Friday, June 10, 2011

American Electric Power (WV) - will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending EPA regs

We won’t have enough power, and when we get back to zero it will drag more income from our wallets than it did before just to do the same things, leaving less income for anything else, and this includes businesses as well.

THIS IS A TAX

Is this the time for that?

From THE HILL:

The company’s dramatic plan to comply with the regulations could give Republicans and moderate Democrats ammunition in their ongoing fight against EPA’s efforts to impose new regulations aimed at limiting greenhouse gas emissions and air pollutants including mercury and arsenic.

Rep. Shelley Moore Capito (R-W.Va.) and Sen. Joe Manchin (D-W.Va.) immediately pounced on AEP’s announcement.

“This is a perfect example of the EPA implementing rules and regulations without considering the devastating impact they may have on local economies and jobs,” Capito said.

Capito said she will write a letter to EPA Administrator Lisa Jackson asking whether the agency took into account the economic impact of its regulations.

“Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy,” said Manchin, an outspoken critic of the EPA.

But EPA defended its regulations Thursday, noting that the agency has worked closely with industry to ensure that its regulations are “reasonable, common-sense and achievable.”

X-Lation - you bastards will comply or it will be the HOOOSEGAL.

You know, in the history of the western democracies, the INEVITABLE, result of high taxes used for venal and stupid purposes, compounded with heavy handed enforcement of them even in baronial days, had only one result.

ONLY ONE.

Human nature remains the same.

This is no warning or threat.

It is an observation.

The EPA is NOW where unions are. They were once a necessary protection for individuals from large amoral businesses AND govt thoughtlessness. They are now a threat to our EXISTENCE.

The pendulum ALWAYS swings.