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."

Read the entire article at:
http://www.gregpalast.com/detail.cfm?artid=257&row=0