The United States economy is crumbling. The Federal Reserve has a program of inflating the currency in an effort to stave off much needed deflation. Instead the stagnant wages of those outside government are being stretched farther and farther to cover rising costs of food and energy, two of the highest costs in a household budget yet also items underrated in the official inflation rate.
So what is the newest interesting activity by the government? A phony jobs project? A new subsidy that does more harm than good?
No, it is shutting down power plants and raising the cost of energy.
And with much of the nation in a heat wave, this could lead to rolling blackouts when people need their air conditioners most.
It is true that there is a rationalization, although not a justification, for this. Given that the law no longer is about providing a level playing field and is instead about begging favors and granting favors there is no reason that the government cannot waive any EPA regulations that force these closures. Moreover since the government wrote these rules there is no reason they cannot be rewritten to allow the plants to save open.
It is unlikely that this is done deliberately to hurt people. Instead it is more likely that this is an example of gross incompetence combined with tunnel vision on the part of EPA regulators.
Even so, it is simply an interesting detail in the greater picture of the decay of the United States.
Saturday, August 20, 2011
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