Cap-and-trade further dooms California.
Investor’s Business Daily editorializes,
… The 262 pages of regulations implementing California’s 2006 global warming legislation, Assembly Bill 32, approved by CARB last Thursday, will probably reduce employment more than it reduces emissions. The only thing it will cap is economic growth by bleeding a patient that is already hemorrhaging red ink…
The Founding Fathers envisioned the states as individual laboratories where a free market and free people would find what works and reject what didn’t. California’s state experiment will only cause jobs and people to flee to the other 49.