To: deport
. I can't remember the exact analogy but Enron was buying/selling more power than several of the major power companies combined. And they didn't own a generator,There in a nut shell is the problem with manufacturing off shore and a country that thinks it can survive by not producing tangible products within its borders but thinks it can with "service industries"...
Enron was nothing more than a middle man. And, as an example the California electricity "deregulation" scam, known as the worst policy mistake in California history, (authored by and passed by Republicans,BTW) was nothing more than the introduction of the middle man in the system....Of course, Enron was behind that type of "deregulation" (there is no other type).
To: lewislynn
Yep we have middle men in most of our commercial enterprises.... The commodities exchanges are nothing but middle men trading something for use at some future date... corn, pork bellies, oil, etc. and not a one owns a farm or oil well.... The system will work when set up properly but Enron screwed the pooch so to speak in this developing commodity business. However their major errors may have been outside the commodity trading business from what little I've read of what is emerging.
22 posted on
12/09/2001 10:28:02 AM PST by
deport
To: lewislynn
And, as an example the California electricity "deregulation" scam, known as the worst policy mistake in California history, (authored by and passed by Republicans,BTW) was nothing more than the introduction of the middle man in the systemNo it wasn't. It introduced new power generators into the state. Those weren't middlemen in any sense of the word. Why would you say such a patently false thing?
You and I have gone around on this many times, and you continue to have a warped view of what really happened both from a political standpoint and from the facts on the ground.
24 posted on
12/09/2001 10:39:21 AM PST by
Dog Gone
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