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

To: Just_Observing who wrote (303291)	10/2/2002 11:41:55 AM
From: DavesM	Read Replies (1) \| Respond to of 769670

The California Energy crisis began in May 2000. In July, Governor Davis wrote a letter to the FERC (with a copy sent to President Clinton) complaining that CA energy markets were out of control, and asked for help. In August 2000, Gray Davis complained to President Clinton about market manipulation from out of state suppliers. For almost all of the crisis, the people responsible for regulating wholesale electric markets were appointees of President Clinton. The downgrading of PGE & SCE to junk were during the Clinton Administration. PG&E & SCE stopped paying bondholders or suppliers during the Clinton Administration. Rolling blackouts began during the Clinton Administration. President Bush's appointees to the FERC were not sworn in till late May or early June 2001. One of (or the first) vote taken by President Bush's FERC appointees was for the price cap on electric power that is still in effect (in the western region). Mr. Observer, how much of the CA energy buck did the Clinton Administration get blamed for? You claim that the "White House that looked the other way" - you are right, but you blame the wrong Administration.

To: Just_Observing who wrote (303291)	10/2/2002 3:43:13 PM
From: GROUND ZERO™	Respond to of 769670

The buck stops at the President's desk. When the economy surges, the President gets the credit. When it deteriorates, he gets the blame. Okay, then I suppose I should blame President Bush because it rained this morning... you're making no sense whatsoever... You want to blame the President for the economy? Excellent!!! The markets topped out in March, 2000, long before W took responsibility for the economy... what Clinton did with the economy was no different than what the Enron types did with their stock holders... Clinton hyped up the economy and cooked the books even when it was about to crumble, you must realize all Americans are stock holders in the U.S. economy... Clinton reported a 30% budget surplus where there was none, he cooked the books and lied to the American share holders to keep the markets inflated just like the Enron types did to their unsuspecting stock holders... and now, the markets are just deflating to where they should have been in the first place... we can expect to see much lower levels before the selling is over, much lower, thanks to Clinton... you're absolutely right, let's blame Clinton who deserves all the blame for the current economy... GZ