AB32 (California Cap & Trade) Is a Job Killer
May 28th, 2010 admin
That’s not me talking (well, it is too); rather, it’s the non-partisan California Legislative Analyst that has called it that. The Wall Street Journal reports on the LAO’s study of the measure, noting: “California’s economy at large will likely be adversely affected in the near term by implementing climate-related policies that are not adopted elsewhere.” While the long-term economic costs are “unknown,” the study finds that AB-32 will raise energy prices, “causing the prices of goods and services to rise; lowering business profits; and reducing production, income and jobs.” Well, duh! California can’t change the laws of thermodynamics nor can they force business to pay above market…
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