Hi Frank,
I'm not sure I'm following your logic... If I'm reading what I see on the screen, I'm sensing a cool irony, akin to the views espoused by Kerouac, Joe Heller and Kafka. Am I reading this right? Surely the French are laughing at us. The contrived mess we are in is result of some of the biggest crocodilians on the planet letting their greed overwhelm their humanity.
Nevertheless, there's no telling where the spread of the current "crisis" will end.
Let me give you a hint. There is a game plan. You are not privy to it. Nor am I. But the outlines can be very easily seen. First of all, the California government has made a terrible mistake by not using eminent domain to slap down the arrogance of the likes of Bryson at EI. Davis is taking a wimpy approach that is bound to lead to disasterous results financially for the community at large while the IPPs and pinch-cheeked gas scammers get away with financial murder. All those damn bonds that are going to have to be issued at 8% instead of at a municipal rate? All that money is taking the wealth of the middle class and the business community and transfering it very quickly to the elites, who've created this "crisis", as the bond money goes to pay for the absurdly inflated charges of the past couple of months at rapacious, profiteering and ruinous rates for energy. Then, the bondsmen keep right on nicking the weakened consumer class for years to come. Just as they did in the Reagan-induced deficit spending spree of the 80's. It's called "wealth transfer" and not one man in a hundred understands the subtlety of the theft.
The endgame? It has always been the plan of the utility companies, who are in complete contol of this situation, to get a twofer. They want to play in an unregulated "market heaven" and they want to be rid of the annoyance of dealing with uppity unionized employees who demand a fair share of the pie. The interim solution, as discussed in today's LA Times is just a slap on the face for the California small businessman and consumer. Just a grab for as much as the utility holding companies can get their hands on before the inevitable decision is made that energy is too important for the overall economy to be left in the hands of some
small-minded, rapacious and greedy operators.
JMO, Ray |
