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California's Economic Suicide
IBD Editorials ^ | October 25, 2011 | Editor

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.

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


TOPICS: Culture/Society; Editorial; US: California
KEYWORDS: ab32; ab32california; cali; california; capandtax; capandtrade; carb; carbondioxide; carbongate; climate; climatechange; climatefraud; climategate; climatescam; co2; emissions; globalwarming; greenhousegas; ibd; ibdclimate; moneylaundering; solyndra

1 posted on 10/25/2011 4:24:09 PM PDT by Kaslin
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To: Kaslin

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.


2 posted on 10/25/2011 4:27:27 PM PDT by nascarnation (DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
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To: Kaslin

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.


3 posted on 10/25/2011 4:30:07 PM PDT by Brilliant
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To: Kaslin

How symbolic, how futile.

And the rain forests, always hungry for more carbon dioxide, are complaining.


4 posted on 10/25/2011 4:33:13 PM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: Kaslin

Let’s give California back to Mexico. If they’ll take it.


5 posted on 10/25/2011 4:37:46 PM PDT by Savage Beast (“History is not just cruel. It is witty.” -Charles Krauthammer)
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6 posted on 10/25/2011 4:37:56 PM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: Kaslin

California liberals corruption is only outdone by their stupidity.

Oh, and F’ you Arnold!


7 posted on 10/25/2011 4:37:56 PM PDT by Bullish (Recovery won't begin until Obama loses HIS job.)
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To: Savage Beast

...they already have.


8 posted on 10/25/2011 4:40:26 PM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: Savage Beast

...they already have.


9 posted on 10/25/2011 4:40:59 PM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: Kaslin

Yeah, because one state can change the temperature of the globe. California is a joke of epic proportions. Why do I stay here?


10 posted on 10/25/2011 4:46:14 PM PDT by MissesBush (Raising taxes on an economy in a death spiral is like taking up smoking when you have emphysema e x)
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To: Kaslin

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.


11 posted on 10/25/2011 4:46:26 PM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Kaslin

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.


12 posted on 10/25/2011 4:52:48 PM PDT by LALALAW (one of the asses whose sick of our "ruling" classes)
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To: Kaslin

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.


13 posted on 10/25/2011 4:53:16 PM PDT by trapped_in_LA
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To: Kaslin
The thing is that in California, nothing will change no matter how high the unemployment goes. Too many "Californians" just don't care, and they don't pay any attention to what goes on in Sacramento. Certainly not enough to understand the cause and effect of their electoral decisions. It's a state run by public employee union dictate and feel-good iniative enforced by party line voting in hopelessly gerrymandered districts. The band plays on...
14 posted on 10/25/2011 4:56:01 PM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: LALALAW

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.


15 posted on 10/25/2011 4:59:55 PM PDT by nascarnation (DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
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To: Kaslin

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.


16 posted on 10/25/2011 5:11:15 PM PDT by jpsb
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To: Kaslin

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.


17 posted on 10/25/2011 5:13:16 PM PDT by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Caipirabob

I visualize Californians swirling the toilet bowl while their politicians are reaching out to grab the flush handle one more time.


18 posted on 10/25/2011 5:19:12 PM PDT by umgud
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To: MissesBush
Yeah, because one state can change the temperature of the globe. California is a joke of epic proportions. Why do I stay here?

I know what you mean. I live in the People's Democratic Republic of Illinois.

19 posted on 10/25/2011 5:24:17 PM PDT by <1/1,000,000th%
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To: trapped_in_LA
So, the original Occupy Wall Street was really Occupy California!

Now it makes sense.

20 posted on 10/25/2011 5:34:10 PM PDT by Thom Pain (OMG ABO USA = USC: United States of Chicago)
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To: americanophile
It's a state run by public employee union dictate and feel-good iniative enforced by party line voting in hopelessly gerrymandered districts. The band plays on...

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.

21 posted on 10/25/2011 5:38:57 PM PDT by Bernard Marx
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To: americanophile
I hear ya...However, things are indeed going to CHANGE and in a big way. It's called civil unrest and when CA REALLY starts closing schools, hospitals, etc....And reducing “services”...Oh, I think things are going to get dicey.

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.

22 posted on 10/25/2011 5:41:27 PM PDT by Pigsley
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To: Kaslin

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?


23 posted on 10/25/2011 5:44:33 PM PDT by 43north (BHO: 50% black, 50% white, 100% RED)
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24 posted on 10/25/2011 6:10:05 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: 43north
The Mexican population doesn't live by the same rules as the US citizen. Cap and trade is meaningless to this population. Political correctness is nonexistent . Even the Governor suggested that they don't impound cars driven by Mexican Nationals without license and insurance. He states that it is demoralizing to the Mexican population.

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.

25 posted on 10/25/2011 7:52:21 PM PDT by pterional
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To: Pigsley

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.


26 posted on 10/25/2011 7:59:40 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Bernard Marx

Totally agreed!


27 posted on 10/25/2011 9:21:03 PM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: Pigsley

Thanks, and you couldn’t be more right about the world financial system. As for what follows, God help us...


28 posted on 10/25/2011 9:24:16 PM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: steelyourfaith; Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; ...

Global warming ping


29 posted on 10/26/2011 7:41:54 AM PDT by raptor22 (Join me on Twitter @gerfingerpoken)
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To: raptor22; Nervous Tick; SteamShovel; Tunehead54; golux; tubebender; Fractal Trader; ...
Thanx for the ping raptor22 !

 


Beam me to Planet Gore !

30 posted on 10/26/2011 7:49:02 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Kaslin.


31 posted on 10/26/2011 5:23:56 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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