John and Ken read from an L.A. TIMES article that raises the alarm a bit too late for Californians.
- Californians are likely to pay more for gasoline, electricity, food and new homes — and to feel their lives jolted in myriad other ways — because their state broadly expanded its war on climate change this summer. The ambitious new goals will require complex regulations on an unprecedented scale, but were approved in Sacramento without a study of possible economic repercussions. Some of the nation’s top energy, housing and business experts say the effort may not only raise the cost of staples, but also slow the pace of job and income growth for millions of California families.
Not that most them care about the business climate anyways. The attrition has been happening for many years (More Businesses Leave California), and California is chasing alternative energy companies (Two Models: Prosperity or Egalitarianism) out of the state as well. An earlier discussion mentioned these new regulations hurting the economy of California (Jerry Brown Just Destroyed California’s Economy), but this article is just another nail in the coffin. Not to mention the many other factors killing California… like the teachers unions (California Teacher Unions Draining State Budget) and the pension promised benefits to the state’s other unions (State Deficits Budget Shortfall on Pensions || The Author of “Plunder” Interviewed).