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

To: gao seng who wrote (259519)	5/29/2002 7:25:39 PM
From: gao seng	Respond to of 769667

Shedding more light on the blackouts -- California's electricity crisis of 2000-2001 was a product of misguided government policies, not corporate misconduct or market forces according to a new report from a California free-market think tank. "Power to the People," a new study released by the Pacific Research Institute, explains how the electricity crisis was entirely due to poorly designed public policies. "Unfortunately, the issue has been surrounded with misperceptions and clouded by demagoguery," Ph.D economist Benjamin Zycher, the author of the study, said in a release. Copies of the report can be obtained through PRI's Web site at pacificresearch.org

To: gao seng who wrote (259519)	5/29/2002 7:38:57 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769667

Re: "Other ... have rushed to support the idea that government did nothing wrong — it was all the fault of greedy corporations that gouged the state and its residents." >>> Another 'strawman' argument! No one in their right mind would say Calif. 'deregulated' properly. >>> Just 'cause someone says that Enron and other big players gamed the system to drive up energy rates (which they certainly attempted to do... judging from their own internal trader's comments)... that DOESN'T mean that the entire Calif. deregulatory structure wasn't also seriously flawed. >>> The two statements are not mutually exclusive. >>> If the 'deregulation' was sensibly done, then the big boys would not have been able to game the system (artificial congestion, etc.), n'est pas? >>> Calif. legislators screwed up big time, there is no doubt. Enron and other suppliers also attempted to rake them over the coals for it, there is also no doubt about that. >>> What there is doubt about, is that there was ever a serious shortage to begin with (as Cheney maintained)... considering that it 'disappeared' within days of Enron's fall from grace. >>> Also, the Veep's claim that oil drilling in the ANWAR would solve Calif's 'energy crisis' was fairly ridiculous considering: 1) Calif. doesn't use oil to generate electricity :) 2) It would have taken 10 years or so to start the new oil down any pipeline, anyway :)