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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (465987)	3/24/2009 10:56:24 AM
From: longnshort	Respond to of 1574256

PAY UP ”What one hand giveth, the other taketh away,”Henry Payne writes in a blog at National Review Online (www.nationalreview.com). ”The federal stimulus bill will reportedly net the average American $13 a week. [On Monday], Michigan´s two major utilities announced that federal green emissions mandates will in part necessitate an 11 percent electric rate hike this year - or approximately $10 a month to the average Michigander,” Mr. Payne said. “And that´s just the tip of the iceberg for the bills that are coming due on the 'greening of America.' “Michigan sports the nation´s highest unemployment rate at 10.6 percent and can ill-afford higher utility costs. But as a state controlled by hip Obamawannabe, Gov. Jennifer Granholm, and her union allies, Michigan bears watching as a harbinger for what awaits the U.S. “Like Obama, Granholm has ordered a fundamental restructuring of Michigan´s energy infrastructure, putting all new state coal plants on hold and demanding a 45 percent cut in coal generation in 20 years ... allegedly to be filled by government-mandated wind power. “Meanwhile, Democratic Washington is trying to force through a cap-and-trade law that will discriminate against coal-heavy manufacturing states like Michigan. Utility executives predict electricity rates may climb another 40 percent as a result. “Finally, in anticipation of these costs, the state utilities lobbied for - and have received - a gutting of the state´s electric deregulation law, so that they can get a guaranteed return on the enormous investment of, say, a low-carbon nuclear plant. Translation for ratepayers of a re-monopolized environment: More rate hikes ahead.”