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

To: ThirdEye who wrote (220047)	1/19/2002 9:56:00 AM
From: Gordon A. Langston	Respond to of 769670

Just for the fun of it, who gets the blame, considering their relative control over the issue. I'd give Bush about 2% at most and Davis 98%. Davis had the power to nip this in the bud but drug his feet (or if I'm feeling kind...got really, really bad advice). The last price controls I remember were gasoline and not a happy one. Any politician with a good memory would shy away from them (except during wartime) and in fact they create just another kind of artificial market.....wasn't that the idea of de-regulation to allow a real market of supply and demand. Davis is fond of saying now that a 20% oversupply can pretty much guarantee stable prices yet he resisted allowing market forces to act to allow more power into the state to achieve this end. BTW one research group puts the figure at $71 billion in costs over the next decade or so. Even half that is incredible.

To: ThirdEye who wrote (220047)	1/19/2002 12:27:15 PM
From: DavesM	Respond to of 769670

Just a partial correction: During the first half of 2001, there were three FERC commissioners. All three were appointed by President Clinton - Two were Democrats, and one was a Republican. When President Bush came into Office, he named the sole Republican as the Chairman. There were two empty seats on the Commission (I believe) at the beginning of President Bush's term. The Commissioners to fill those seats (Bush Appointees) were not approved by the Senate and sworn in till late May or June of 2001.