Deregulation a Republican thing. It is always the
Republicans who are asking for deregulation. The Republicans
are hell bent on punishing the little guy with calls of
"getting tough on crime", and "personal
responsibility", and all that, but they turn around and
just kiss the ass of the big guys as the big guys continue
to steal from and abuse the little guys. This is how
Republicans operate. Republicans have no humanity or
feelings or responsibility themselves, all they are about is
taking big money and screwing little people (that's us, the
American people).
Also remember, the Republicans deregulated the Savings &
Loans Industry, and it ended up costing us tax payers $500
billion to bail out that industry. The Republicans
deregulated the airline industry, and look at the mess it is
in right now. The airlines are now free to overbook, cancel
flights, delay them ad nauseant, and on and on, and the
passenger complaints have skyrocketed. You can thank the
Republicans for that too.
It was also the Republicans who de-fanged and de-funded the
National Highway Traffic Safety Administration, which has
the responsibility to see to it that tire makers such as
Firestone make quality tires, but the Republicans in effect
deregulated the Highway Safety Agency also, and people died
from defective tires because of what the Republicans did.
Right now, here in California, we did not have a power
problem, until former Republican Governor Pete Wilson, 4
years ago, gave the whole store away, and literally handed
over California's entire power industry to his band of
thieves, the same band of thieves who financed his campaign.
Los Angeles, wisely enough, refused to believe the
Republican lies about how deregulation will bring down
energy prices, so they did not go along with deregulation.
As a result, Los Angeles still has their same old
non-profit, publicly owned system, and they now enjoy the
lowest energy prices in the entire State, and they have no
shortage of energy whatsoever. This happened because they
refused to believe Republican lies.
EVERYTHING Republicans say is a lie. EVERYTHING! Always know
that, and you will be fine. The residents of Los Angeles
know that. It is time for the rest of the country to know
that too.
Here is the amazing thing about all this.
The power companies, here in California are experiencing
their highest profits ever in their entire history, yet they
are feigning "bankruptcy" and asking us taxpayers
to bail them out. Their profits have gone up 600% since
deregulation, via the plunder of the people of California.
California's power industry is actually experiencing profits
that are the HIGHEST EVER in recorded history. But what they
are doing with these
profits is putting them in a "holding company".
This holding company concept is a legal means of putting
your profits aside, in what is supposedly another company,
so that it can be considered different. Well it is NOT
different. It is a trick.
And here are some more tricks, the power companies have been
selling off power plants to unknown sources, 20% of the
power plants have mysteriously disappeared, and the power
companies have been selling the rest of the power off to
other States. In other words, the power shortage has been
deliberately manufactured in order to justify rate
increases.
Their hypocrisy is only rivaled by their audacity. The
plunder of the pocketbooks of Californians is being done via
their blackmailing us with the threat of all our lights
abruptly going off, and with the threat of a power industry
bankruptcy that will supposedly lower the bond rating of
California, this was vocalized by their Wall Street lackeys
who recently intruded on Californian soil to give us that
crap. We need to reclaim the power plants, and re-regulate
them into a non-profit and publicly owned system, like we
used to have. The only way
this will happen is if we go ahead and let the power
companies go bankrupt. A bankruptcy, contrary to the fear
mongering by the power companies, will NOT lead to a
shutting off all power, it will instead lead to an immediate
court ordered supervision, and court ordered restructuring
of debts, and of operations, and of executive staff
functioning. The best path to another regulation is to let
them go bankrupt.
Bankruptcy would also send the correct message to Wall
Street and to other States who are also thinking of
deregulating their electric companies.
Abel, from California
For more information, go to these links:
http://www.consumerwatchdog.org
Editors Note: This
opinion has been edited with the authors permission. Views are those of individual authors and not necessarily those of Consumer Advocate Tim Duffy.
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Articles in the Consumer Advocate ~ Tim Duffy Contributor section are posted as-is. Given the timeliness of some Contributor articles, Tim Duffy cannot verify or guarantee the accuracy of every word. We strive to correct inaccuracies when they are brought to our attention.
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