Consumer prices will increase by more than $11,000 just from 36 of the Obama Administration’s regulations, reports the American Action Forum (AAF).
It’s a wallop to the jaw for everyday people. AAF’s research finds this includes higher-priced vehicles, pricier household goods, and more expensive food. “Energy-efficiency” standards are the biggest reason for higher prices.
Of course, politicians and bureaucrats claim they’re saving us money. So ask yourself, Have YOU saved $11,000 thanks to federal regulations?
Typically, agencies speculate that IF buyers keep using the mandated energy-saving products for long enough, they eventually will have a net gain. That’s IF things don’t wear out (or a light bulb doesn’t burn out).
As The New York Times researched and reported in 2012 about automobiles, projections of fuel savings often presume that consumers will keep their cars twice as long as is normal. Plus their study presumed gasoline would cost almost $4.00 a gallon. Projected “savings” also are not offset against interest paid on loans to buy more-expensive products, nor the extra repair charges to make old things last longer. Continue reading Wham! Regulations sock it to consumers
A Wall Street Journal editorial notes that the EPA is reducing the amount of ethanol that must be blended into gasoline below the level required by the 2007 energy bill.
Why? Because it’s impossible to meet the goal without diluting gasoline so badly that it will damage car engines because ethanol is corrosive. Requiring 10% (E-10) is bad enough, but mandating anything higher would “damage the engines and fuel systems of most of the cars and trucks on the road today . . . risking accidents, breakdowns and valve, pump, cylinder and injector replacements rarely covered by consumer warranties.”
But to placate corn farmers, the Agriculture Department pledged $100 million in state grants to help fix vehicles that use higher blends of ethanol. That’s more taxpayer money to fix the damage caused by taxpayer subsidies of ethanol.
The WSJ concludes: “Such is the corruption of corporate welfare, which continues for no reason other than that it already exists.”
Read more: Dirty Rotten Ethanol Scoundrels – WSJ
Federal regulators mandate use of ethanol in gasoline for “environmental benefits,” applying what they call a “renewable fuel standard.” That makes corn a much more profitable crop than without the regulation.
But a detailed study by The Associated Press concluded that the rationale is phony. Some of the findings:
- As farmers rushed to find new places to plant corn, they wiped out millions of acres of conservation land, destroyed habitat and polluted water supplies, an Associated Press investigation found.
- Five million acres of land set aside for conservation—more than Yellowstone, Everglades and Yosemite National Parks combined—have vanished on Obama’s watch.
- Landowners filled in wetlands. They plowed into pristine prairies, releasing carbon dioxide that had been locked in the soil.
Source: The secret environmental cost of US ethanol policy