What role, if any, did Enron play in bringing California to its knees (its current condition)?

brentspeak

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Thu Oct-15-09 01:03 PM
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What role, if any, did Enron play in bringing California to its knees (its current condition)?

It's been several years since Enron fleeced the entire state of California, but is the state still suffering the effects today?

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Captain Hilts

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Thu Oct-15-09 01:19 PM
Response to Original message

1. EXCELLENT question. They really screwed with the energy market. This needs to be investigated

by the feds. Californians should be really angry about this.

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still_one

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Thu Oct-15-09 01:25 PM
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2. My view is that we the consumer got screwed, and Davis lost the recall

because of it, but the actual crisis was due to spending without the ability to pay for it

Every election there were propositions asking for money for schools, roads, and other things, and people voted for those propositions, which cost money.

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HelenWheels

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Thu Oct-15-09 01:40 PM
Response to Reply #2

3. Of course they cost money

but aren't schools, roads and a lot of other things necessary? CA got royally screwed by Enron and it cost the state billions. CA is run by propositions and that is one of the main reasons CA is in the dumper. Citizens will never vote for any thing that will raise their taxes. They think the schools, roads and other things run on air. Prop 13 (I think that is the correct number) that put a cap on property taxes was the Prop that put the nail in CA's coffin. It is my understanding CA voted down all those propositions.

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still_one

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Thu Oct-15-09 03:10 PM
Response to Reply #3

4. It depends how the money is allocated. In the case of schools, the teachers weren't getting it /nt

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Art_from_Ark

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Thu Oct-15-09 11:17 PM
Response to Reply #2

5. California got screwed out of billions in excess charges

Edited on Thu Oct-15-09 11:30 PM by Art_from_Ark

by Enron and 3 other out-of-state companies in the electric power cabal, and some executives even gloated about it in e-mails. Then Davis was "recalled" (with no way to defend himself) and Ahnold was installed as governor precisely to stop the Enron investigation cold in its tracks. One of Ahnold's first acts as "governator", in fact, was to can the Enron investigation.

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barb162

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Wed Oct-28-09 03:20 PM
Response to Reply #5

9. Yeah, and then he got re-elected which is pretty amazing.

Like Reagan :eyes:

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Art_from_Ark

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Fri Oct-30-09 01:16 AM
Response to Reply #9

10. It's the old fascination with celebrities thing

Just like Clint Eastwood being elected mayor of Carmel, and Sonny Bono being elected representative from Palm Springs.

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PassingFair

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Fri Oct-16-09 06:40 AM
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6. Let's ask "Grandma Millie"....

courtesy of Trof:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=1711340&mesg_id=1711340

I love it when I look for info and find DU!

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notesdev

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Wed Oct-28-09 01:39 PM
Response to Original message

7. It's their, uh, "pioneering" accounting system which did the real damage nt

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barb162

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Wed Oct-28-09 03:14 PM
Response to Original message

8. Very little overall.

Edited on Wed Oct-28-09 03:24 PM by barb162

Califormia's problem is overspending for services without taxing for those services. It's not just energy we're talking about here that causes CA problems. Enron's been out of the picture for a few years now. I'm not just bashing CA here; almost every state does it, including my own.

PS.
CA was indeed hurt by Enron.

When I talk to knowledgeable people about CA, they almost to a one say, look to prop 13.

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