To the brave Skybus pilot who informed his passengers before taking off that the there would be no return flight because the company went bust, I say Bravo!
It is apparent Skybus management wasn't that good at running an airline, and sure didn't know how to shut one down. After voting to pull the plug stranding customers and throwing some 400 people out of work, I'm sure Skybus board members shed bitter tears that rolled down their cheeks and stained their $600 Gucci shoes.
Remind me again, what was so bad about a regulated airline industry? And while you're at it, remind me what was so bad about a regulated banking, credit, and mortgage industry to keep the investment sector honest?
Ohio is now facing electricity deregulation. As usual, advocates say reducing government control of the industry and allowing competition will benefit consumers – lowering prices while expanding services and giving the public a say in who supplies their power. Sound familiar?
However, customers in the 24 states that have enacted electricity deregulation plans have seen skyrocketing prices. Apparently the competition is to see which company can reach the deepest into the consumer's pocket.
Right now, Ohio Republicans are pushing an energy bill that would set electric rates based on the wholesale market price rather than what it actually cost to produce the power.
I agree with Gov. Strickland's stand against deregulation. In states that have deregulated rates and gone to wholesale market rates, residential consumers have seen their bills immediately jump from 20 percent to 70 percent.
This is just what Ohio does not need. Retirees, those on fixed incomes, and working families and individuals are being hit hard at the gas pump and the grocery store. A big jump in our electric bills will push more and more Ohioans out of the middle class, out of their homes, and most likely out of the state. If we don't hold the line on utility deregulation, Ohio will be facing a dark future.