AB32 vs. jobs

March 10, 2010 - By admin

The nonpartisan — and, in my experience, professional and objective — Legislative Analyst confirms that AB32 will kill jobs. AB32 is the 2006 bill that’s supposed to cut greenhouse gases by 20% by 2020. It’s called the “Global Warming Solutions Act of 2006,” and was passed before the Climategate scandal showed human-caused global warming to be as scientifically based as Piltdown Man.

The LAO wrote:

On balance, however, we believe that the aggregate net jobs impact in the near term is likely to be negative, even after recognizing that many of the SP’s programs phase in over time. Reasons for this include the various economic dislocations, behavioral adjustments, investment requirements, and certain other factors that the SP would entail. In the longer term, its net effect on jobs — potentially either positive or negative — is unknown and will depend on a variety of factors.

Predictably, Gov. Arnold Schwarzenegger, who’s counting on Piltdown Man — excuse me, global warming – and AB32 to be his legacy, rejected the LAO’s conclusion. Also sprach Arnold:

I travel up and down the state, unlike others that only have theoretical opinions,” the governor said during a brief sidewalk news conference after giving a speech at a downtown Sacramento hotel. “I see first hand … that all kinds of (green industry) places want to expand, all we have to do is give them the incentives, the tax incentives and the job creation packages. I know that AB 32 will create jobs.

As if his Potemkin tours could refute the LAO’s sensible analysis. And as to “tax incentives,” has he forgotten his record $13 billion tax increases?

Meanwhile, in the real California, unemployment rose to 12.5% in January, while national employment dropped a little to 9.7%. Thus the Jobs Gap, as I have called it — the difference between U.S. and California unemployment — rose to 2.8 percentage points. That’s way up from a 2.2 percentage-point Jobs Gap just two months earlier, in November 2009.

AB32 is, along with tax increases and a general anti-business climate, gutting the state’s economy. Yet Arnold thinks all is well. He seems to be living in the fantasy world of one of his action films.

A year from now, he’ll be skiing in Gstaad while tens of thousands of Californians, because of his beloved AB32, freeze in unemployment lines.

– John Seiler

Comments(0)
  1. StevefromSacto says:

    “The nonpartisan — and, in my experience, professional and objective — Legislative Analyst.”

    OK, John, here’s what the Leg Analyst has to say about the governor’s proposal to severely cut or eliminate the IHSS program.

    “…the complete elimination of IHSS (or the dramatic reduction in eligibility proposed in the Governor’s budget plan) would likely lead to offsetting costs that more than outweigh the savings from its elimination…” Legislative Analyst’s Office (LAO), January 2010

  2. John Seiler says:

    Maybe so, StevefromSacto. But despite supposed rosy predictions, the state budget still is imploding. The California and U.S. economies are not recovering from the Bush Depression. When U.S. taxes rise next year — because Bush stupidly limited the duration of his tax cuts, and Obama won’t extend the cuts — the Bush Depression is only going to get worse.

    Choices will have to be made. There is great agony ahead for millions of Californians. This state and nation have been misgoverned by so long — mainly by Republicans like the Bushes and Arnold — that there is no easy way out.

    – John Seiler

  3. James Hawn says:

    For all of the high-powered go nowhere talking, why is it that no one speaks of the genuine opinions of the accountants up and down this goof-ball-state. They actually do the accounting, payrolls and income tax returns of those attempting to make a living and continue to provide for the much needed labor force, care to make a guess how much they could tell the folks, as we all watch our State spiral down the drain.

    Try interviewing some of the professionals who are on the front lines, from the large, median to small firms who are actually working in the trenches doing all that is possible to help their clientele stay afloat. That is where the real answers to most of California’s problems, can be found in a hurry.

    Then let’s give some real thought to all of the dead weight that is being funded and referred to as Government Employees, who by the thousands are collecting bloated pay checks to do nothing but sit. Then even those who are working at some desk are now only required in many Government Institutions to type 35 words per minute, with accuracy being no importance. It was not all that long ago that a minimum of 60 (Accurate) WPM was the minimum. You just have to love the “lowest-common-denominator”.

    This is an absolutely endless subject and just possibly that’s why the problems never get rectified, “nobody wants to do anything about it, so much as they just want to talk about”.

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