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Cap-And-Trade Tosses An Anchor To Drowning California Economy
Investor's Business Daily ^ | December 17, 2010 | Chuck DeVore

Posted on 12/17/2010 6:31:45 PM PST by raptor22

California often leads the nation, especially in reducing greenhouse gas emissions. The act of leading is one thing, however. Leadership's outcome is another matter entirely.

On Friday, the California Air Resources Board (CARB), the bureaucracy charged with implementing AB 32, the California Global Warming Solutions Act of 2006, adopted a cap-and-trade scheme to reduce California's greenhouse gas emissions by about 15% by 2020. CARB's regulations go into effect in 2012.

The unelected officials at CARB intend to reorder California's use of energy. In so doing they blandly declaim that their rules will create jobs while admitting to higher energy costs and a slowing economy. Somehow, this formula is transmogrified by CARB analysts into net job creation.

Given the immutable laws of math, one is forced to calculate that CARB's actions will "create" low-paying jobs at the expense of good jobs.

Beyond CARB's soothing words, what will Californians, one-eighth of America, likely experience on a practical level?

(Excerpt) Read more at investors.com ...


TOPICS: Culture/Society; Editorial; Government; US: California
KEYWORDS: ab32; capandtax; capandtrade; carb; globalwarming; unelectedofficials

1 posted on 12/17/2010 6:31:54 PM PST by raptor22
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To: raptor22
California often leads the nation,...

To financial hell!

California, you are no leader deserving of any respect in a free society.

May God help the good people of CA and free them of the nut balls corkscrewing style of governance.

2 posted on 12/17/2010 6:36:44 PM PST by EGPWS (Trust in God, question everyone else)
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To: raptor22
"Beyond CARB's soothing words, what will Californians, one-eighth of America, likely experience on a practical level?"


3 posted on 12/17/2010 6:36:44 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: raptor22

Damn.

Thank god i live in Massachusetts.


4 posted on 12/17/2010 6:37:46 PM PST by mowowie
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To: EGPWS
California often leads the nation,...

To financial hell!


California: Smiley

5 posted on 12/17/2010 6:39:09 PM PST by DeoVindiceSicSemperTyrannis (Want to make $$$? It's easy! Use FR to pimp your blog!)
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To: raptor22

CA has gone over the edge. With an overwhelmingly Dem legislature and bankrupt, having chased out any industry that can move, there’s really not much to do now other than to sit back, move out (if you live here), and watch. CA will probably lead the country...either to ruin or to glorious rebirth. In two or three years, the views and opinions of either conservatives or liberals will be borne out. I’m not going to give the fate of CA any more energy. I believe it’s a hopeless cause and I’m just looking relocate somewhere else.


6 posted on 12/17/2010 6:40:00 PM PST by Attention Surplus Disorder ("Looks like I picked the wrong week to quit smoking" - Barack Hussein Obama)
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To: steelyourfaith; Nachum; markomalley; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

Ping


7 posted on 12/17/2010 6:40:18 PM PST by raptor22 (The truth will set us free)
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To: steelyourfaith; Nachum; markomalley; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

Ping


8 posted on 12/17/2010 6:41:40 PM PST by raptor22 (The truth will set us free)
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To: raptor22

9 posted on 12/17/2010 6:42:07 PM PST by DeoVindiceSicSemperTyrannis (Want to make $$$? It's easy! Use FR to pimp your blog!)
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To: raptor22
The ruling class wants this to happen. I gauge their intent is to make the rest of us leave......

They want it all for themselves. They 'll keep a few illegal immigrants to grow their food and shine their shoes.

10 posted on 12/17/2010 6:43:45 PM PST by stboz
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To: EGPWS

Bump.


11 posted on 12/17/2010 6:48:34 PM PST by GlockThe Vote (Who needs Al Queda to worry about when we have Obama?)
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To: EGPWS

Northern Virginia has plenty of room for the relocation of the entire animation industry in California. The job can be done by the end of April if anybody is interested.


12 posted on 12/17/2010 6:50:03 PM PST by muawiyah
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To: stboz

Arizona and Colorado are going to want that water BTW. A few snips here, a couple of blowouts there and next thing you know the Souf’ is dry as a dinosaur bone.


13 posted on 12/17/2010 6:52:47 PM PST by muawiyah
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To: Attention Surplus Disorder
I believe it’s a hopeless cause and I’m just looking relocate somewhere else.

Our house goes on the market Jan. 5th. Then we're gone. Off to Medford, Ore.

14 posted on 12/17/2010 6:52:52 PM PST by super7man
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To: super7man

I left SoCal in 1993 for the Southeast. Growing up in California now seems like a long strange trip that I was on once.


15 posted on 12/17/2010 6:59:42 PM PST by Hotlanta Mike (TeaNami)
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To: raptor22

Typical Kali insanity. A feel good diversion because California’s real problems are much larger than any liberal type solutions


16 posted on 12/17/2010 7:00:48 PM PST by dennisw (- - - -He who does not economize will have to agonize - - - - - Confucius)
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To: Hotlanta Mike

I lived in San Diego,Ca from 68 to 96. The quality of life in 68 was excellent. In 96 acceptable. I was back in 2006 for 2 weeks. Semi third world hell hole was the best way to describe the place. Couldn’t wait to leave.


17 posted on 12/17/2010 7:04:35 PM PST by chittlin (chittlin)
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To: raptor22

California is doomed: Thread #9934


18 posted on 12/17/2010 7:26:41 PM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: raptor22
Oxy-acetylene cutting lessons on the bottom deck of the Titanic.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

19 posted on 12/17/2010 8:02:00 PM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
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To: The Comedian

I’m glad my in laws are up in the Sierras just an hour or so from the Nevada border. When the crap hits it in CA the coastal cities are going to be unpleasant places.


20 posted on 12/17/2010 8:30:13 PM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: super7man

Good luck to you! OR is pretty liberal as I understand it, but not all of it.


21 posted on 12/17/2010 8:38:57 PM PST by Attention Surplus Disorder ("Looks like I picked the wrong week to quit smoking" - Barack Hussein Obama)
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To: raptor22

Dammit, we in Nevada are going to feel the cold shadow of Kalifornia at OUR pumps too.
I think all of our fuel is refined there.

We do have one small refinery in Nevada, perhaps this will become the impetus for it to grow?


22 posted on 12/17/2010 9:34:00 PM PST by Loyal Sedition (Loyal Sedition, often described as "To the right of Attila The Hun"!)
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To: Attention Surplus Disorder

Bingo!

As I’ve said for years, California is doomed. Some here will scream “stay and fight” because they like the sun and the beaches and dry summers. Not me. The day I retire 10 years from now, I’m out of this Communist infested bunghole bankrupt state. Let it burn.


23 posted on 12/18/2010 12:30:43 AM PST by Freedom_Is_Not_Free (TSA apologists deserve neither Liberty nor Safety. END the TSA.)
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To: raptor22

This is the guy who could have beat Barbara Boxer. But California Republicans decided a moderate could beat her better than a solid conservative. So they are cursed again with Boxer in Washington.

Go figure.


24 posted on 12/18/2010 4:55:13 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: raptor22; Fractal Trader; Whenifhow; scripter; grey_whiskers; proud_yank; markomalley; ...
Thanx raptor22 !

 




Beam me to Planet Gore !

25 posted on 12/18/2010 5:08:43 AM PST by steelyourfaith (ObamaCare Death Panels: a Final Solution to the looming Social Security crisis ?)
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To: mowowie
Thank god i live in Massachusetts.

?

You are about to get hit with Cape Wind which will sell you feel good electrons at 20 cents per kWh with 3.8% annual escalation. I would say TGI live in Virginia where my wholesale electricity is about 8 cents, but the stupid stupid town near me just signed a contract with some scam artists to buy "solar" power at 12 cents with 2.5% escalation. Then since that stupid town got them into the grid, my power company will be forced to buy the same feel good expensive power.

Good luck, we are all going to need it.

26 posted on 12/18/2010 5:22:01 AM PST by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: raptor22
From the article:

In practice, British Columbia, through its government-owned utility BC Power, has been scamming California consumers. BC Power, hit with a fine for its role in California's Enron-era electricity scandal, has been selling "green" hydropower to California for years.

Then, in an act of electron-laundering, has backfilled its electricity deficit with coal-fired power from Washington state and Alberta. This lets Californians feel good about their electricity while netting Canadians a healthy profit.

A politically correct electron can be worth multiples of a politically incorrect electron. Given that electrons are extremely fungible, that is a recipe for corruption. With the potential for corruption comes the corrupt. Around here our "solar" power plant is being built by a convicted drug dealer.

27 posted on 12/18/2010 5:45:41 AM PST by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: raptor22
BOHICA...!!!
28 posted on 12/18/2010 5:58:30 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: raptor22; Jim Robinson
Thanks for the *PING*, raptor.

How can we mount a rescue mission for Jim Rob?

(Jim, how long do you think you can hold out before relocating, hint, hint, beg, plead, wheedle, whine?)

Cheers!

29 posted on 12/18/2010 7:20:11 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: The Comedian
Putting out fires with thermite again, are we?

Cheers!

30 posted on 12/18/2010 7:21:22 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: chittlin

I was in San Diego for boot camp in ‘62. It was gorgeous then, about ten years ago I met someone who moved from South Carolina to San Diego because he liked it so much when he went to boot camp about the same time I did. He had sold his home out there for a fortune in profits and moved back here and bought a business. Apparently he had impeccable timing.


31 posted on 12/18/2010 7:41:05 AM PST by RipSawyer
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To: Freedom_Is_Not_Free

I hope you can make it ten years, that must look like a long stretch right now.


32 posted on 12/18/2010 7:43:06 AM PST by RipSawyer
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To: raptor22

The unelected officials at CARB = City of Bell Officials


33 posted on 12/18/2010 9:05:50 AM PST by Vaduz
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To: Freedom_Is_Not_Free

“The day I retire 10 years from now, I’m out..”

You may be “lucky” in a twisted way. If you have to be in CA due to your work, there is *some* possibility, however thin it may be, that things will turn around here. Who knows? Nobody can predict the future.

I am closer to retirement age, so I don’t wish to stay here and thrash it out, all the time remembering what a paradise CA used to be.


34 posted on 12/18/2010 9:08:29 AM PST by Attention Surplus Disorder ("Looks like I picked the wrong week to quit smoking" - Barack Hussein Obama)
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To: Attention Surplus Disorder
Good luck to you! OR is pretty liberal as I understand it, but not all of it.

He'll need it. Oregon is crawling with illegals...and not just the government likes them in Oregon, but half the people do to...The media up there literally kisses their butts...

Last time I was in Oregon, we stayed at a hotel where Spanish speakers were drinking till 3 in the morning in the parking lots, blasting their grating Mexican music...We assumed they were all illegals, as none of them spoke English.

35 posted on 12/18/2010 9:15:06 AM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: super7man

“Off to Medford, Ore.”

We made the move from Marin county in 1996 and have never
looked back. Best decision we ever made..Loving it in
Grants Pass, the town with class.


36 posted on 12/18/2010 9:15:49 AM PST by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: palmer

Cape Wind sucks.
This whole state sucks.

My town has it’s own power company so i’m hoping the huge new rate hike for free renuable electricity doesn’t affect me.
Prbably will though....


37 posted on 12/18/2010 3:45:34 PM PST by mowowie
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To: raptor22

CARB has given a one year warning to businesses to leave before 1-1-2-12.

The moving companies are going to be busy.


38 posted on 12/18/2010 4:24:45 PM PST by ridesthemiles
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To: raptor22

CARB has given a one year warning to businesses to leave before 1-1-2012
The moving companies are going to be busy.


39 posted on 12/18/2010 4:25:16 PM PST by ridesthemiles
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To: RipSawyer

Every good and bad aspect of life has its pace. We’re not children. We know patience. You put one foot in front of the other, soldier on, and you wait for your time.

Waiting the 10 years is not my biggest problem. My biggest problem is that I can’t seem to be happy knowing that my state and my nation is plunging into hard socialism that will leave future generations of American’s oppressed.

You know, if California was going to hell and the rest of the USA was becoming more free and less regulated, then I could be genuinely happy, even as I wait to leave. I would be waiting knowing that the rest of the nation is becoming more free and fair for future generations. It absolutely sickens me to think that I can’t get my fellow voters to stop shooting holes in the bottom of my lifeboat, because as the USA goes down, I have no place left to go.

I can leave California for a more free and fair state. I can’t leave the USA. I am stuck with her as she plunges toward socialism.

But yes, the wait seems long. I equate it to being in 3rd grade, which is the same wait to high school graduation as I have to retirement.

Time passes like nothing. When I am done and living in a new home in Virginia, it will seem like it all passed in the blink of an eye.


40 posted on 12/18/2010 9:57:00 PM PST by Freedom_Is_Not_Free (TSA apologists deserve neither Liberty nor Safety. END the TSA.)
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To: Attention Surplus Disorder

No, I can’t see the state turning around in a decade. I think it is highly likely that Jerry Brown will rule for 2 terms, 8 years. What improvement can come in California in 8 years of Brown enabling CARB and every other green socialist California government agency.

No, in 10 years, California will be in extreme crisis. In 20, you won’t recognize the state.

I was at Target this afternoon and I swear to you, the only English I heard spoken in the store was from the counter clerk helping me. I live in the cowtown of Yuba City an hour north of Sacramento. Lots of hispanics, lots of people from India. Not many of them speaking English.

You won’t recognize California when all of those kids of illegals who are now in early grade school are all working age adults.

Man, I have nothing against immigrants. Just assimilate, work, contribute, and don’t take. But the commie liberals make sure the new immigrants don’t assimilate.

You won’t recognize California in 20 years. Believe it.


41 posted on 12/18/2010 10:01:53 PM PST by Freedom_Is_Not_Free (TSA apologists deserve neither Liberty nor Safety. END the TSA.)
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To: Freedom_Is_Not_Free

“You won’t recognize California in 20 years. Believe it.”

I *do* believe it. I don’t think it will be recognizable in ten years.

*But*, as a matter of priciple, I always try to think how I might be wrong. I’ve thought the world was ending several times, and the trouble with that bet is, it only happens once, by definition. I thought that a few times in the 70’s; I thought that briefly post 9/11. And I was wrong all those times.

I agree, what we see happening with CA is not so much based upon “shock”....it’s based upon very long term, slowly but relentlessly developing, and deeply established demographic and population trends we can readily observe at every level, micro to macro. And so our projections seem so much more credible if not inevitable.


42 posted on 12/18/2010 10:36:55 PM PST by Attention Surplus Disorder ("Looks like I picked the wrong week to quit smoking" - Barack Hussein Obama)
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To: Attention Surplus Disorder
The signs have been there all along the road.
43 posted on 12/20/2010 3:48:00 PM PST by 4Liberty ( How do you spell "moral hazard"?: $ 19, 0 0 0, 0 0 0, 0 0 0, 0 0 0.)
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