Larry Elder goes through the most recent “pro-Biden Screed” by Michelle Obama. Larry Elder lays out a negative and positive case for Trump… but even with Trump’s negatives, he is far better than Biden [now] and Hillary [previously]. Let me say also, while I can tell when Prager gets mad about a subject… people show anger in differing ways. I believe this is about the most upset that I have heard Larry on a topic. It may not sound like it — but I have been listening to the many for YEARS.
John and Ken discuss how Governor Jerry Brown may have just bankrupted California.
Some main points about the bill:
Energy prices, food prices, car costs, etc., will all go up. As California becomes more expensive as a state to do business in, MORE businesses will leave and jobs will be lost. It will leave only the giants in business being able to pay for the extra costs, thus, whittling out competition. California will have a few large corporations left in it as well as a few large unions… all subsidizing the Democrat Party to force competition out of their markets.
The L.A. Times notes this as well:
This is really a back-door way to implement the previously failed SB 350 and more in order to tax people for California’s unfunded liabilities. JOHN & KEN previously discussed SB 350 noting the harmful effects it would have.
In an excellent article over at the WASHINGTON TIMES, we read this:
Of course I have been talking about this for years (CARL’S JR. as one example), and posting audio on this issue for years as well…
When California makes it too expensive for alternative energy companies to survive in this state… you know the chickens are coming home to roost!
The question my wife asked, very astutely, is what are these numbers we are talking about. Here they are:
Here is page one of a more bullet pointed and graphed path (click it for the PDF) to these reductions that are impossible and is only a way for the state to gain more monetary resources to pay for their B.S.
- A mere 2% of the carbon emissions credits that the California Air Resources Board (CARB) put up for auction in May were sold. The quarterly auction raised only $10 million of the $500 million that CARB projected. That’s awful news for Democrats in Sacramento who planned to spend the windfall on high-speed rail, housing and electric-car subsidies. (WSJ)
According to the Vermont Senator’s website, the Democratic Party draft platform reads:
- “Democrats believe that climate change is too important to wait for climate deniers and defeatists in Congress to start listening to science, and support using every tool available to reduce emissions now.” (Global Warming Is Too Important To Wait For Democracy)
Too important to wait for Congress? Which is why stuff like the above have to be passed via executive order — like Jerry Brown did. Whether on the state or federal levels, Democrats love growing government and regulating every aspect of the citizens life… by fiat. King George is back. It is merely “King George” forcing policies the public would never approve of:
THERE MAY BE A FAIL-SAFE HOWEVER!
In an excellent post at CLIMATE UNPLUGGED, it is noted that this signing into law by fiat would still need to pass a “California appellate court will soon rule as to whether it violates Proposition 13”
I hope the court sees the unconstitutionality [California’s constitution] of this and kills it all!
West Coast Blog has this story about the final cost — so far — of the California boondoggle known as the Bullet Train:
Bullet Train From SF to LA Doesn’t Cost $33.6 Billion Anymore… Try $100 Billion!
Ok, so that headline may sound like Dr Evil from the Austin Powers movies. How many of you actually read it in the Dr Evil voice? But even though it wasn’t Dr Evil speaking the headline, it sure feels like he is controlling the budget for high-speed rail project in California.
The high-speed rail project was approved to build a bullet train, very similar to those in Europe and parts of Asia, to connect San Francisco and Los Angeles. It would cut the traveling time between the two cities from 5-6 hours (by car) down to 2 Hours 40 Minutes. When it was passed 3 years ago, the estimated cost was $33.6 Billion broken down as follows:
$15 Billion – Federal Government
$5 Billion – Local Government
$10 Billion – Private Investors
Remainder – California
But in the last 3 years, the California High-Speed Rail authority has had problems raising money from private investors. Surprise? Not only has the project had trouble finding investors, the estimated date of completion of 2020 has been pushed back to 2033. This delay in time has caused the majority of the cost increases and estimated costs are now expected at $100 Billion. FYI: the entire California state budget is only $86 Billion.
Take note the almost instantaneous ballooning effect of the total cost via government meddling, here is the L.A. Times giving the most recent total cost update:
As the price tag for California’s bullet train has soared to nearly $100 billion, a central argument for forging ahead with the controversial project is an even loftier figure: the $171 billion that promoters recently estimated will be needed for new roads and airports if no high-speed rail is built….
….The bullet train is aimed at meeting future transportation needs of the state….
Newsflash! People are leaving California, not coming to it!
Another L.A.Times story says this:
And HotAir points out the death knell for this type of liberal thinking:
CA auditor warns bullet train project financing “increasingly risky”
Few people probably noticed the absence of “high-speed rail” from Barack Obama’s State of the Union speech last night. The issue took a prominent position in SOTU speeches in 2011, when Obama dedicated five paragraphs to pushing it, and in 2010, when Obama promoted the high-speed rail project in Florida that Governor Rick Scott killed. Last night’s mentions: zero.
Perhaps the White House didn’t have a good answer as to why their pet rail project in California has become so expensive and bloated that the state auditor issued a warning hours before the SOTU began about its financing becoming so “increasingly risky” that state lawmakers should consider whether to proceed (via Andrew Malcolm):
In the latest in a series of cautionary reports by outside agencies and groups, the auditor’s report finds that the California High-Speed Rail Authority has made some progress in addressing planning and fiscal concerns but still has important work to do to ensure that the project can be built as promised.
“The program’s overall financial situation has become increasingly risky, in part because the authority has not provided viable funding alternatives in the event its planned funding does not materialize,” the auditor’s report says.
The authority has secured $12.5 billion for the first leg — from Los Angeles to San Francisco — of what is planned to be an 80-mile network, according to the report says. But it notes the projected cost of that phase has risen to between $98.1 billion and $117.6 billion.
The auditor warns that the state has no clear way to raise the $105 billion in funding necessary to complete the project, but that’s just half of the problem:
“The success or failure of the program” depends on obtaining up to $105 billion in additional funding, which has not been identified, the report says. It also finds that cost estimates for the initial phase do not include operating or maintenance outlays, which the auditor estimates could total $97 billion between 2025 and 2060.