Karl Rove, Robert McNally, Gerald Parsky

Summary

Karl Rove, Robert McNally, Gerald Parsky Press Briefing by Press Briefing by Karl Rove… (2001)

Those five approaches stand a better chance of keeping people at their jobs, getting paychecks and keeping this economy working, than a price cap which, last summer -- I repeat -- when the cap was lowered by this administration in California, what happened was, 3,000 megawatts of power disappeared from the state and was sold elsewhere. And that isn't going to help California when people are going to face the tough summer that they're going to face. We understand the human cost of this problem.
Source: Wikisource

Karl Rove, Robert McNally, Gerald Parsky Press Briefing by Press Briefing by Karl Rove… (2001)

Well, the President believes that price caps will make the problem in California worse, not better, that it will make the California economy weaker, not stronger. And that the way that we ought to go about seeking relief and increasing supply is to do what we are suggesting in the comprehensive energy program, which will have an effect almost immediately. It already has begun to have an effect. When you begin to talk about, for example, fixing transmission problems, it helps stabilize prices and stabilize the market.
Source: Wikisource

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