Davis and his mirror image, enviral anti business governors in Oregon and Washington have driven these 3 states to bankruptcy in the past few years.
These enviral hand puppets hate capitalism, farming, ranching, logging and any industry that provides a product that we need in real life! Their anti business rhetoric and behavior drives business from their states. When a business leaves, tax inflow from these businesses disappears.
One of the reasons why we didn't go total blackout last year, was the massive failures of businesses in California last year or massive down sizing of businesses. If your business closes or cuts production 50% or more, a lot less electricity is used! No one wants to address this factor.
The lack of blackouts due to business failures and downsizing has a two edged sword. If these businesses are not contributing money into the state funds, then there is less money to spend. Also, tax paying employees, often go on the government dole when their company goes out of business, leaves the state or downsizes them. Instead of sending tax $'s to Sacramento, they take tax $'s to exist.
The left wing maggots in charge of the perverted legislature did not decrease their spending for their perverted voting cults. The cults which are dependent on our tax $'s for their survival.
So like the power crisis where we did not produce enough electricity to meet demand until massive business failures. The tax $'s flowing into Sacramento have dropped like lead dodos while spending on the perverted dark sides has increased. So in typical left wing fashion, the maggots in the legislature and Davis have spent more that was coming in. Now we are reaching the bottom line of a busted state like Oregon and Washington will be.
Wall Street people and the Bond people are not demonicRat cult members. They look at Davis and his maggots in the legislature as tax and spend demonicRats who are anti business. The bond ratings have dropped and will drop more!
Of course Davis wh$res who control the LA Slimes and the SF Gayrhonicle will continue to lie about how great Davis is. They know that 90% of Davis's voters can't even spell B-O-N-D-S, let understand why the ratings will crash and few if any buyers will appear.
I wonder if Davis is ever going to be successful in getting back all that state money that he blew on power purchases. If he is, I hope the bills land on the public just before the elections, just as a reminder of how incompetent Davis is.