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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: the_wheel who wrote (12390)	8/16/2003 4:33:04 AM
From: Amy J	Respond to of 306849

RE: "why don't they tax Texans? Special assessment. After all, didn't Enron start it?" Hi the_wheel, Bingo. $18B of the $38B debt was due to the energy buddies, some in Texas, whose bad corporate behavior was backed by energy industry buddies in the Federal administration. If anyone else had been leading this country, they would have instituted regulations to make the type of arbitrage dancing Enron and the others were doing illegal. But apparently, California is in the wrong political basket to garner fair treatment on energy policies. We're a Democratic state, and the best way Bush can remain in power is to try and reduce the footing of the Democrats here - what better way is there to do that, then through his energy buddies (and then look the other way) as they ram the State of California? Like Bush was quoted in the media approximately two weeks ago, "California is not like Texas." Bush obviously acts like the governor of Texas, an energy guy, not the President of this country. Since he wants to be political, fine. Then let's tax the oil buddies by us Californians instituting an Energy Tax imposed onto Energy companies that want to do business with us. And then let's also fix energy prices so the energy companies can't pass the tax off to consumers - we can basically squeeze back our $18B from their profits until $18B has been returned back to California before eliminating the tax. California should be more aware that it is a powerful economy, the fifth largest, and act as a group to get the $18B dollars back from the energy companies. Maybe Vermont will begin to make a dent with their lawsuit. We are way too timid in dealing with the energy companies. We need to work with other States to get the $18B returned. As soon as we get a Democratic president, we will have the power to change the Federal Energy Policy. Right now the DOE is under the thumb of Bush. That'll eventually change. It always does with each President - who controls the development of DOE policy has always been controlled by the President, not Congress. Congress is only given the opportunity to vote on what is developed in Policy- they almost never reach around the President into the DOE's Policy arm by directly demanding changes or new policy development. If Congress were smart, they would commission an independent study that bypasses the current regime. The top layer at DOE will be ejected immediately when a Dem President eventually gets into Office. Regards, Amy J