"The California crunch really is the result of not enough power-generating plants and then not enough power to power the power of generating plants"

This quote by George W. Bush is referring to the California energy crisis of 2000-2001. The crisis was caused by a combination of factors, including deregulation of the power market, a lack of power-generating plants, and also a lack of power to power the plants. The deregulation of the power market enabled energy companies to charge higher rates for power, leading to a rise in demand for power. This, incorporated with the lack of power-generating plants, caused a lack of electrical energy in California. The absence of power to power the plants further aggravated the dilemma, as the plants were incapable to create sufficient electrical energy to meet the demand. The California crunch was the result of these elements, as well as the dilemma had a considerable impact on the state's economic climate.