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Here Comes Cap and Trade, California Style

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  • Here Comes Cap and Trade, California Style

    Thank you Arnold. In the middle of a Depression, which your policies helped to deepen, you are now the proud father of more job killing regulations.

    "In November, Californians chose to move forward with, not derail, the state’s sweeping climate change law when they defeated Proposition 23, which would have suspended it. A key milestone in the implementation of that law will take place next week, when officials adopt regulations for a cornerstone emissions trading – or cap and trade – program.

    With the economy in the tank and what some call a jobless recovery, there’s much at stake in the ultimate design of an emissions trading program that could generate billions in revenue annually and create jobs."

    So your premise is based on data shredding, smears lies and what the California Air Resources Board admits is a 340% error, created by a Ph.d who received his doctorate from a New York Post Office Box.

    "“Enterprises pay for the right to pollute the atmosphere. That’s what the permits are all about,” said David Roland- Holst, a professor at the University of California, Berkeley, and one of the researchers for the Next 10 studies. “The atmosphere is a public good, it belongs to everyone.”

    The revenues generated from the sale of the emissions permits could reach $7.5 billion in 2012, the first year of the program."

    There will be no revenues--after the cost of lost taxes from businesses that close or leave the State, the unemployment and welfare payments, we should hope this doesn't put us further in debt and deficit.

    The radicals really saw a bucolic hick when they sold Arnold on this disastrous policy. He needs to go back to smoking cigars--as long as government allows that much freedom.


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