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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (154775)	6/21/2001 7:37:44 PM
From: Doughboy	Read Replies (1) \| Respond to of 769669

While I don't feel too sorry for California, let's not go too overboard. The energy crisis there has real economic impact on the whole United States. If California is forced to sleep in the bed they made, we all will suffer in the long run. It's very sound economic principle to support short term price caps. When there are short term market failures, you don't just let the bastards (oilmen) have an open door to the bank vault. Both Paul Kruger an Alfred Kahn (the father of modern deregulation) favor a price cap in California. I would point out too that California has a decent "what's good for the goose is good for the gander argument." The California and American taxpayers had to suffer through bailing out TEXAS S&Ls in the 1990s, to the tune of more than 100 billion dollars. That included several hundred millions for the failed S&L of Dubya's own brother. So what's wrong with the transfer of few billion back to California? The one's who really have a beef are the Northeastern states who constantly get raped in the federal tax scheme. Doughboy.