Friday, February 11, 2011
"Crony Capitalism Or Raw Corruption?"
You can decide for yourself. I already have...
Investors Business Daily has this and the story on their website:
"Last month, the White House issued tough new rules on CO2 emissions. This month, its biggest corporate supporter wins an exemption. Something smells here."
"That's just what happened in California, with the so-called Avenal Energy project. That badly needed energy plant uses two natural gas-fired General Electric 7FA gas turbines and one General Electric steam turbine to generate electricity. Under the EPA's tough new rules, the Avenal project wasn't going to be built.
Don't get us wrong: We support the project. The nation needs energy. We just don't like how the White House seems to play favorites with who gets exemptions and who doesn't."
