Via the Heartland Institute;
As President Barack Obama admitted more than two years ago – before the American economy tanked and unemployment rates soared – measures like AB 32 will result in more-expensive energy. That means fewer jobs and a lower quality of life for Californians. “I’m capping greenhouse gases, coal power plants, natural gas, you name it. … Electricity rates would necessarily skyrocket.” (San Francisco Chronicle, January 2008)
In March of this year, California’s Legislative Analyst’s Office agreed AB 32 is a jobs-killer: “The aggregate net jobs impact [of AB 32] is likely to be negative.”
And earlier this month the San Francisco-based Pacific Research Institute issued an analysis of the job-saving impaction of Prop 23. Economist Ben Zycher concluded, “The central finding of this study is that [passage of Prop 23 and] suspension of AB 32 would yield increases in aggregate California employment, relative to the case with implementation of AB 32, of a bit less than 150,000 in 2011, rising to more than a half million in 2012, and about 1.3 million in 2020.”
With an unemployment rate over 12 percent and a budget deficit nearing $12 billion, Californians cannot afford cannot afford higher energy prices and restrictions on economic growth. They can’t afford AB 32.
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