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Monday, February 21, 2011

Wisconsin Gov. Walker helping out his energy friends:

Like, maybe, the Koch brothers?

From the budget bill:
... the department may sell any state-owned heating, cooling, and power plant ... for any amount that the department determines to be in the best interest of the state


5 comments

I'm not into selling off the infrastructure. They did that here in Chicago. Sold off the parking meters to Morgan Stanley for some 11 billion dollars, enough money to last for decades, we were told, except that Daley and his cronies burned through it in about a year and a half. (The last year and a half before his retirement, coincidently.)

Now the city has lost the ability to control its own parking meters, lost the revenue stream for the next 75 years, and has nothing to show for it.

Fucking drunk sailors.

By Anonymous jms, at 2/22/2011 7:11 PM  

Oh, wait. I got that backwards. They sold the meters for $1.1 billion. It's Morgan Stanley that's set to make $11 billion dollars fleecing Chicago drivers.

I'm sure things will be better with our new mayor Rahm.

Mwahhhhaaa.

By Anonymous jms, at 2/22/2011 7:16 PM  

Oh, wait. I got that backwards. They sold the meters for $1.1 billion. It's Morgan Stanley that's set to make $11 billion dollars fleecing Chicago drivers.

I'm sure things will be better with our new mayor Rahm.

Mwahhhhaaa.

By Anonymous jms, at 2/22/2011 7:16 PM  

JMS said "some free-marketeer bullshit."

The truth is that the sale of municipal assets or natural monopolies such as utilities to "free market" forces results in short-term looting.

California got screwed for 70 billion on a power scam by Enron and then the GOP spent some of the pocket change putting Arnie into office so he could dismiss the resulting lawsuit for fraud that could have returned a bit of value.

Free market nonsense is nonsense.

Walker has been sold already and is secure in the idea that he doesn't have to do shit to retain his fortune but help the Kochsuckers loot the treasury.

By Blogger Pangolin, at 2/22/2011 7:28 PM  

God is a concept by which we can measure our pain
I don't believe in free markets
I don't believe in economics
I don't believe in agriculture
I don't believe in economic growth
I just believe in me,
Quiddity and me,
and Karl Marx and Barack Obama
and Al Gore
And that's reality.
The dream is over,
What can I say?

Oh the progressivist angst

By Anonymous jms, at 2/25/2011 4:42 PM  

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