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Pastimes : Remembering 2005 -- Ignore unavailable to you. Want to Upgrade?

To: Yaacov who wrote (74)	1/19/2005 12:53:13 PM
From: Lazarus_Long	Respond to of 101

With respect to CA, they want their cake and want to eat it too. The heaviest concentrations are to be found in Berkeley, San Francisco, and Hollywood. Here's a chronology of what happened: sfgate.com washingtonpost.com washingtonpost.com Pete Wilson, a Republican Governor, signed the deeply flawed electricity deregulation bill. Deregulation was all the rage then because of the successful deregulation of the phone company monopoly. It was engineered and rammed tnrough the CA state legislature by power companies. It's effects didn't really hit statewide until his succesor's, Gray Davis's, term. Electricity price caps came off in 1999. Davis faced reelection in 2000; the power bills would kill him. He basically used the CA state treasury surplus, built up over decades, to buy electricity at outrageous prices and sell it to consumers at more reasonable rates. The surplus was soon gone and the state was deeply in debt and facing bankruptcy. Petitions to recall Davis were started. He was recalled in 2003 and Arnold Schwrzennegger became governor. There were enough screw-ups and blame in this to cover everybody.