Hey, Obama. Remember When You Said Cap-And-Trade Would Create Jobs? Yeah… Not So Much.
Another shock. How can all these racists disagree with the holy word of the One?
A report released Monday says that California’s new global warming law will increase unemployment in the Golden State.
The announcement was in stark contrast to continual claims by the Left and their media minions that proposed cap and trade legislation at the federal level will result in an explosion in green jobs.
As reported by the Los Angeles Times Wednesday, the nation’s most populated state, which is the first to impose laws concerning carbon dioxide emissions, might see a net reduction in employment as a result:
The state’s nonpartisan legislative analyst’s office examined 2008 economic modeling by the California Air Resources Board and concluded that it "may overstate the number of jobs" attributable to future implementation of the 2006 climate law.
While acknowledging the uncertainty of such projections, the report said, "On balance, however, we believe that the aggregate net jobs impact in the near term is likely to be negative, even after recognizing that many of the . . . programs phase in over time."
The report comes at a politically charged moment, when polls show employment to be Americans’ top concern. Signature gathering began last week on a November ballot initiative that would delay the law, known as AB 32, until unemployment drops to 5.5% for at least a year. California joblessness is over 12% today.