Sunday, August 1, 2010

Propping Up Failures

http://www.azbex.com/archives/view/az_corporation_commission_approves_power_agreement/
The Phoenix Business Journal shows that the AZ Corporation Commission has decided to give an unfair advantage to solar companies selling power to Arizona schools by exempting them from standard regulations so they don't have to follow the rules of standard utilities. Thus, while utilities have to struggle to get every necessary rate increase approved by the ACC, meet specified percentages of "renewable" energy, and pay taxes, the ACC's pet companies are more profitable by escaping these onerous regulations. Effectively, the rest of the utilities have to pay higher taxes to support these favored companies.

In similar news, tax dollars are supporting corn farmers:
http://www.grist.org/article/2010-03-25-corn-ethanol-meat-hfcs/

And the city of Glendale is helping support a failing franchise (Coyotes):
http://www.azcentral.com/news/articles/2010/05/14/20100514glendales-phoenix-coyotes-guarantee-nhl.html

http://money.cnn.com/2009/02/18/news/companies/auto_bailout/
The US gov't gave $40B to GM & Chrysler so GM could build a $40k car that only goes 40 miles before needing a recharge (while the Nissan Leaf goes 100 miles between charges & costs only $33k).

Is is any wonder we have an exploding debt and no jobs when the gov't sucks money out of viable companies that could be hiring to prop up failures?

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