Skip to comments.California's Economic Suicide
Posted on 10/25/2011 4:24:06 PM PDT by Kaslin
The Weather: Regulations finalized by the California Air Resources Board establish the nation's first state-run cap-and-trade regime. Despite Solyndra, the state will gather solar panels while it may.
The 262 pages of regulations implementing California's 2006 global warming legislation, Assembly Bill 32, approved by CARB last Thursday, will probably reduce employment more than it reduces emissions. The only thing it will cap is economic growth by bleeding a patient that is already hemorrhaging red ink.
Signed into law in 2006 by Gov. Arnold Schwarzenegger, the cap-and-trade regulations are intended to force California to reduce greenhouse gas emissions to 1990 levels by 2020.
By 2015, some 85% of the state's businesses and power sources will be under its mandates. Businesses that exceed 90% of their current greenhouse gas emissions will be forced to buy carbon credits as penance.
The question is why in the face of evidence that the prospect of imminent doom from man-caused weather danger is on overhyped scam based on doctored data California risks repeating the sad experience of Spain. There, subsidized windmills and solar panels dotted the landscape, only to wind up with a collapsed economy that lost 2.2 jobs for every "green job" created.
A 2009 study by economists at the California State University, Sacramento, commissioned by the California Small Business Roundtable, found the legislation would result in "a total loss of (economic) output of $182.649 billion annually," with an estimated impact on small businesses alone of 1.1 million jobs. This in a state with a 12.1% unemployment rate.
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In my view, the states are “self selecting” into liberal (unsuccessful) and conservative (successful) categories.
Cali CapNTax should be a real help for Arizona, and perhaps Nevada.
Schwarzenegger was crazy to sign that, but smart to make it go into effect on Brown’s watch. Now Brown will have to either reverse it and take the heat from his own party, or go down with the ship.
How symbolic, how futile.
And the rain forests, always hungry for more carbon dioxide, are complaining.
Let’s give California back to Mexico. If they’ll take it.
California liberals corruption is only outdone by their stupidity.
Oh, and F’ you Arnold!
...they already have.
...they already have.
Yeah, because one state can change the temperature of the globe. California is a joke of epic proportions. Why do I stay here?
Sounds like their cap and trade plan is working. Cap off any and all production and industry, and trade off all of the jobs and business to other states and countries. CARB is causing more damage to the enviroment than they’re fixing.
Let’s give California back to the Mexicans and New York back to the indians, then we can have a truly Red State—save for fguring out what the hell to do about Illinois.
The people of CA have no one to blame but themselves, we had the opportunity to shut this down via an initiative on the ballot and it lost, by a fairly wide margin too. Idiots! I live in a State populated by total and complete idiots! The only danger is that they’ll be packing up and moving to your State as soon as they’re finished destroying this one. Human terminates eating away at civilizations foundations.
We’ll have to figure out how to cleave off Chicagoland into the lake.
The balance of the state is very salvageable.
At least that’s how it looks from Indiana.
Doesn’t Cali have some really big mandatory budgets cuts coming if revenue fails to meet projections? Last I read revenue was way down so avoiding the cuts will not be possible. Gonna be lots of unhappy people in Cali as soon as those cuts go into effect.
Why? Why would they destroy themselves so completely? I mean, I know the commies run the place, but they live there too and they are crapping in their own well.
I visualize Californians swirling the toilet bowl while their politicians are reaching out to grab the flush handle one more time.
I know what you mean. I live in the People's Democratic Republic of Illinois.
Now it makes sense.
It's like watching a Greek tragedy. Even parasites like tapeworms have enough smarts to avoid killing their hosts. Not public employee unions! They'll keep demanding more and more until the state's economy collapses. Then they'll point accusing fingers at those who warned of the collapse and demand that the Federal government pick up the tab. These people are self-absorbed infants with no sense of shared responsibility.
Oakland will be the first to go apesh*t, then the rest of the areas with large concentrations of people in need of “services”. I don't look at this in delight. I lived there for years, and had a lovely home and enjoyed Los Angeles. I'm saddened at the decline and hardly recognize it anymore when I fly in. Very 3rd world-y around LA.
I see Greece defaulting, the rest of those iffy countries doing the same...Europe in a real mess in the span of 3-4 days. Then our stock market will start sliding down. I then see “something” happening to make the OWS crowd be overtaken by some real bad actors and let the fun begin.
If CA wants a bailout....and they will....I don't see how the commie in the WH can or CAN'T do it. This will cause more “you evil republicans want our Black President to fail” in even more hysterical ways and the riots will move on to Chicago, Philly, Atlanta, etc. Chicago is already gearing up their finest with the flash mobs. I'm sure some fab community organizers will reach out to this “disadvantaged group” who are losing “services” and let the hi-jinks begin. Who knows what will really happen this fall...but the financial system in the world is a house of cards. Things are going to change, big time. Make sure you can take care of your family.
California will soon be a lovely clean place full of mexicans and unemployed former union workers.
Will the last producer please turn out the lights since there is no one left to pay the bill?
California is a lost cause. When the government goes out of it's way to penalize the citizens and promote illegal immigration the end is near.
I think you are right on it. They’ve been hiding the really bad domestic economic news under the cover of Europe’s problems. I don’t believe any of the profit reports, especially those of the financial institutions. I think many of the large businesses are cooking the books for the benefit of the directors and management. But Europe’s problems will probably be the trigger for the chaos that demands a new “leader” to take charge.
Thanks, and you couldn’t be more right about the world financial system. As for what follows, God help us...
Global warming ping