Skip to comments.Can California's Economic Self-Immolation Be Exported?
Posted on 03/12/2012 5:57:13 AM PDT by SeekAndFind
What is it about California that make its elected leaders work so hard to earn their place in the dunce's corner alongside Greece? With all the state has going for it - abundant natural resources, an educated populace, and an entrepreneurial tradition second to none - California politicians and the people who put them in power seem determined to destroy the state's economy in order to achieve some higher purpose.
Nowhere is this clearer than in the bizarre economics of California's tax and energy policies.
Were California to shut down its entire manufacturing sector, turn off its power plants, idle its trucks and automobiles, and order its citizens to stop exhaling, the impact on the global atmospheric concentration of carbon dioxide would be immaterial. So California's energy policies cannot be directed at singlehandedly saving the planet from cataclysmic global warming. Rather, its enlightened leaders must be hoping to persuade the rest of the world to follow their example.
How's that working out?
Put aside, for a moment, the scientific debate over climate models and instead look at the facts on the ground. Or under it, as the case may be.
Thanks to new technology, fossil fuels are enjoying a boom not seen since the vast oil fields of the Middle East came online half a century ago. Peak oil alarmists must be stocking up on hemlock as estimates of global oil and gas reserves soar to all-time highs. North Dakota, of all places, looks like it could become the next Saudi Arabia if technology continues to increase the amount of oil that can be extracted from the Bakken Shale. Estimates top out at 500 billion barrels.
Meanwhile, much larger California could contain more oil than North Dakota trapped in its Monterey Shale deposits, not to mention an unknown quantity lying offshore. Yet the Golden State has virtually shut down fossil fuel exploration. Once a major producer, California has seen oil production decline by more than 30% over the past 20 years. Not satisfied with choking off its aging oil wells, politicians continue trying to shut down the state's last remaining refineries.
Under the rules of democracy, the citizens of California have the power to enforce such self-abnegation within their own borders. But tell me, how are politicians in Sacramento going to turn off the pumps in North Dakota?
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The Dummycrats of Californicatia will continue down Stupid Lane, trusting in an Obama Second Term to yield a federal bailout of their bankrupt state.
When you approach the border with California, the sign says “YOU ARE LEAVING THE UNITED STATES, Please Have Your Passport Ready”
—and, disgustingly, it is a big enough market to be able to export its idiocy beyond its borders with environmental restrictions on power generation, etc.,-—
and the Dummycrats have good reason to believe it
If Obama gets a second term I have no doubt California WILL receive a Federal bailout. Obama will make it a priority, and the GOP will cave for reasons similar to their cave on the 2008 bailouts (all those techie companies in California....my gawd, if that state goes under the World Economy will collapse!)
Too Big to Fail Doctrine is the bane of modern existence.
We should have all listened to Gerald Ford.
In 1951 we drove to Cali from Alabama to visit relatives in
San Fran first then others in LA. We stopped at Cali border for agriculture inspection and had to eat or throw away several pieces of fruit before entering.
Two great uncles lived in LA area. One had been there since
1920’s & had amassed several pieces of real estate. Other one
had just retired & moved from Washington DC. Really loved Cali as property tax bill was about 1/8 of previous tax in
Just connect the dots:
If Cali asks for a bailout,
we need to vehemently lobby our Congresscritters to say “no”.
Otherwise we’re just enabling the commies to continue to not experience the consequences of their ideology.
But it's the only explanation that matches their actions.
The anti-anti-communist movement has been VERY successful.
Anyone that [correctly] points out the communist agenda of the left gets labeled a kook or worse.
If only those MEAN SPECULATORs would drive up the price of windmills, solar panels, Chevy Volts and Algae (Obama’s new solution to high gas prices) then California would be rolling in the $$$,
Cap-and-trade was supposed to fund all these green energy boondoggles with massive hidden energy taxes on us but the Democrat 60 Seat Majority couldn't pass it. In fact it seems like they could have passed energy taxes with 50 Senators (budget reconciliation) if they had the guts back then 2009 to 2010. Too late now.