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Politics : IMPEACH GRAY DAVIS! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (178)	1/12/2003 6:04:25 PM
From: ScotMcI	Read Replies (2) \| Respond to of 1641

to be fair, Davis was between a rock and a hard place on this and I'm not sure he could have handled it any differently. Yes he could have. He could have let the costs be passed to the consumer (something he ultimately did when it was too late), which would have thrown the brakes on demand and the crisis would have been over. As it was, people were getting what they perceived to be cheap power and used it accordingly. Gray said himself that the crisis would be over in 15 minutes if he just let prices rise, but he chose not to let that happen until he'd spent billions while frozen in fear. did it occur to anybody in Sacramento that maybe we have a problem if the market totally collapses especially the nasdaq? Yes, people in government were saying so, but it looks like nobody in a position to act wanted to be the wet blanket and take away the party's punch bowl.