American business is fighting back, so may be here in Israel we also have a chance against the bureaucracy. The National Petrochemical & Refiners Association (NPRA) sharply criticized Thursday’s speech from President Barack Obama on creating jobs in the US, asking for relief from “unprecedent and unwarranted regulatory burdens”. Instead of wasting billions of taxpayer dollars on subsidies that line the pockets of so-called ‘clean energy’ companies that can’t stay in business and can’t keep workers employed, President Obama should .. ‘stop throwing regulatory roadblocks and tax increases in our path.'
"Texas energy company Luminant announced that new Environmental Protection Agency regulations are forcing it to close several facilities and lignite mines, which will result in 500 job losses. The company blames the Cross-State Air Pollution rule, which requires Texas power generators to make “dramatic reductions” in emissions beginning on January 1, 2012."
2 comments:
Prof. J.,
D. Goldman recently pointed out that American business is doing fine, if you look at export volume, freight volume, etc. It's just that many Americans no longer benefit from its success.
He thinks that America is now like China or India - countries with some world-class, highly-developed sectors, and some poor regions totally unconnected to the global economy.
Best,
s.n.
Yes, in most indices America is prospering and doing fine. Yet the persistent malaise of the country is obvious. The reason, I think, is that the great mass of workers is getting impoverished, and and everlarger section of the people is on Government dole. More than China or India, America is becoming similar to Brazil, a rich and potent country, with a large colored underclass. Enormous class differences but no strong racial or social tensions. And a rather relaxed culture.
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