Posted on 01/30/2019 7:44:36 AM PST by SeekAndFind
FedGive™ will bail them out with printed money. Plus the GookComs will pay the tax bills and assume owner ship of much of Cali’s physical plant. It going to happen. Get used to the idea.
Is this how the government seizes private businesses and takes them under its control? Just another step on the way to communism.
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Pelosi, Kamala, Ocasio Cortez and Bernie will tell you:
Private business= immoral
Being wealthy=immoral
Building a Wall=immoral
Lessons on morality from them will continue after a break to mention babies painfully torn from the womb and bludgeoned to death during “late term abortion.” The dead baby’s parts then sold for profit. The mother and boyfriend’s career paths and lifestyle not impaired.
LOLOLOLOLOLOL!!!
They should just turn the switch off.
“Venezuela tried that. Look how that worked out.”
Yes, perhaps we may yet see the spectacle of a Russian wide body jet on the tarmac at San Francisco International, being loaded with tons of gold and Governor Newsom, for a quick getaway.
Oh Sweet! Get the beer and popcorn ready folks. This is going to get real entertaining. I can't wait to view the spectacle of California's Marxist politician simians as they attempt to run a viable energy corporation. It's going to be like watching The Three Stooges being put in charge of a nuclear power plant.
P.S.
To the few remaining conservatives left in Kalifornia, now might be a good time to get out.
Pretty damning state that our nation and society have devolved to...and Virginia is considering joining New York too.
Even if PG&E disappears and a new company is created to start from square 1 to build a new power grid, the new company will factor in the costs of maintaining power lines and the potential liability from fires. So yes the power users in California are going to pay higher fees no matter what happens.
“There’s no pain in California, but girl don’t they warn ya
It hurts, man it hurts”
There's no doubt in my mind that will happen regardless, not just with California but with other failing Socialist states like Illinois and New York.
California was once the Golden State.
The failure rate has changed California into the Gilted State.
Soon to become the Guilty State.
“Had a great job offer in kalifornica in 1979, was tempted, but took a similar position in Louisiana instead. Even then, kalifornica did not look like someplace I could live and thrive.”
So, are you “rusting away in LA? When visiting there on business I used to “marvel” at how your glasses frosted up like a beer bottle upon leaving your air conditioned hotel. Yeah, California is really the $hits politically, but the RATs haven’t been the least bit successful at changing the wonderful climate. That said, we are driving to Nevada today to take a look at a few homes in Minden with an eye toward buying one as an “investment!”
“To the few remaining conservatives left in Kalifornia, now might be a good time to get out. “
And if by any long-shot chance the lights are still on turn them off on your way out.
Don’t worry, Californians! Cheap health care for all will work out differently than cheap energy for all.
As long as they are shooting themselves in the foot, they should implement AOC’s Green New Deal and go fully renewable energy. Get rid of those fully functional, practically paid for coal plants and buy new solar panels.
The whole thing is an insanely circular process. If any business is to operate, even a so-called nonprofit, its revenues must exceed its expenditures. A public utility supports its activities by billing its customers enough to cover its costs, plus some. Inevitably, if the customers want more goodies from the utility, including unlimited liability, they’re going to have to pay more for the product. Thus, at some point, people are going to have to suck up their own losses individually or find their electric power unaffordable. CA voters can’t seem to understand this.
The powers that be back then really pooched the screw on deregulation,, and then Enron rode Gray Davis who was running around like a wild pony in heat until we got clobbered by aRnie the Climatician ‘visionary’.
California deserves its lumps of coal. even iof they can’t use them for heat or a small campfire to stay warm when the lights finally go out.
An 18 year gap does not a Chapter 22 make.
That’s why we installed rooftop solar years ago. I knew the price of electricity would skyrocket.
The minute they do away with the rate breaks for solar we are selling our house and leaving the State.
The alternative is for PG&E to go Chapter 7 and auction off the assets to a private company with the money going to the bondholders. It won’t leave anything for the state, but that’s life when a company is so badly managed.
Shareholders are going to get the short end, but they can hardly complain they didn’t see this coming, with or without the fires.
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