By Katy Grimes and Tom Tanton
False claims about the success of California’s green economy have been front-page headlines for several years. Green tech groups, green energy investors, stakeholders and even green tech media claim California has a “thriving clean energy economy.”
What’s missing from the news is The Rest of the Story. The political and economic impact of California’s Global Warming Solutions Act of 2006 (AB 32), the greenhouse gas reduction mandate foisted on Californians by the Democrat-dominated Legislature, and signed into law by then-Gov. Arnold Schwarzenegger, hasn’t been good for the economy.
While recent newsreports show unemployment has slightly dropped, the facts show otherwise. The U.S. unemployment rate cannot possibly be 5.3 percent, nor can California’s be 6.3 percent. The only way it can be reported this way is by excluding those Americans who have given up finding a job, and are no longer participating in the workforce.
But this Legislature and governor would much rather talk about a warming climate, than the business climate or… Read More