35,000 Jobs Lost + Business Loss + 20% Rate Hike Across USA
September 12, 2011 Leave a comment
I stand in agreement with Rep. Tom Graves, GA who said; “To the promoters of more government, bigger government…we must stand together and say, ‘no.’ When there are those that say free markets don’t work or capitalism is false, we must stand together as entrepreneurs and push ahead.”
Who wants more Government, more regulations, and increased taxes? I say Tom Fanning of Southern Company does when he voluntarily welcomes Cap n Trade into Mississippi. Yes, Kemper County IGCC experiment is the bridge for America to enter Cap n Trade. Southern Company is cooperating to set the standards for all the other coal plants in America. Any expression of reluctance at any meeting is only lip service. You can’t be all for something and all against it at the same time. Does he believe Mississippians are ignorant fools?
Tom Fanning, CEO of Southern Company is quoted saying the following: May 20, 2011
In the Southeast alone, Fanning said, the new regulation could eliminate up to 35,000 jobs. The cost to businesses, he said, was likely to be much higher than the EPA’s estimate of a $10.9 billion a year.
“And when we consider adding new environmental control equipment or replacing it with other forms of generation, we’re looking at potential price increases across the United States of maybe 20 percent.”