Aspen Group Resources (ASRPF)

[Amaunet]

Morning Dave, It is difficult to slip an OT in between the Company's press releases.

I say both.


Critical misjudgements were made by the California Public Utilities Commission and the state Legislature, the architects of deregulation. The fault does not lay with just Davis, Bush, Enron and others certainly contributed. The state deregulation plan was conceived in 1996. Davis was elected governor in 1998. He, however, sat on the situation and let things get so bad he was strangling the state and had to go. California adds 600,000 new residents a year but hasn't built a major new power plant in the last decade.

The PRC's (People's Republic of California's) ludicrously botched attempt at deregulation, and Governor Gray Davis' socialist demagoging, frightened away utility investors. California in the person of Gov. Davis claims that their prices were high solely because all those out of state meanies took advantage of the PRC and ripped them off, and Californians didn't owe them the money they legally contracted to pay. Davis conveniently forgets that the PRC and their lackeys kicked the generator owners out of the state to begin with, and in a fit of righteous purity has refused to ugly up their precious state with new power plants or transmission facilities for at least 15 years. Ooops!

Pretty much everyone in the free world understands what idiots Davis and the PRC regulatory bureaucracy are. It is, however, making states more careful in their approach to deregulation, now that they have seen how the wrong approach can wreck a state's economy. The downside is worse than they had previously thought, so they are taking their time.

Bush was not for the recall as he wanted a Democrat as governor to take the heat as California goes under. From what I understand, by their (Democrats) way of thinking, the Republican (Arnold) came in too soon. It will be interesting to see how the Republicans treat the non-neocon, definitely non-Christian fundamentalist, Schwarzenegge. There is a lot of the Democrat in Arnold. The Republicans are too much under the control of religion and foreign interests, with luck maybe this will work out. IMO there was no choice.

You were right on with what you posted.

http://www.union-network.org/uniamericas.nsf/0/18e4f40e9f73a973c12569dc003f3291?OpenDocument

-Am