By Rich Robinson, Citizen Vox
August 26, 2011
Seems these days, there are a zillion Big Business leaders, their puppets in Congress and legions of corporate cheerleaders crying wolf over the regulations that keep you, me and our fellow countrymen safe from unchecked corporate greed. The latest example of this is a study by the Edison Electric Institute (EEI), the largest trade association representing the electric utility industry, which concluded that the looming Environmental Protection Agency rules for power plants will create an economic “train wreck.”
Not surprisingly, this prophecy of doom and gloom has been found to be completely overblown, according to a new report by the Congressional Research Service (CRS).
CRS analyzed EEI’s study and found it was severely flawed and lacked credibility. The discredited EEI study is just another example of the disconnect between the alarmist rhetoric coming from special interests and reality.