Camejo is the only one who can fix California

[waldenx]

How would you have handled last year's energy crisis differently?

"First of all, what Davis did was utter incompetence. He went and wrote a $43 billion check to a whole bunch of energy companies. It’s unbelievable. In six months, was worth about $11 billion. That’s a world record. That’s the worst investment ever made in the history of humanity. I would never have done that without hedging. Now hedging means you buy insurance on it. That would be very easy to do. ... Something I have been saying that I would have done, which neither the Democrats nor the Republicans have said anything about, would be to call a meeting of the owners of these companies, which is the pension funds. And I would have proposed to the pension funds that every one of these companies, the four or five key ones that were creating the problems, that we simply vote out their boards, replace their management and put law-abiding citizens in charge. That would have solved the problem immediately. And we wouldn’t be now negotiating contracts with them. In fact, we could do that today. We don’t have to just look to the past. If I become governor, we will do that. We will kick out the board of El Paso and of Reliant and of Calpine, and we will put law-abiding citizens in there, and we will rip up those contracts."