

Yet another corporate ripoff from BushCo

Newsday.com - AP Washington

According to this report, Bush wants electricity costs set at market rates. The problem is not that this will ever happen; the Republican chairman of the Senate Energy and Natural Resources Committee opposes it, as do many other Republicans. The problem is that he WANTS it in the first place; THEY want it in the first place. "They" meaning the corporate lobbyists who write all of our legislation and their governmental lackeys who enact it.

This would cost consumers billions of dollars, $2 billion over 3 years for the Northwest. The problem with this idea, like virtually every other economic idea that I've ever heard from conservatives, is that it would take vast sums of money out of the pockets of average people and put it into the hands of huge corporations that are already making a killing. To make matters worse, these power suppliers are already subsidized by the federal government and I would bet a dollar to a donut that even if this plan were to be enacted, those subsidies would continue despite massive rate hikes.

America, please say "NO!" to conservative agendas like this.

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