October 04, 2003

Arnold Unplugged - It's hasta la vista to $9 billion if the Governator is selected

Greg Palast and Gray Davis, both have sharp, thick
political hatchets (too bad Cruz just doesn't get it).
Palast and Davis will bury them where they are
deserved. But will the Caliifornia electorate *hear*
this truth, and will it rise up next Tuesday and
respond to the truth?

"Now, thirty-four pages of internal Enron memoranda have just come through this reporter's fax machine tell all about the tryst between Maria's husband and the corporate con men. It turns out that Schwarzenegger knowingly joined the hush-hush encounter as part of a campaign to sabotage a Davis-Bustamante plan to make Enron and other power pirates then ravaging California pay back the $9 billion in illicit profits they carried off."

Arnold Unplugged - It's hasta la vista to $9 billion if the Governator is selected
Friday, October 3, 2003
It's not what Arnold Schwarzenegger did to the girls a
decade back that should raise an eyebrow. According
to a series of memoranda our office obtained today,
it's his dalliance with the boys in a hotel room just
two years ago that's the real scandal.

The wannabe governor has yet to deny that on May 17,
2001, at the Peninsula Hotel in Los Angeles, he had
consensual political intercourse with Enron chieftain
Kenneth Lay. Also frolicking with Arnold and Ken was
convicted stock swindler Mike Milken.

Now, thirty-four pages of internal Enron memoranda
have just come through this reporter's fax machine
tell all about the tryst between Maria's husband and
the corporate con men. It turns out that
Schwarzenegger knowingly joined the hush-hush
encounter as part of a campaign to sabotage a
Davis-Bustamante plan to make Enron and other power
pirates then ravaging California pay back the $9
billion in illicit profits they carried off.

Here's the story Arnold doesn't want you to hear. The
biggest single threat to Ken Lay and the electricity
lords is a private lawsuit filed last year under
California's unique Civil Code provision 17200, the
"Unfair Business Practices Act." This litigation,
heading to trial now in Los Angeles, would make the
power companies return the $9 billion they filched
from California electricity and gas customers.

It takes real cojones to bring such a suit. Who's the
plaintiff taking on the bad guys? Cruz Bustamante,
Lieutenant Governor and reluctant leading candidate
against Schwarzenegger.

Now follow the action. One month after Cruz brings
suit, Enron's Lay calls an emergency secret meeting in
L.A. of his political buck-buddies, including Arnold.
Their plan, to undercut Davis (according to Enron
memos) and "solve" the energy crisis -- that is, make
the Bustamante legal threat go away.

How can that be done? Follow the trail with me.

While Bustamante's kicking Enron butt in court, the
Davis Administration is simultaneously demanding that
George Bush's energy regulators order the $9 billion
refund. Don't hold your breath: Bush's Federal
Energy Regulatory Commission is headed by a guy
proposed by Ken Lay.

But Bush's boys on the commission have a problem. The
evidence against the electricity barons is rock solid:
fraudulent reporting of sales transactions, megawatt
"laundering," fake power delivery scheduling and
straight out conspiracy (including meetings in hotel
rooms).

So the Bush commissioners cook up a terrific scheme:
charge the companies with conspiracy but offer them,
behind closed doors, deals in which they have to pay
only two cents on each dollar they filched.

Problem: the slap-on-the-wrist refunds won't sail if
the Governor of California won't play along.
Solution: Re-call the Governor.

New Problem: the guy most likely to replace Davis is
not Mr. Musclehead, but Cruz Bustamante, even a
bigger threat to the power companies than Davis.
Solution: smear Cruz because -- heaven forbid! -- he
took donations from Injuns (instead of Ken Lay).

The pay-off? Once Arnold is Governor, he blesses the
sweetheart settlements with the power companies. When
that happens, Bustamante's court cases are probably
lost. There aren't many judges who will let a case go
to trial to protect a state if that a governor has
already allowed the matter to be "settled" by a
regulatory agency.

So think about this. The state of California is in
the hole by $8 billion for the coming year. That's
chump change next to the $8 TRILLION in deficits and
surplus losses planned and incurred by George Bush.
Nevertheless, the $8 billion deficit is the hanging
rope California's right wing is using to lynch
Governor Davis.

Yet only Davis and Bustamante are taking direct
against to get back the $9 billion that was vacuumed
out of the state by Enron, Reliant, Dynegy, Williams
Company and the other Texas bandits who squeezed the
state by the bulbs.

But if Arnold is selected, it's 'hasta la vista' to
the $9 billion. When the electricity emperors
whistle, Arnold comes -- to the Peninsula Hotel or the
Governor's mansion. The he-man turns pussycat and
curls up in their lap.

I asked Mr. Muscle's PR people to comment on the new
Enron memos -- and his strange silence on Bustamante's
suit or Davis' petition. But Arnold was too busy
shaving off his Hitlerian mustache to respond.

The Enron memos were discovered by the Foundation for
Taxpayer and Consumer Rights, Los Angeles,
www.ConsumerWatchdog.org


Posted by richard at October 4, 2003 02:07 PM