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http://dailynews.yahoo.com/htx/ap/20010517/us/energy_davis_3.html

Excerpt: SACRAMENTO, Calif. (AP) - Gov. Gray Davis attacked President Bush's energy plan Thursday, accusing the administration of ``turning a blind eye to the bleeding and hemorrhaging that exists in this state.'

The Democrat said Bush's pledge to speed up power plant permits and conserve energy at federal buildings offers no short-term relief from California's rolling blackouts and soaring electricity bills.

``We are literally in a war with energy companies, many of which reside in Texas,' Davis said. ``Californians want to know if he is going to be on their side.'


It is well established that California's politicians and voters brought on it's current particular problem themselves by enacting an irrational scheme which prohibited its local electricity distribution companies from locking up supply under long-term contracts after deregulation of wholesale electricity prices, while capping the retail rates the distribution companies were permitted to charge, and simultaneously forcing its electric utilities to divest their own power-generating assets and prohibiting, via restrictive permitting practices and other means, the construction of new power-generating capacity within the State. This nonsensical public policy put California in the position of having to pay whatever the market would bear, on a day-to-day basis, for whatever surplus electricity its distribution companies could find on the spot market, provided it could be transmitted into the State from wherever it was generated. What utter, blind, [f]oolish nonsense.

All of that was done while its economy flourished in the high-tech boom, increasing power demand exponentially. And--also--while putting on a parade of dot.com IPOs to lure $capital dollars into its state to feed the high-tech frenzy.

OK, Governor, here's a possibility--round up all the dot.coms that are trading below their IPO prices and have the State of California reimburse all the investors who funded dot.com-mania. Then we'll consider giving you that much relief on energy costs. Meanwhile, if California is going to declare war on Texas . . . I can't wait to sign up. Don't you Fools think that kind of talk is a bit over the line for a sitting governor of one of the sovereign States of the USA?

/s/ S.T.

[Oh, BTW, does anyone recall how California was weeping and gnashing teeth during the last Bush administration because a few military bases had shut down and some defense spending was cut back after the collapse of the USSR? And how the then-Mayor of San Francisco went on TV to berate George H. W. Bush because he sent his sitting Vice-President to tour the devastation of the San Francisco earthquake instead of dropping the country's business and travelling himself? Message to SoCal and NoCal: grow up and get a life. If you want to drop out and start your own country, just say so. We'll work on it for you.]
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