The Mudcat Café TM
Thread #62141 Message #1002964
Posted By: Alice
15-Aug-03 - 07:07 PM
Thread Name: BS: Papa Bush, Enron, dereg, Dubya= blackout
Subject: BS: Papa Bush, Enron, dereg, Dubya= blackout
The India outsourced jobs are nothing compared to what led to the current power blackout.
Here is an article by Greg Palast today, giving us the timeline that led up to our current power grid problems.
Greg Palast writes, "...before I was a journalist, I worked for a living, as an investigator of corporate racketeers...one devious little bunch of operators out of Texas, Houston Natural Gas, operating under the alias "Enron," talked an over-the-edge free-market fanatic, Britain's Prime Minister Margaret Thatcher, into licensing the first completely deregulated power plant in the hemisphere. ... in 1992, just prior to his departure from the White House, President Bush Senior gave the power industry one long deep-through-the-teeth kiss good-bye: federal deregulation of electricity. It was a legacy he wanted to leave for his son, the gratitude of power companies which ponied up $16 million for the Republican campaign of 2000, seven times the sum they gave Democrats.
,,,And the Pataki-Bush Axis of Weasels permitted something that must have former New York governor Roosevelt spinning in his wheelchair in Heaven: They allowed a foreign company, the notoriously incompetent National Grid of England, to buy up NiMo, get rid of 800 workers and pocket most of their wages - producing a bonus for NiMo stockholders approaching $90 million.
Is tonight's black-out a surprise? Heck, no, not to us in the field who've watched Bush's buddies flick the switches across the globe. In Brazil, Houston Industries seized ownership of Rio de Janeiro's electric company. The Texans (aided by their French partners) fired workers, raised prices, cut maintenance expenditures and, CLICK! the juice went out so often the locals now call it, "Rio Dark."