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FM <br />Federal regulation puts us right back where we started. Electric utilities and other businesses such as insurance are largely regulated by the states. Federal regulatory agencies are much too partisan. Under the current administration, virtually every business crisis we've had involves a Federal agency being in bed with the industry they're supposed to regulate. Under the other party, the consumer activists get control and try to suck the blood out of the industries they regulate. Insurance companies generally dislike having to deal with 50 states, but it's actually better than the boom bust cycle in Washington. Many states have at least partially independant regulatory bodies. In Washington, they're all part of the Executive branch, so whoever buys the Presidency largely controls the regulators. IF the STB were doing it's job and Montana wheat farmers were getting the same rate as those in Texas, would we be having this discussion? Did Montana vote for Kerry or Bush??
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