IBD: California’s Economic Suicide
10/27/2011 2 Comments
Investors Business Daily:
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.
Readers here are familiar with how we got AB-32 and its economic damage. You can read the rest HERE, but the article concludes:
The Founding Fathers envisioned the states as individual laboratories where a free market and free people would find what works and reject what didn’t. California’s state experiment will only cause jobs and people to flee to the other 49.
Maybe Nevada County Tourist organizations can get the people leaving California to stop by a drop a few dollars in the County in one last hurrah party before they vanish over the horizon to a more business friendly state.