From the Washington Post.com (Sept. 8):
WINCHESTER, VA. - The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s.Yes, it is sad for a company to go out of business for no good reason. So, much for the economy growing. Then again this is what the environmental nuts wanted--the incandescent light bulb to disappear. It's one thing if a better light bulb comes along and replaces the a previous one just through normal market forces. But to have the "all-knowing" gov't ban a product because of some stupid reason, is just plain wrong.The remaining 200 workers at the plant here will lose their jobs.
What made the plant here vulnerable is, in part, a 2007 energy conservation measure passed by Congress that set standards essentially banning [my emphasis] ordinary incandescents by 2014. The law will force millions of American households to switch to more efficient bulbs. [read more]
It's a fact that gov't can't create business growth, but it sure as hell can destroy it.
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