Energy shoes continue to drop after decades of idiocy from Washington lawmakers
Wednesday, May 28th, 2008Today, Dow Chemical announced that they will raise prices by 20% across the board. Dow is a critical supplier to virtually every industry imaginable. These costs will be passed right on to the American consumer, who is already bearing the brunt of the economic mess the government has put us in. Dow CEO Andrew Liveris put the blame right where it belongs:
“For years, Washington has failed to address the issue of rising energy costs and, as a result, the country now faces a true energy crisis, one that is causing serious harm to America’s manufacturing sector and all consumers of energy…The government’s failure to develop a comprehensive energy policy is causing U.S. industry to lose ground when it comes to global competitiveness, and our own domestic markets are now starting to see demand destruction throughout the U.S.”