To: Lizzie Tudor who wrote (26272 ) 8/25/2003 8:30:32 AM From: stockman_scott Read Replies (1) | Respond to of 89467 In California, Gov. Gray Davis is locked in the political battle of his life. Conservatives cite a stagnant economy, enormous deficits and high unemployment rates as reason enough for his removal from office. If that’s all it takes, shouldn’t President Bush be worried he’s next? Here’s betting that it’ll be a cold day in Crawford before Rep. Darrell Issa (R-CA) and the others who bankrolled the California recall effort will turn their sights on President Bush, although given their rhetoric against Davis, they probably should. Check out the following quotes, and guess for yourself if they’re about Davis or Bush. “He created a deficit and lied about it.” Is this in reference to the Bush administration’s $455 billion deficit after promising that his massive tax cuts were affordable? Nope, it’s Issa talking about California’s $38 billion deficit. “Right now, __________ and the legislature have left us with an $11 billion structural deficit, annually, going forward as far as the eye can see.” Bill Simon, who lost to Davis in 2002 but has declared his candidacy for the recall, jumps in to get some whacks at the governor. Of course, the trained Daily Enron reader will instantly know this quote can’t be about Bush – an $11 billion deficit would look like good news for the Bush administration. “Working with _________ is an inconsistent art because he doesn't do what he says he will do, at least consistently and reliably.” Is Issa taking Bush to task for his misleading statements about the war in Iraq, the environment and his tax cuts? Hardly. Not surprisingly, he’s calling out Davis once again. “We lost more than 200,000 jobs last year.” Another easy one: of course it’s about Davis. That statistic would have to be jacked up through the roof to reach the 2.5 million jobs lost under the Bush administration. State Sen. Tom McClintock (an extreme conservative who’s jumped into the recall) took Davis to task for the job losses in a recent speech. Curiously, he made no mention of President Bush’s putrid record on the same subject. “All ________ knows how to do is shakedown campaign contributors, blame everybody but himself…and relentlessly attack anyone who questions his leadership.” Surely this must be about Bush right? After all, he’s spent the last few weeks jet-setting between posh fund-raisers, denouncing those who question his leadership, and failing to take responsibility for the nation’s ills. Wrong. Once again, more Issa piling on Davis. It's obvious that these men will not direct their vitriol - or their checkbooks - at President Bush. That task has been left up to citizens across the country who have joined in an online petition to recall Bush based on his failures as president. If a stinking economy and lying to the public are the standards necessary for recall, then it's pretty clear that Bush should leapfrog Davis and every other politician to the front of the line. Read more here. As the California recall team plots to remove Davis from his home in Sacramento, Enron Corp. is moving from its home in Houston. A staggering monument to greed, corruption and the pitfalls of energy deregulation, the Enron corporate command center will hit the real estate market roughly two years after the energy giant filed for bankruptcy. “It’s a difficult time to be selling an office building in downtown Houston,” said Sanford Criner of a local realty firm. Unlike energy, Enron executives have yet to figure out how to artificially create shortages and inflate the prices of their offices. Read more here. Recent news items have revealed that problems with energy deregulation are far more widespread than the California energy crisis. Now Montana, who began the deregulation process six years ago, is facing similarly astronomical prices. “One lesson is that deregulation or restructuring in fact requires a very active and vigilant regulator,” said Bob Rowe, chairman Montana’s Public Service Commission. Uh, Bob? Read more here. Meanwhile, the quest to uncover the real reasons behind last week’s blackout continues – despite the efforts of the Bush White House. The North American Electric Reliability Council (NERC) had begun an independent investigation into the blackout fiasco, but its efforts were quickly halted by the Bush administration. Just three months before the blackout, the NERC warned that such an event could occur starting in the Midwest, in large part due to the fractured (read: deregulated) energy market. The New York Times reports that one possible cause for the blackouts may have been Ohio-based FirstEnergy’s practice of “borrowing” power to meet its own needs. But, thanks to the deregulation-friendly Bush administration, it will be much more difficult to get an accurate, unbiased analysis of the situation. Rep. John Dingell (D-MI), the ranking Democrat on the House Energy and Commerce Committee, upbraided the administration for only allowing the Department of Energy to investigate the matter. “The public deserves nothing less than complete, parallel and independent investigations by both DOE and NERC,” Dingell said. thedailyenron.com