With the present business climate in California, the addition of cap and trade to the mix will totally end any hope for growth and/or recovery.
Good that they have it for it will demonstrate to the rest of the country what would be in store should it become law nation wide.
I believe California is about to get what they deserve.
California only needs to look to Spain, which bet the farm on the green agenda. Spain only has 21% unemployment lost 2 traditional jobs for every green job created). And when you have more dependents than producers, guess what? You become insolvent...