Reading this article all I could think of was 'When is the right going to take responsibility for the failures of privatization and deregulation, among other things"

Never. They will never admit to their failure of vision. They are the ultimate victim mentality... it is always someone else's fault.

it is always someone else's fault.

This coming from a member of the party whose mantra is "Bush's fault" or "Republican's fault"? My irony meter just pegged.

Uh huh Goat, like we didn't hear in the past months that "there were no attack on US soil under Bush" and 9/11 happened under Clinton.

Again... it is always someone else's fault to the right.

from a member of the party

And so now you claim to be clairevoyant and know the political party I am registered with?

Keep digging.

And so now you claim to be clairevoyant and know the political party I am registered with?

It is clear which one you empathize with.

Or was there some other reason you knee-jerkingly blamed the "red state" of Texas for Laredo's lack of libraries (among a jillion other left knee jerk retorts in the past) when Laredo is by far Democrat?

The energy industry said its plants were down for maintenance. The Bush Administration blamed California for not building enough power plants. But anyone not on the industry's payroll or blinded by worship of the free market could figure out that California was being scammed, big time, by an artificial shortage.

Davis should NEVER have been recalled.

"This coming from a member of the party whose mantra is "Bush's fault" or "Republican's fault"?"

That part is historical fact but it isn't the crux of what Rosenfield has to say. He is telling Obama that he needs to understand this is a war and he can't win it with those who helped create the mess as part of his administration.

Nine years ago, Wall Street energy traders took advantage of California's newly deregulated electricity market to do what Wall Street always does. By gaming the system, buying and selling electricity contracts multiple times, sending power out of state and ultimately shutting down their power plants to create blackouts, the speculators drove the price of electricity through the roof, until the state's utilities collapsed and the California economy seized up. It was a massive windfall for Wall Street.

Posted by DARTHCHENEY

Last time I checked Enron was in Texas not in lower Manhattan. Wall Street firms lost money in Power Derivative deals with Enron when they went out of business. Wall Street was taken for a ride including firms like J Aron owned by Goldman Sachs

Or was there some other reason you knee-jerkingly blamed the "red state" of Texas for Laredo's lack of libraries (among a jillion other left knee jerk retorts in the past) when Laredo is by far Democrat?

#6 | Posted by goatman at 2010-01-25 12:21 PM | Reply | Flag

So now you are claiming that Texas is not a red state?

Priceless.

It's a myth that California "deregulated" their energy markets. They put a cap on what retail customers could be charged, but no caps on the wholesale market. It was stupid beyond belief.

Clinton did away with Glass-Stegall, after listening to Rubin and Summers, among others. As soon as you create an environment of extreme risk taking with losses subsidized by the taxpayer, don't be surprised if that's just what you get. The US taxpayer should never have gotten into the mortgage business in the first place. That should be obvious to everyone by now, and is--except for liberals.

The Bush Administration blamed California for not building enough power plants. But anyone not on the industry's payroll or blinded by worship of the free market could figure out that California was being scammed, big time, by an artificial shortage.

All the while Enron employees joked about robbing grandma blind.

So now you are claiming that Texas is not a red state?

No, I am claiming (for the third time now -- reading comprehension isn't your forte is it?) that you blamed Texas and it being a read state for Laredo's lack of libraries, when libraries are locally (not state) funded and Laredo is by far Democrat.

Did you understand this time? Third time's a charm.

There was no 43rd Pres for 8 years whose tenure ended last January. Anyone who says there was, or that anything he did to destroy the economy during said tenure is full of "irony".

On topic- Anytime the big corps win out and destroy huge segments of the economy, incumbents are going to be in trouble

Clinton did away with Glass-Stegall

Funny, I have never seen any president write legislation before this comment.

Again it is always someone else's fault.

The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 5444 vote in the Senate[12] and by a bi-partisan 34386 vote in the House of Representatives.[13] After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 908 (one not voting) and in the House: 36257 (15 not voting).

"Never. They will never admit to their failure of vision. They are the ultimate victim mentality... it is always someone else's fault."
#2 | Posted by 726

ROFLMAO

726,

Looks like a truly bipartisan fuckup?

That part is historical fact..

Sometimes it is danni, sometimes not. Just as it is not true that the right always blames someone else as 726 claimed.

when libraries are locally (not state) funded

What is Loan Star Libraries?
Loan Star Libraries is a direct state aid program for Texas public libraries. The program is predicated on a partnership between the state of Texas and local political jurisdictions intended to

Looks like a truly bipartisan fuckup?

It sure does.

#19 Loan Star Libraries

This is a private organization funded by grants, not taxpayers. Nice try 726

And if you want to take this library v party thing another step, 726, and prove it is a local issue, not state, then explain why the next smaller and next larger Texas cities to Laredo (Amarillo and Irving) each have five branches and Laredo has 2? All three cities are in the red state of Texas. But Laredo is the one controlled by a liberal government.

Austin is the most liberal city in Texas.

Austin has 23 library branches.

Methinks hispanic culture and proximity to the shithole formerly known as Mexico has something to do with it.

Methinks hispanic culture and proximity to the shithole formerly known as Mexico has something to do with it.

It does of course. I'm banging on 726's silly knee-jerk supposition that Laredo's lack of libraries is the fault of the "red state" of Texas, not the locality. Your Austin reference helps to bear that out.

But you must remember that Austin is a college town of course.

"But you must remember that Austin is a college town of course."

So's Laredo.

Of course some of those are online.

=]:*)

#15 | Posted by 726

You are absolutely correct.
I've been saying stuff like that for years.
Congress makes policy, executives merely sign or decline.
Folks spend too much time blaming Presidents for this or for that when it's the Congress and Senate that folks really need to be concerned about. If we all took the time to see who was running Congress when things turn to crap, folks would have a better understanding of who the real screw-ups are.
Well done.

Congress makes policy, executives merely sign or decline

Clinton could have easily vetoed this. The Republicans did not have enought votes to override the veto

Carter the granddaddy of deregulation
The policies and practices responsible for today's widening income gap date back to the 1977-1981 period of the Carter administration which is justly known as the administration of deregulation. Carter's deregulation was done in the name of populism but the results were largely anti-populist. Starting with Carter, policies and practices by both corporations and government underwent a fundamental shift to restructure the US economy with an overhaul of job markets. This was achieved through widespread de-unionization, breakup of industry-wide collective bargaining which enabled management to exploit a new international division of labor at the expense of domestic workers.