chefdennis
Veteran Expediter
For the left who can't seem to figure out why we have bailouts, the coal industry is a perfect example.
Follow the bouncing ball.
Coal is heavy regulated to the point their profit margin is just about gone. Or land used for coal can't be mined because of regulations even though the EPA says they meet all the standards necessary for clean air with clean coal technology.
But, the left politicians have little money invested in the coal industry.
They want GREEN.
As mines close areas that rely on coal for electricity, must now get it from somewhere else. Umm....gee where oh where.
Electric bills in these areas are set to double and triple in the next two years.
The left want to protect the poor. How are they going to afford to run AC units, xboxes and big screens?
Companies competing in a global economy now have to pay much more for electric that their competitors don't. Guess what, lower wages and less workers are needed in order to compete.
Companies that can't compete must be bailed out or fail.
As the givers have to pay for higher electric as well, less will be available for the takers.
And that is why one of the reasons you have government bailouts.
But!!! This is exactly how the socialist idealogy is put in place...the statist gain control thru regulation, then reduce the economic viability of the product in whatever manner that leads to the need to bail them out and gain more control,then subsidizing the industry to the point that they can no longer be a viable company without the government..in reality, the people become wards of the state..being taken care of from cradle to grave...
How did "Tennessee Ernie Ford" put it..."I owe my soul to the company store..."
