Here's an absolutely shocking article from the Caesar Rodney Institute. Delaware's government is playing a dangerous game with energy during the worst economic slump since the 1930's. There are shocking statistics in this article that all should become familiar with. The standard of living is declining!

DELAWARE'S ECONOMY AND THE RPS

by Dr. John E. Stapleford
Center for Economic Policy and Analysis
Caesar Rodney Institute

This is a poor time to experiment with new energy regulations such as the RPS (Renewable Energy Portfolio Standards). The stark reality is that Delaware's economy is in very serious straits. Delaware has fewer jobs today than it did a decade ago. Over that decade unemployment has gone from 3.3% to 8.5%. Under the best scenario it will take Delaware 3 years to regain its peak pre-recession level of employment, and it may take as long as 5 years. Nearly 19,000 discouraged workers have left Delaware's labor force.

Delaware manufacturing has plummeted from 73 thousand jobs to 26 thousand jobs. The road back for housing from the last recession remains steep. The volume of residential permits is one-third of the pre-recession peak, the value of permits 38% of the peak, and house prices 23% below peak. The unemployment rate in Delaware's construction industry is still above 20%.

To read the rest of this article, go to:
http://www.caesarrodney.org/pdfs/Delaware%27s_Economy_and_the_RPS2.pdf