Cancel 2016.2
The Almighty
You are really starting this again? You have been humiliated at least a half dozen times on this topic. The rules that were held back are EXEMPTIONS. period.
what was the best time in American history?
- Thread starter evince
- Start date
You are really starting this again? You have been humiliated at least a half dozen times on this topic. The rules that were held back are EXEMPTIONS. period.
Cancel 2016.2
The Almighty
So now you are truly becoming like Desh? You will blatantly lie? The downturn was in large part do to the repeal of Glass Steagall. As I have stated numerous times.
If you would actually try reading, you would see that I have already stated why.
Show where I lied.
Again, you explained the mechanics of a recession, not the reason it starts. Are you retarded?
Cancel 2016.2
The Almighty
You said I stated the 2008 recession was a result of Bush policies. I did no such thing. You lied.
No, but you most certainly are. For I listed why the economy began to recede.
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The Almighty
http://www.leginfo.ca.gov/pub/95-96/bill/asm/ab_1851-1900/ab_1890_cfa_960905_114137_asm_floor.html
passed both on a unanimous vote... meaning BOTH parties passed that legislation.
Tell us Desh, why did CA not build new power plants when they knew their population was expanding faster than capacity?
canceled.2021.1
#AMERICAISDEAD
Desh, as always, in your attempt to play Big Indian/Little Indian, you miss the point entirely. You spend more time trying to defend everything that the democrat party does and blaming the republicans that you fail to realize that they are Republicrats and you are being screwed by both. Don't fret, they like it that way.
California did not fully deregulate electricity. They deregulated wholesale prices, but they did not deregulate retail prices. Now, why would the companies that provided electricity want this? Simple. At the time they did it there was a glut of electricity and they could profit off of the disparity between fixed retail prices and market wholesale prices. Looked real good. Until.............
Due to population growth, inattention to supply and demand caused a shortfall in electricity supply, thus increasing the wholesale price. But, there was a catch. The retail price was still regulated and they could not pass on the price increase to the consumer. You consumers love it when the gobblement sets price controls, until of course there are inevitable shortages.
Try reading something else besides Wiki for a change. You might sound a bit more educated
http://www.geni.org/globalenergy/li...ia-is-trying-partial-deregulation/index.shtml
http://www.econedlink.org/lessons/index.php?lid=201&type=educator
Was Enron a bad actor? Hell yeah, Enron was a bad actor, but they were a bad actor because they knew they didn't have to answer to the free market. They knew they could rely on your gobblement to be ineffective and they made lots of money until it all came crashing down.
The funny part of it is that a little old analyst brought Enron down. It wasn't the SEC, it wasn't some bureaucrat weilding some antiquated law that Enron was breaking. No, it was an analyst that looked at their statement of cash flows and realized that something was wrong. So they convinced his bosses to short Enron stock. Well, that caused others to go looking as sheep will do, and all of a sudden the jig was up.
Your profound ignorance of what happened and of basic economics only increases the likelihood that it will happen again. And of course instead of questioning your beliefs you will be right there screeching for more of the same. Politicians drool over constituents like you that don't think for themselves and are easily manipulated. You are their wet dream
evince
Truthmatters
Finally
now what did the Wilson commissioned study say?
do you think its findings were correct?
evince
Truthmatters
canceled.2021.1
#AMERICAISDEAD
Why are you so factually incorrect. It was caused by ineffective deregulation. They only partially deregulated.
Now have you found me the five businesses with no government regulation yet?
cawacko
Well-known member
Desh look up Democrat Steve Peace of California who was referred to as the 'father of deregulation' for his work in the 1996 legislation.
evince
Truthmatters
evince
Truthmatters
Did you say this or not? Do you really mean to tell me that the man who was president for 8 years is not responsible for what occurs during his tenure?
Was Captain Hazelwood responsible for the wreck of the Exxon Valdez or was some previous captain, who hadn't held the helm for more than 8 years responsible?
cawacko
Well-known member
He was chairman of the Senate Committee on Energy so...
evince
Truthmatters
http://www.salon.com/2001/01/30/deregulation_mess/
“The big electricity users went to Gov. Wilson during the recession and said, ‘We’re going to move elsewhere.’ Doing business in California was just too expensive,” says John Nelson, now a spokesperson for Pacific Gas & Electric, who was then spokesperson for Republican Assembly Speaker Curt Pringle. “You had problems with worker compensation laws, and taxes and energy prices were too high. The state went about reforming it all. We lowered taxes and pushed for deregulation.”
“The big electricity users went to Gov. Wilson during the recession and said, ‘We’re going to move elsewhere.’ Doing business in California was just too expensive,” says John Nelson, now a spokesperson for Pacific Gas & Electric, who was then spokesperson for Republican Assembly Speaker Curt Pringle. “You had problems with worker compensation laws, and taxes and energy prices were too high. The state went about reforming it all. We lowered taxes and pushed for deregulation.”