There’s a stealth issue in this presidential campaign that could go far in determining the election results. I’m talking about the rising gas, phone, electricity, milk and cable prices that are damaging millions of hard-working families struggling to live in George W. Bush’s America. In addition to paying $2-plus per gallon prices at the pump, consumers are getting squeezed at the supermarket–shelling out as much as $4 per gallon for milk.
Other staples are going through the roof. Since 1996, cable rates have risen 56 percent, besting inflation by nearly a factor of three. Sen. John McCain recently pointed out that consumers are getting bilked: “When it comes to purchasing cable channels, consumers have all the choice of a Soviet election ballot. One option: Take it or leave it.”
According to an exhaustive study by the Federal Energy Regulatory Commission, Enron and other electricity giants manipulated California energy markets to boost wholesale electricity and natural gas prices to make a financial killing. In 2001, electricity prices soared in the western United States, as blackouts became routine and millions of consumers got gouged. Looking ahead and perhaps no farther than next week, phone rates may well rise now that a federal appellate court has scuttled regulations that had saved consumers $11 billion annually on their phone bills. Bush has refused to appeal the phone rate court ruling, a decision that will virtually guarantee higher phone bills for nearly 50 million customers.
This Administration has sided with its corporate cronies on these and other issues. Under Bush many families have had to face tuition hikes, state service cuts and sky-high health care costs. Bush’s tax giveaways have boosted the corporate bottom line and helped the wealthiest individuals. Hard-working families have received little to nothing in return.
This White House is addicted to deregulation. It has flung open the doors to its corporate contributors. Cronies like Enron’s Ken Lay called the shots in the corridors (and commissions). The FCC’s Michael Powell led the fight to raise the media ownership caps, generating momentum for corporate consolidation, stifling diversity and undercutting localism in communities nationwide. Despite valiant efforts by Democratic members of the FCC, the Commission has refused to take action on rising consumer cable rates.
Whether it’s mad cow disease or dairy prices, the Administration stands pat while consumers take the hit.