Four years ago, Arnold Schwarzenegger challenged and replaced Gray Davis as California governor because of Davis’ abyssmal handling of the state’s finances. Today, California is in at least as bad a shape as it was under Davis. And what is the Governator doing about it? Why, hosting a conference on the evils of global warming, of course.
This follows Schwarzenegger’s earlier push for sweeping greenhouse emissions reduction legislation that is crippling the state.
The greenhouse gas limits approved by Schwarzenegger will cost California billions of dollars in lost output as businesses locate elsewhere and take jobs with them. The one-time Golden State is rapidly deteriorating from a cutting-edge, high-tech economy to the fiscal equivalent of a Third World nation.
“The (state global warming) programs are costly to consumers and will not have any impact on the environment,” the nonpartisan American Legislative Council concluded in a recent report.
This is what we have to look forward to nationwide, as Obama follows a similar strategy.