The looney left could not possibly at fault. Bring in Al Gore's spin meisters and within a few weeks we will have a coordinated rant at the selected target.
They're already setting up California's phoney, so-called deregulation as a straw dog to blast the "failure" of capitalism and free markets. If Californians want the kind of "solutions" that the looney left advocates, they're in for more problems down the road, IMO.
Here's the latest Davis rant, "Price controls create a competitive energy market". LOL, what an idiot!
Gov. Davis Blasts Bush's Energy Policy
NEW YORK (Reuters) - California Gov. Gray Davis on Thursday blasted President George Bush's energy policy, saying in a newspaper op-ed piece that the president is setting a ''perilous'' course by opposing caps on wholesale electricity prices.
Davis, writing in The New York Times, likened California's long-running energy crunch to the U.S. energy shock in the 1970s and said the Bush administration ``must adopt a more responsible energy policy.''
The comments follow a meeting earlier this week between Davis and Bush that underscored their differences on federal price caps. Bush reiterated his opposition to caps on wholesale electricity prices at the meeting, Davis said.
Davis called caps necessary to prevent price-gouging by power companies, while Bush asserted that caps will make the situation worse by discouraging investment in new power plants.
The governor told President Bush on Tuesday that he would seek a court order to force action by the Federal Energy Regulatory Commission (FERC).
In his op-ed piece, Davis cited an estimate that the size of California's energy crisis is likely to be in the range of $40 billion to $50 billion this year.
Defending his own methods of dealing with the power crisis, which has caused rolling blackouts in the state, Davis said only FERC has the power to ensure a reasonable wholesale electricity market in California. ``This is not a matter of discretion for federal regulators,'' the Governor wrote, ``It is an obligation.''
Davis acknowledged that California's power problems stemmed from ``a fundamentally flawed'' 1996 state electricity deregulation law, and he repeatedly raised the specter of economic turmoil brought on by policies favored by President Bush.
``The threat is real,'' Davis wrote, ``and the Bush administration must adopt a more responsible energy policy, one that restrains energy price manipulation and creates a fair and competitive energy market across the West and the whole country.''
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